June 17 : Tembo Global Industries Limited , an engineering and industrial solutions company, announced that its Board of Directors, at its meeting held on June 16, 2026, approved and recommended, subject to shareholders’ approval, a 1:10 stock split and approved the conversion of 4.05 lakh convertible warrants into equity shares.
Under the proposed stock split, each existing equity share having a face value of INR 10 will be subdivided into 10 equity shares having a face value of INR 1 each. The Company stated that the sub-division is being undertaken to enhance liquidity of its shares in the stock market and make them more affordable and accessible to a wider base of investors. This initiative is expected to broaden the Company’s shareholder base.
The Board has also approved and recommended the alteration of the Capital Clause of the Memorandum of Association of the Company to reflect the revised share capital structure pursuant to the proposed stock split, subject to shareholders’ approval.
Additionally, the Board approved the conversion of 4,05,000 convertible warrants into 4,05,000 equity shares of face value ₹10 each on a preferential basis upon receipt of the balance subscription amount. Consequent to the allotment, the Company’s current paid-up equity share capital has increased from ₹18.54 crore, to ₹18.95 crore, The newly allotted equity shares shall rank pari-passu with the existing equity shares of the Company.
Commenting on the development, Mr. Sanjay J. Patel, Managing Director, Tembo Global Industries Limited, said:
“The proposed stock split reflects our commitment to creating long-term value for shareholders and improving market accessibility for a broader investor community. By reducing the face value of our shares, we aim to enhance liquidity and encourage greater retail participation. The successful conversion of warrants into equity further reinforces investor confidence in Tembo’s growth journey and strengthens our capital base as we continue to pursue strategic expansion opportunities.”
The Company believes that the stock split will facilitate greater participation from retail investors, improve trading volumes, and further strengthen shareholder engagement, while maintaining the intrinsic value and overall capital structure of the business.
The record date for the proposed stock split will be announced after obtaining shareholders’ approval through the forthcoming Extraordinary General Meeting (EGM).
Incorporated in 2010, Tembo Global Industries stands as 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 for a range of installations including industrial, commercial, utility, and OEM. The company also engages in the trade of metal products that complement its manufacturing operations. The Company is a fabrication and installation specialist in ductile pipes, HDB pipes and fittings, and MS plate. Its products are certified and approved by Underwriter’s Laboratory Inc. (USA) and FM Approval (USA) for Fire Sprinkler System Installations. As an export-driven enterprise, Tembo has earned the distinction of a 2 Star Export House. In 2023, Tembo ventured into the EPC (Engineering, Procurement, and Construction) contracting arena, securing orders from prestigious infrastructure clients. Additionally, the Company has interests in the textile trading market. In 2024, the Company further diversified into manufacturing of defence products and entered in solar power.