Tembo Global Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on August 19, 2025.
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Tembo Global Industries' board approved increasing the authorised share capital from Rs. 22 crore to Rs. 30 crore, subject to shareholder approval. The board also cleared a preferential issue of up to 40,38,600 equity shares to non-promoter investors at Rs. 492 per share (including a premium of Rs. 482), potentially raising up to Rs. 198.70 crore. Additionally, the company plans to issue up to 24,00,000 share warrants convertible into equity shares, at the same Rs. 492 price, to certain promoters and non-promoter investors, for an aggregate of up to Rs. 118.08 crore. Total potential fundraising through both routes is approximately Rs. 316.78 crore. An Extra Ordinary General Meeting has been scheduled for September 11, 2025, with the cut-off date for e-voting eligibility set as September 4, 2025.
The company is set to raise substantial capital (~Rs. 317 crore) through preferential allotments, which will dilute existing shareholders. The issue price of Rs. 492 represents the SEBI-determined minimum price, and approval at the EGM is required before the allotments can proceed.