Tembo Global Industries Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on March 24, 2026. Further, the company has informed the Exchange regarding voting results.
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Tembo Global Industries held an Extraordinary General Meeting (EGM) on March 24, 2026, through video conferencing, where shareholders voted on 9 resolutions, all of which were passed with overwhelming majority. Key approvals include raising the company's investment, loan, and guarantee limit under Section 186 to Rs. 3,000 Crore, issuing Non-Convertible Debentures of at least Rs. 50 Crores, and increasing borrowing limits. Shareholders also approved material related party transactions with subsidiaries and group companies (where promoter votes of 67.46 lakh were treated as invalid under SEBI norms). Additionally, the objects clause of the Memorandum of Association was amended, and Mr. Piyush Jashbhai Patel was appointed as Non-Executive Director while Mr. Ankit Bhaskar was appointed as Independent Director. The remote e-voting was conducted from March 20–23, 2026, with the scrutinizer being D.M. Zaveri & Co., Company Secretaries.
Shareholders have given the company broad financial flexibility, including up to Rs. 3,000 Crore in investment and borrowing capacity, which could lead to significant expansion or acquisitions. The amendment to the objects clause also opens the door to new business activities, potentially altering the company's growth trajectory.