Tembo Global Industries Limited — Updates, 09-04-2025: Press Release

Tembo Global Industries Limited has expanded its Board of Directors by inducting four new Independent Directors: Ms. Homai A. Daruwalla, Mr. Ajay Madan, Mr. Sumantra Sarathi Mahata, and Mr. Nikunj Barot. Each brings a wealth of expertise, with backgrounds in banking, corporate finance, governance, and taxation. Notably, Ms. Daruwalla has a significant history in public sector banking, while Mr. Jethmalani has been appointed as Chief Financial Officer, effective April 10, 2025. Together, these appointments aim to enhance the company’s governance framework and drive sustainable growth.

The outgoing directors, acknowledging their contributions, have resigned as part of this strategic shift. Tembo Global is also initiating a Postal Ballot process to secure shareholder approval for these appointments, alongside resolutions concerning borrowing powers and a new ESOP scheme. This phase marks a pivotal opportunity for Tembo, reflecting its commitment to operational excellence and governance. The leadership changes position the company well to pursue its ambitious growth strategies and respond to market opportunities.