Tembo Global Industries Limited has informed the Exchange regarding Board meeting held on August 12, 2025.
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Awaiting price reaction for this filing.
Tembo Global Industries reported a strong Q1 FY26, with standalone revenue from operations nearly doubling to Rs 24,812.26 lakhs (up ~93% YoY from Rs 12,841.01 lakhs) and standalone PAT jumping to Rs 1,902 lakhs from Rs 541.56 lakhs (~251% YoY growth). Consolidated revenue rose ~79% to Rs 23,025.21 lakhs and consolidated PAT grew ~176% to Rs 1,480.89 lakhs, with standalone EPS at Rs 17.13 vs Rs 4.85 a year ago. The Board also approved a change of statutory auditor from R.A. Kuvadia & Co. to Karta & Co. (the new auditor issued an unmodified limited review report). Additionally, the Board appointed M/s D.M. Zaveri & Co. as Secretarial Auditors for 5 years and M/s Aatish Dhatrak & Associates as Cost Auditor for FY 2025-26, and approved re-appointment of Managing Director Sanjay Patel, Whole-time Director Fatema Kachwala, and Non-Executive Director Shabbir Merchant. The 15th AGM is scheduled for September 20, 2025 in Navi Mumbai.
Sharp topline and bottomline growth reflects strong operational momentum and could boost investor sentiment. However, investors should note the change in statutory auditor during the fiscal year, which is worth monitoring for any related disclosures.