Tembo Global Industries Limited — Others, 15-07-2025: Appointment

Tembo Global's board has approved raising funds up to ₹500 Cr through various modes like Qualified Institutional Placement, preferential allotment, or rights issue. This capital will fuel business expansion and strategic investments in the defence and solar energy sectors, aligning with prior announcements including a ₹1,000 Cr Maharashtra investment for defence and a 124 MW solar power project. The company also announced CFO changes, with Ms. Fatema S. Kachwala appointed following Mr. Girish Jethmalani's resignation. A director also resigned, and new statutory auditors, M/s Karta and Company, were appointed. The company additionally paid a fine of over 3 lakh rupees for a past non-compliance regarding a director's age.