Tembo Global Industries Limited — Others, 26-11-2024: Addendum

Tembo Global Industries Limited held an Extra Ordinary General Meeting (EGM) where shareholders approved a resolution regarding a preferential issue of shares and warrants. Following queries from the National Stock Exchange, the company issued a third corrigendum clarifying that the minimum issue price for warrants is set at ₹279.81 per share and the relevant date for this determination is August 30, 2024. Notably, no key personnel intend to subscribe to this offer, which involves a total of ₹57 crore in subscribed amounts by various non-promoter investors. This update may instill confidence among investors, reflecting improved governance and strategic clarity while also signaling potential dilution against share value, warranting cautious observation.