Corporate Actions Summary

Stock Split Approval:

  • The Board of Directors, at its meeting held on June 16, 2026, approved and recommended a 1:10 stock split, subject to shareholders' approval.
  • Under the proposed split, each existing equity share with a face value of ₹10 will be subdivided into 10 equity shares with a face value of ₹1 each.
  • The stated purpose is to enhance share liquidity in the stock market, make shares more affordable and accessible to a wider investor base, and broaden the Company's shareholder base.
  • The Board has also recommended the alteration of the Capital Clause of the Memorandum of Association to reflect the revised share capital structure post-split, subject to shareholder approval.
  • The record date for the stock split will be announced after obtaining shareholders' approval through a forthcoming Extraordinary General Meeting (EGM).

Warrant Conversion:

  • The Board approved the conversion of 4,05,000 (4.05 lakh) convertible warrants into 4,05,000 equity shares of face value ₹10 each on a preferential basis.
  • The conversion is upon receipt of the balance subscription amount.
  • Consequent to this allotment, the Company's paid-up equity share capital has increased from ₹18.54 crore to ₹18.95 crore.
  • The newly allotted equity shares will rank pari-passu with the existing equity shares of the Company.

Management Commentary

Mr. Sanjay J. Patel, Managing Director, commented that the stock split reflects a commitment to creating long-term shareholder value and improving market accessibility for a broader investor community. He stated that reducing the face value aims to enhance liquidity and encourage greater retail participation. He also noted that the warrant conversion reinforces investor confidence in the company's growth journey and strengthens the capital base for pursuing strategic expansion opportunities.

The company believes the stock split will facilitate greater retail investor participation, improve trading volumes, and strengthen shareholder engagement, while maintaining the intrinsic value and overall capital structure.

Company Business Overview (Background Information)

Tembo Global Industries Limited is described as a leading engineering and industrial solutions company, incorporated in 2010. Its business operations include:

  • Specialization in the production and assembly of metal components for Pipe Support Systems, Fasteners, Anchors, HVAC, Anti-Vibration Systems, and Equipment for industrial, commercial, utility, and OEM installations.
  • Trade of metal products that complement its manufacturing operations.
  • Fabrication and installation specialist in ductile pipes, HDB pipes and fittings, and MS plate.
  • Products are certified and approved by Underwriter's Laboratory Inc. (USA) and FM Approval (USA) for Fire Sprinkler System Installations.
  • It is an export-driven enterprise with a 2 Star Export House distinction.
  • In 2023, the company ventured into EPC (Engineering, Procurement, and Construction) contracting, securing orders from infrastructure clients.
  • The company has interests in textile trading.
  • In 2024, the company diversified into manufacturing defence products and entered the solar power sector.