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, at its meeting on August 19, 2025, approved raising funds through a preferential issue of up to 40,38,600 equity shares to non-promoter investors at Rs. 492 per share, aggregating up to Rs. 198.70 crore. Separately, the board approved issuing up to 24,00,000 convertible share warrants (1 warrant = 1 equity share, convertible within 18 months) to promoters and non-promoter investors at Rs. 492 per warrant, aggregating up to Rs. 118.08 crore. The company also plans to increase its authorised share capital from Rs. 22 crore to Rs. 30 crore to accommodate these issuances. An EGM is scheduled for September 11, 2025, with a cut-off date of September 4, 2025 for e-voting eligibility. All proposals are subject to shareholder and regulatory approvals.
The combined potential capital raise of around Rs. 317 crore will lead to significant equity dilution for existing shareholders, but the issue price carries a heavy premium (Rs. 482 over the Rs. 10 face value), indicating the price is benchmarked to prevailing market levels. The stock may see short-term pressure from dilution, though successful fund raising could support future growth plans.