Tembo Global Industries Limited — Board Meeting, 26-10-2024: Outcome of Board Meeting

Tembo Global Industries Ltd. reported its unaudited financial results for Q2 2024, showing significant revenue growth. The Board approved a 25-year power purchase agreement with the Maharashtra State Electricity Distribution Co. for solar projects totaling 124 MW, and discussed new land acquisitions and capital expenditure for product expansion. Additionally, plans to invest over 50% in the Tembo PES joint venture were approved. The statutory auditors issued a limited review report on the financial results.