Tembo Global Industries Limited has informed the Exchange about issue of Securities
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Tembo Global Industries' board has approved raising up to Rs. 198.70 crores by issuing 40,38,600 equity shares at Rs. 492 per share to non-promoter investors on a preferential basis. Additionally, the board approved issuing up to 24,00,000 share warrants (convertible into equity shares) at Rs. 492 each, potentially raising another Rs. 118.08 crores from promoters and non-promoter investors. The company will also increase its authorised share capital from Rs. 22 crores to Rs. 30 crores, subject to shareholder approval. An Extra Ordinary General Meeting is scheduled for September 11, 2025, to seek member approval for these preferential issues, with the cut-off date for e-voting set as September 4, 2025.
This is a significant capital raise of up to ~Rs. 316.78 crores through preferential allotment, which will dilute existing shareholders but strengthen the company's balance sheet. Existing shareholders should note the potential dilution from both the equity shares and convertible warrants, and may want to review the rationale for the fundraise and the use of proceeds before voting at the EGM.