Tembo Global Industries Approves 1:10 Stock Split, Converts Warrants to Boost Liquidity
Tembo Global Industries Limited announced a strategic move following its Board meeting on June 16, 2026. The company approved a 1:10 stock split and sanctioned the conversion of 4.05 lakh convertible warrants into equity shares. This dual development aims to improve share liquidity and broaden investor participation in the market.Under the proposed stock split, existing equity shares, which carry a face value of ₹10, will be divided into ten equity shares each with a face value of ₹1. The company stated that this subdivision is intended to make its shares more affordable and accessible to a wider base of investors, thereby enhancing liquidity in the stock market and strengthening its shareholder base. Furthermore, the Board also recommended the necessary alteration of the Capital Clause of the Memorandum of Association to reflect the revised share capital structure.
In addition to the split, the company approved the conversion of 405,000 convertible warrants into 405,000 equity shares, each having a face value of ₹10. This conversion will be completed on a preferential basis upon receipt of the balance subscription amount. The allotment has led to an increase in the company's paid-up equity share capital from ₹18.54 crore to ₹18.95 crore. These newly allotted shares are set to rank pari-passu with the existing equity shares of Tembo Global Industries Limited.
Sanjay J. Patel, Managing Director of Tembo Global Industries Limited, commented on the developments. He stated that the proposed stock split reflects the company's commitment to creating long-term value for shareholders and improving market accessibility for a broader investor community. He added that the successful conversion of warrants into equity reinforces investor confidence in Tembo's growth trajectory and strengthens the capital base as the company pursues strategic expansion opportunities.
Tembo Global Industries Limited is a prominent entity in the industrial sector, specializing in the production and assembly of metal components for Pipe Support Systems, Fasteners, Anchors, HVAC, Anti-Vibration Systems, and Equipment across various installations including industrial, commercial, and OEM markets. The company also engages in the trade of metal products complementing its manufacturing operations.
The industrial specialist holds certifications from Underwriter's Laboratory Inc. (USA) and FM Approval (USA). As an export-driven enterprise, Tembo has been designated a 2 Star Export House. In diversification efforts, the company ventured into the EPC contracting arena in 2023 and holds interests in the textile trading market. Further expansion in recent years includes manufacturing defense products and entering the solar power sector in 2024.
The record date for the proposed stock split will be announced after receiving shareholder approval through the forthcoming Extraordinary General Meeting (EGM).
TEMBO Stock Price Movement
Tembo Global Industries Limited saw shares slip by 1.37% to settle at ₹566.75 as the market closed today. The stock finished the day within a tight range, with traders exchanging 217,492 shares.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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