Tembo Global Industries Limited — Others, 15-07-2025: Change in Auditors

The company's board has approved raising up to ₹500 Crore through various methods including QIP, Rights Issue, or convertible securities. These funds will fuel expansion into defence and solar energy, aligning with prior commitments like the ₹1,000 Crore Maharashtra investment for a defence unit and a 124 MW solar PPA. Key leadership changes include the Chief Financial Officer's resignation and the appointment of Ms. Fatema S. Kachwala as the new CFO. The statutory auditors also changed, with M/s Karta and Company taking over due to the previous auditor's health issues and peer review certificate expiry. Additionally, the company paid a penalty of ₹304,440 for a past governance lapse regarding a director's age.