Tembo Global Industries Allots 90,000 Equity Shares Following Warrant Conversion
Tembo Global Industries Limited has approved the allotment of 90,000 equity shares of Rs. 10/- each following the conversion of warrants, as decided by its Board of Directors on July 15, 2026. This allotment was processed upon receipt of the balance payment for the exercised warrants from a promoter group member.The allotment relates to the exercise of warrants previously issued in January 28, 2025, which granted the right to subscribe to one equity share per warrant at an issue price of Rs. 285/-. Warrant holders had initially paid 25% (Rs. 71.25 per warrant) of the issue price, and the remaining 75% (Rs. 213.75 per warrant) was due upon conversion.
The transaction details for the allotment are summarized below:
| Allottee Name | Category | Number of Warrants Converted | Equity Shares Allotted | Warrant Exercise Price Received | Balance Outstanding Warrants |
|---|---|---|---|---|---|
| Ms. Fatema Kachwala | Promoter | 70,000 | 90,000 | Rs. 1,92,37,500 | 2,45,000 |
Ms. Fatema Kachwala of the Promoter category was involved in this conversion process. The allotting details reflect that she had initially been allotted 4,05,000 warrants.
The new equity shares allotted on a preferential basis will rank pari-passu with the existing equity shares of the company in all respects.
Consequent to this allotment, Tembo Global Industries Limited's issued and paid up capital has increased. The company's capital stood at Rs. 19,02,01,980/- divided into 1,90,20,198 equity shares of Rs. 10/- each prior to the allotment. Following the conversion, the capital increased to Rs. 19,11,01,980/-, comprising 1,91,10,198 equity shares of Rs. 10/- each.
TEMBO Stock Price Movement
Tembo Global Industries Limited shares edged higher today, closing at ₹547.15 and registering a 0.38% gain on the stock. The company saw a trading volume of 147,580 shares during the session.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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