Tembo Global Industries Limited has announced a series of strategic decisions following its board meeting on June 16, 2026.
The company approved a 1:10 stock split and the conversion of convertible warrants into equity shares, aiming to improve market accessibility and liquidity.
The board approved a stock split where each existing equity share with a face value of ₹10 will be split into 10 equity shares with a face value of ₹1.
Additionally, the company has converted 4,05,000 convertible warrants into equity shares, issued at ₹285 per share.
The stock split aims to enhance market liquidity and make shares more affordable to a wider investor base, thereby boosting trading volumes.
The warrant conversion aligns with the company's capital restructuring efforts.
The stock split requires shareholder approval at an upcoming Extraordinary General Meeting (EGM).
Upon approval, the process is expected to be completed within approximately 3 months. The record date for the stock split will be announced post-approval.
The changes will be implemented following shareholder approval at the EGM. The authorised capital will shift from 3,00,00,000 shares of ₹10 each to 30,00,00,000 shares of ₹1 each, maintaining the total value at ₹30,00,00,000.
Sanjay Jashbhai Patel and Smita Patel are the allottees of the converted warrants, each receiving 2,02,500 equity shares. The newly allotted shares will rank equally with existing equity shares.
The new total paid-up capital increases to ₹18,95,01,980, divided into 1,89,50,198 equity shares of ₹10 each. This adjustment precedes the execution of the upcoming stock split.
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As of June 16, 2026, at 12:54 PM, Tembo Industries share price on NSE was trading at ₹568.40 up by 0.11% from the previous closing price.
Tembo Global Industries' board has approved a stock split and warrant conversion, enhancing market liquidity and restructuring its capital. The stock split awaits shareholder approval, while the warrant conversion has increased the paid-up capital to ₹18,95,01,980.
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Published on: Jun 16, 2026, 1:30 PM IST
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