Tembo Global Industries Completes Conversion of Warrants, Allots 70,000 Equity Shares
Tembo Global Industries Limited announced that its Board of Directors approved the allotment of 70,000 equity shares following the conversion and exchange of an equal number of convertible warrants. The decision was made on July 13, 2026.This transaction involves the fulfillment of a prior warrant issuance communicated earlier. Initially, Tembo Global Industries had allotted 8,10,000 Convertible warrants to members of the promoter group, where each warrant could be converted into or exchanged for one fully paid-up equity share of Rs. 10/- at an issue price of Rs. 285/- on a preferential basis.
The conversion process was completed upon receiving the balance payment from the warrant holders. The company confirmed that the allotment covered 70,000 equity shares to Ms. Fatema Kachwala, categorized as a Promoter. These shares were allotted after receipt of the final payment corresponding to 75% of the warrant issue price (Rs. 213.75 per warrant).
The details of the conversion and allotment are as follows:
| Name of the Allottee | Category | Number of Warrants Converted | No. of Equity Shares Allotted | Warrant Exercise Price Received (@ Rs. 213.75 per warrant) (Amount in Rs.) | Balance Outstanding Warrants for Conversion |
|---|---|---|---|---|---|
| Ms. Fatema Kachwala | Promoter | 70,000 | 70,000 | 1,49,62,500 | 3,35,000 |
Following the allotment of these new equity shares on a preferential basis, Tembo Global Industries reported an increase in its issued and paid-up capital. The company's capital increased from Rs. 18,95,01,980/ divided into 1,89,50,198 equity shares of Rs. 10/- each to Rs. 19,02,01,980/ divided into 1,90,20,198 equity shares of Rs. 10/- each.
The newly allotted equity shares will hold the same status as existing equity shares in all respects.
TEMBO Stock Price Movement
Shares of Tembo Global Industries Limited slipped by 0.67% today, closing at ₹552.95 after trading settled. The stock saw a daily range between ₹550.1 and ₹565.65 amid a volume of 111,161 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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