Tembo Global Industries Limited has informed the Exchange about increase in Authorised Capital
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Tembo Global Industries' board has approved increasing the company's authorised share capital from Rs. 22 crore to Rs. 30 crore, subject to shareholder approval. The company plans to raise up to Rs. 198.7 crore by issuing 40,38,600 equity shares at Rs. 492 per share to around 90 non-promoter investors on a preferential basis. Additionally, it proposes to issue up to 24 lakh share warrants (convertible into equity shares within 18 months) at Rs. 492 per warrant to certain promoters and non-promoter investors, potentially raising another Rs. 118.08 crore. The total potential fundraising is around 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 preferential allotment and warrants will lead to dilution of existing shareholders once converted. However, the significant capital raise at a premium of Rs. 482 per share signals strong investor confidence and could fund the company's growth plans. Shareholders should watch for the EGM outcome on September 11, 2025.