Tega Industries Incorporates Wholly Owned Subsidiary Tega Solutions Limited
Tega Industries Limited announced the incorporation of its wholly owned subsidiary, Tega Solutions Limited (TSL). The Company received the Certificate of Incorporation for TSL from the Ministry of Corporate Affairs on April 17, 2026, following the subsidiary's incorporation on April 01, 2026.The move establishes Tega Solutions Limited, which is wholly owned by Tega Industries Limited. The object of the new entity is to provide management consultancy services and to function as a Global Capability Centre and Global Cost Centre for corporate entities.
According to the details provided, the subsidiary will operate in the management consultancy activities sector, alongside the existing business of grinding media for the mining industry. The Company intends to utilize cash consideration for this incorporation.
Subsidiary Details and Structure
Tega Solutions Limited was incorporated under the Companies Act, 2013, in India. The company currently has an Authorized Share Capital of Rs. 100,00,00,000/- and a Paid up Share Capital of Rs. 99,00,00,000/-. The acquired shareholding percentage stands at 100%.The company and its subsidiary are not yet scheduled to commence commercial operations.
The core details of Tega Solutions Limited are summarized below:
| Particulars | Details |
|---|---|
| Subsidiary Name | Tega Solutions Limited (TSL) |
| CIN | U70200WR2026PLC293555 |
| Authorized Share Capital | Rs. 100,00,00,000/- |
| Paid up Share Capital | Rs. 99,00,00,000/- |
| Ownership Stake | 100% (Wholly Owned Subsidiary) |
| Primary Objective | Management consultancy services and Global Capability Centre operations. |
| Business Status | Not applicable (yet to commence business operations). |
Stock Price Movement
Tega Industries Ltd shares settled at ₹1739.25 on Friday, declining 0.67% in session. Throughout the trading day, the shares moved between an intraday low of ₹1734.70 and a high of ₹1767.60.Source:
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