Tega Industries Limited announced that its Board of Directors has approved the voluntary de-registration of its wholly owned subsidiary, Tega Industries Australia Pty Ltd. This process also includes a reduction of the subsidiary's share capital by way of a return of capital to the parent company, in compliance with applicable laws. Tega Australia was not considered a material subsidiary, and the de-registration and capital reduction are not expected to have a significant impact on Tega Industries' overall business operations or financial standing. The income contributed by Tega Australia to the consolidated financial statements as of March 31, 2025, was INR 277.34 Million (₹27.73 crore), representing 1.69% of the total income. The subsidiary's net worth was INR 94.91 Million (₹9.49 crore), accounting for 0.68% of the total net worth. The company proposes to reduce the share capital of Tega Australia by returning surplus capital. Before the reduction, the paid-up share capital was AUD 85,000, represented by 85,000 equity shares of AUD 1 each. After the reduction, the paid-up share capital will be AUD 222, with each share valued at AUD 0.0026117647. Consequently, an amount of AUD 84,778 (approximately ₹49.34 lakh) is being returned to the parent company as capital. The process of capital reduction and voluntary de-registration is anticipated to be completed within 3 to 4 months from the approval date.
