Tembo Global Industries Limited — QIP/Rights/Pref., 26-03-2025: Allotment of Securities

Tembo Global Industries has announced a board meeting to approve the allotment of 5,84,400 equity shares, issued following the conversion of warrants by certain promoters. The shares were allotted for cash at a price of ₹172.50 per share, totaling ₹10.08 crore. Following this allotment, the company's issued and paid-up capital rises from ₹14.88 crore to ₹15.47 crore, with the new shares ranking equally alongside existing shares.

This development signifies increased equity and potential financial strength, which may foster positive sentiment among investors looking for growth opportunities.