Tembo Global Industries Limited — Board Meeting, 17-01-2025: Outcome of Board Meeting

The Board has approved the alteration of the Object Clause in the Memorandum of Association, subject to shareholder approval. Additionally, a postal ballot notice will be issued to seek members' consent on this matter. The Board also facilitated the conversion of 18,00,000 convertible warrants into equity shares, raising an aggregate amount of Rs. 41.4 crore. Following this issuance, the paid-up capital of the Company increased to 12,903,746 equity shares. This decision reflects the Company's strategy to enhance its capital base and expand its business operations, particularly in solar energy.