Board approves 1:10 stock split and promoter warrant conversion

Stock splitCorporate Actions View source PDF Explain this filing

TEMBO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.5%Reaction day

₹568.80

prior close

₹572.50

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-2.1% vs market

Iron & Steel Products peers, median of 98sector-0.1%-1.5% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 1.5 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.5

10m

+1.6

15m

+1.7

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.5+0.6-2.1-0.1-1.5

Next day

+0.5+1.7-1.1+0.3+0.2

+0.8+2.1-1.3+0.5+0.3

-1.2+3.0-4.2+0.7-1.9

-0.7+3.8-4.5+0.7-1.3

-4.2+3.1-7.3+0.2-4.4

-3.3+2.4-5.7-0.5-2.8

15d

-0.2+1.3-1.5-3.5+3.3

-3.7+3.9-7.5-1.1-2.5

—+7.4—-2.3—

—+5.6—+0.3—

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 98Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Tembo Global Industries' board approved a 1:10 stock split, sub-dividing each Rs. 10 equity share into 10 shares of Re. 1 each, subject to shareholder approval at a forthcoming EGM. Rationale: to boost liquidity, trading volumes, and make shares more affordable. Total paid-up capital remains Rs. 18.54 crore. Separately, 4,05,000 convertible warrants were converted into equity shares at Rs. 285 each (Rs. 8.66 crore received), raising paid-up capital to Rs. 18.95 crore across 1,89,50,198 shares. Allottees are promoters Sanjay Patel and Smita Patel.

Likely market impact

Stock split should improve liquidity and lower per-share price, broadening investor access. Mild dilution from promoter warrant conversion.