Tembo Global Industries Limited — Board Meeting, 15-07-2025: Outcome of Board Meeting

Tembo Global's board has approved raising up to ₹500 Cr through various modes like QIP or rights issue. These funds will fuel strategic expansion in defence, including a ₹1,000 Cr Maharashtra unit, and solar energy, supporting the 124 MW project. Key management changes include CFO Mr. Girish Jethmalani's resignation, with Ms. Fatema S. Kachwala taking over. Independent Director Mr. Jasbir Anand also resigned. M/s Karta and Company have been appointed as new statutory auditors. The company also paid a ₹3.04 lakh penalty for a past governance compliance issue.