Tega Industries Clarifies Ultimate Beneficial Owners for Proposed Allotment
Tega Industries clarifies ultimate beneficial owners for a proposed allotment involving AP Jupiter Holdings II, Ltd., an Apollo Global Management affiliate. Directors Mr. Gaurav Pant, Mr. James Elworth, Mr. Jack Chen, and Mr. Joel Tay are identified as ultimate beneficial owners.
This is a procedural clarification regarding beneficial ownership for a proposed allotment and does not represent a new business development, financial result, or significant corporate action that would materially impact the company's operations or stock price.
The announcement is a routine clarification of beneficial ownership details related to a proposed allotment, providing factual information without significant positive or negative financial or operational implications.
Tega Industries Limited has issued a clarification regarding the identity of ultimate beneficial owners for a proposed allotment, in furtherance to their earlier communication dated August 22, 2026, concerning a postal ballot notice. This update specifically addresses item XIII of the notice.
The company has received a requirement letter from NSE, leading to a revised reading of the aforementioned item. The clarification pertains to AP Jupiter Holdings II, Ltd., identified as the Proposed Allottee. It is stated that AP Jupiter Holdings II, Ltd. is an investing vehicle of funds managed or advised by affiliates of Apollo Global Management, Inc., a company listed on the New York Stock Exchange.
As no single natural person holds more than 10% of the shares, capital, or profits of the Proposed Allottee, or exercises ultimate control, the directors of AP Jupiter Holdings II, Ltd. – Mr. Gaurav Pant, Mr. James Elworth, Mr. Jack Chen, and Mr. Joel Tay – are considered its ultimate beneficial owners for the purposes of Regulation 163(1)(f) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. All other contents of the postal ballot notice remain unchanged. This information will be available on the company's website, www.tegaindustries.com.
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Tega Industries Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Tega Industries Limited. Read the original for the full detail.