Tembo Global Industries Limited — Board Meeting, 19-04-2025: Outcome of Board Meeting

The board meeting resulted in the approval for fundraising of up to ₹300 Crore through the issuance of equity shares via Qualified Institutional Placement, Preferential Allotment, and Rights Issue. This capital raise aims to support business expansion and strategic investments in the defence and solar energy sectors. This move aligns with previous announcements regarding collaborations, including a ₹1,000 Crore investment agreement with the Government of Maharashtra for establishing a manufacturing unit for small arms and ammunitions, and a 25-year Power Purchase Agreement for developing solar photovoltaic power stations with a total capacity of 124 MW.