Tembo Global Fined ₹1.67 Lakh by NSE for Compliance Lapses
Tembo Global Industries Limited has been fined ₹1.67 lakh by the NSE for failing to pass a special resolution for a director over 75. The company cited an inadvertent oversight and stated there is no material impact beyond the penalty.
The company explicitly stated that apart from the monetary penalty of ₹1.67 lakh, there is no material impact on its financial, operational, or other activities.
The company received a monetary penalty from the NSE due to non-compliance with SEBI regulations.
Tembo Global Industries Limited has been fined ₹1,67,560 (including GST) by the National Stock Exchange of India Limited (NSE) for non-compliance with Regulation 17(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company failed to pass the requisite special resolution for the continuation of directorship of Mr. Firdose Vandrevala upon his attaining the age of 75 years.
The company received the communication from NSE on February 27, 2026. Tembo Global stated that this non-compliance was an inadvertent oversight and not intentional. They have assured that internal compliance monitoring mechanisms have been strengthened to prevent future occurrences.
Apart from the monetary penalty, the company has clarified that there is no material impact on its financial, operational, or other activities.
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Tembo Global Industries Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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