Tembo Global Industries Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on September 11, 2025 at 12:30 P.M.
TEMBO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tembo Global Industries has called an Extraordinary General Meeting (EGM) on September 11, 2025 at 12:30 PM via video conferencing. Three key resolutions are on the table: (1) increasing the authorised share capital from Rs. 22 crore to Rs. 30 crore (to 3 crore equity shares of Rs. 10 each), (2) issuing 40,38,600 equity shares on a preferential basis to non-promoters at Rs. 492 per share (a premium of Rs. 482), raising up to about Rs. 198.7 crore, and (3) issuing 24,00,000 convertible share warrants at Rs. 492 each to promoter and non-promoter allottees, which could bring in up to another Rs. 118.08 crore if fully converted. The warrant allottees include promoter Fatema Shabbir Kachwala (6 lakh warrants), Piyush Jashbhai Patel (5 lakh), Sanjay Patel Holdings (1 lakh), and non-promoter Mohammed Abdul Nayeem (12 lakh). Shareholders on record as of September 4, 2025 are eligible to vote, with e-voting open from September 8 to September 10, 2025.
If approved, the company could raise up to roughly Rs. 316.8 crore, boosting growth capital but also leading to meaningful share dilution (up to ~64.4 lakh new shares equivalent, about a ~29% expansion of the existing 2.2 crore share base). Existing shareholders should watch for the issue price relative to market levels and the use of proceeds, which has not been specified in the notice.