Tembo Global Industries Limited — Board Meeting, 28-01-2025: Outcome of Board Meeting

The board has approved the preferential allotment of 19,79,000 equity shares at ₹285 each, totaling ₹56.40 Cr, to non-promoter entities. Additionally, 8,10,000 share warrants have been allotted at the same price, amounting to ₹23.08 Cr, to promoter entities, with an upfront payment of ₹5.77 Cr received. Each warrant is convertible into an equity share at a future date. These equity shares and warrants will be subject to a specified lock-in period. This capital infusion is expected to strengthen the company’s operations and financial position.