Tembo Global Industries Limited — Others, 19-08-2025: Increase in Authorised Capital

Tembo Global's board has approved a major capital raise plan. The company will increase its authorized share capital from ₹22 Cr to ₹30 Cr. It plans to raise up to ₹198.70 Cr by issuing 4,038,600 equity shares to non-promoter investors at ₹492 per share. Additionally, 2,400,000 convertible warrants, each convertible into one equity share within 18 months, will be issued to promoter and non-promoter investors at ₹492 each, raising up to ₹118.08 Cr. These actions await shareholder approval at an upcoming Extra Ordinary General Meeting, signaling potential funds for future growth.