Tembo Global Industries Limited has informed the Exchange regarding allotment of 1619679securities pursuant to Preferential Issue through Circular Resolution passed by the Board of Directors on November 28, 2025
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Tembo Global Industries has informed the exchange that it has allotted 16,19,679 securities to certain allottees under a preferential issue. The allotment was approved by the Board of Directors through a circular resolution dated November 28, 2025. The announcement does not disclose the issue price, identity of allottees, or the intended use of proceeds. A preferential issue is a private placement of shares or convertible securities to selected investors rather than a public offering. Existing shareholders will see their holding percentage diluted to the extent of these new securities.
This is a dilutive equity action for current shareholders since new securities are being issued to specific investors. The actual impact on share price will depend on the allotment price, the profile of the allottees, and how the raised funds are utilised — details of which are not provided in this filing.