Tembo Global Approves 1:10 Stock Split and Conversion of Warrants
Tembo Global approved a 1:10 stock split, subdividing ₹10 face value shares into ₹1 face value shares. The board also approved the conversion of 4,05,000 warrants into equity shares, raising ₹8.65 crore. This increases the paid-up capital to ₹18.95 crore.
The stock split can increase trading volume and shareholder base. The conversion of warrants and subsequent capital increase are positive financial developments for the company.
The stock split is expected to improve liquidity and accessibility, while the conversion of warrants strengthens the company's capital structure and brings in funds.
Tembo Global Industries Limited announced that its Board of Directors, in a meeting held on June 16, 2026, approved a stock split of its equity shares. Each existing equity share with a face value of ₹10 will be sub-divided into 10 equity shares with a face value of ₹1 each. This move aims to enhance liquidity and make the shares more accessible to a wider investor base.
The Board also approved an ordinary resolution for the alteration of the share capital clause in the Memorandum of Association of the Company, subject to shareholder approval at the forthcoming Extraordinary General Meeting (EGM). The record date for the stock split will be decided and intimated in due course after shareholder approval.
Furthermore, the company approved the conversion of 4,05,000 convertible warrants into an equal number of equity shares of face value ₹10 each, on a preferential basis. This conversion has brought in ₹8.65 crore (₹8,65,68,750) at an issue price of ₹213.75 per warrant (75% of the issue price). Following this conversion, the company's paid-up capital has increased from ₹18.54 crore to ₹18.95 crore. The new equity shares allotted will rank pari passu with the existing equity shares.
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Tembo Global Industries Limited filed this with the NSE as a statutory disclosure, categorised under stock split. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Tembo Global Industries Limited. Read the original for the full detail.