Tembo Global Industries Limited — QIP/Rights/Pref., 17-01-2025: Allotment of Securities

The company has announced a board meeting during which it approved the alteration of the Object Clause in its Memorandum of Association (MOA) and initiated a postal ballot for shareholder approval. Additionally, the board approved the conversion of 18,00,000 convertible warrants into an equal number of equity shares at an issue price of Rs. 230 each, raising a total of Rs. 41.4 crore. Following this conversion, the company's paid-up equity share capital will increase from 11,103,746 shares to 12,903,746 shares, as detailed in the allotment of shares to various allottees.