Tembo Global Industries Approves 1:10 Stock Split; Converts 4.05 Lakh Warrants into Equity Shares

Tembo Global Industries Limited (NSE: TEMBO), a leading engineering and industrial solutions company, today 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 ₹10 will be subdivided into 10 equity shares having a face value of ₹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).

Source : Equity Bulls

Keywords

TemboGlobalIndustries StockSplit WarrantsConversion