Tembo Global Industries Allots 75,000 Equity Shares Following Warrant Conversion
Tembo Global Industries Limited announced that its Board of Directors approved the allotment of 75,000 equity shares following the conversion and exchange of warrants. The decision was ratified by a Circular Resolution passed on July 22, 2026.The allotment involves Ms. Fatema Kachwala from the Promoter category. Of the total 4,05,000 warrants previously allotted to the promoter group, 3,30,000 had been converted prior to this transaction, resulting in the allocation of the remaining 75,000 equity shares upon the exercise of options for conversion.
The newly issued Equity Shares are fully paid up with a face value of Rs. 10/- each and were allotted at an issue price of Rs. 285/ per share. The allotment was completed after receiving payment equivalent to 75% of the warrant issue price, which amounted to Rs. 213.75 per warrant.
The financial details related to this conversion are summarized below:
| Name of Allottee | Category | Number of Warrants Converted | No. of Equity Shares Allotted | Payment Received (Rs.) |
|---|---|---|---|---|
| Ms. Fatema Kachwala | Promoter | 75,000 | 75,000 | 1,60,31,250 |
The issuance of the equity shares grants them pari-passu status with existing equity shares in all respects.
Impact on Capital Structure
The capital restructuring leads to an increase in the issued and paid-up capital of Tembo Global Industries Limited. The capital moved from the previous standing of Rs. 19,28,01,980/- divided into 1,92,80,198 equity shares of Rs. 10/- each to a new total of Rs. 19,35,51,980 /- divided into 1,93,55,198 equity shares of Rs. 10/- each.This transaction involves the conversion of warrants that were initially allotted on January 28, 2025, which carried a right to subscribe to one Equity Share per warrant at an issue price of Rs. 285/ to members of the promoter group. The payment received for this specific allotment accounted for a balance amount of Rs. 213.75 per warrant, representing 75% of the total issue price.
TEMBO Stock Price Movement
Shares of Tembo Global Industries Limited slipped by 4.11% in post-market trading today, settling at ₹526.10 following a significant selloff. The stock traded within an intraday range, hitting a low of ₹517.15 but ultimately reaching a high of ₹556.05.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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