Tembo Global Industries Limited on January 2, 2026, disclosed that its subsidiary, Tembo Classic Engineering Private Limited, has been granted a defence manufacturing licence by the Government of Maharashtra.
The approval allows Tembo Classic Engineering to set up a small arms manufacturing facility in Maharashtra.
The subsidiary was earlier known as Tembo Defence Products Private Limited. The company did not disclose timelines, production capacity, or capital expenditure details related to the proposed unit in its filing.
The licence follows a Memorandum of Understanding (MoU) signed with the Government of Maharashtra at the World Economic Forum 2025 held in Davos.
As per the filing, the facility is planned in collaboration with the Maharashtra Industrial Development Corporation (MIDC), Mumbai. The location is expected to fall within an MIDC industrial area, though specific site details were not mentioned.
In its press release, the company stated that the proposed facility aligns with government programmes such as ‘Make in India’ and ‘Aatmanirbhar Bharat’.
The filing also noted potential contributions to employment generation and domestic defence manufacturing, without providing quantitative estimates or projections.
Tembo Global Industries Limited is listed on the NSE and operates in industrial manufacturing and engineering. Tembo Classic Engineering functions as its subsidiary. The regulatory communication was signed by Managing Director Sanjay Patel and submitted to the exchange for record purposes.
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As of January 02, 2026, 12:59 pm, Tembo Global Industries share price was trading at ₹607.75, hitting a 4.99% upper circuit.
With the licence in place, Tembo Classic Engineering is authorised to undertake small arms manufacturing in Maharashtra. The disclosure triggered a 5% upper circuit movement in Tembo Global Industries’ stock.
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Published on: Jan 2, 2026, 3:47 PM IST
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