Tembo Global Industries shareholders approved the sub-division of equity shares at the Extraordinary General Meeting (EGM) held on July 10, 2026. The resolution received 99.99% of votes in favour, with 6,759,851 votes cast for the proposal against 75 votes against. The approval was secured through a combination of remote e-voting and e-voting conducted during the meeting via video conferencing.

Voting Results Summary

The voting process was scrutinized by Ms. Amita Karia, a Practicing Company Secretary. A total of 27 members participated in the voting process. The remote e-voting facility was open from July 07, 2026, to July 09, 2026, facilitated by Bigshare Services Private Limited.

Meeting Details

The EGM was chaired by Sanjay Jashbhai Patel, Managing Director of the company. Key Managerial Personnel, including Mrs. Fatema Shabbir Kachwala (Whole-Time Director & CFO) and Mr. Harshal Patil (Company Secretary & Compliance Officer), were present. The meeting was conducted to seek shareholder approval specifically for the sub-division of equity shares.

Tembo Global Industries reported a consolidated net profit of ₹982.32 crore for the financial year ended March 31, 2026, marking a 79.7% increase from ₹546.70 crore in the previous year. Revenue from operations for the period grew 46.6% to ₹1,09,018.62 crore from ₹74,324.98 crore in FY25. The company’s board approved the audited standalone and consolidated financial results at a meeting held on May 25, 2026.

Operational Performance

The growth in revenue was primarily driven by the Manufacturing and Trading of Engineering Products segment, which reported a revenue of ₹65,150.81 crore for the year, up from ₹33,618.76 crore in the prior year. The Trading of Fabrics and Textile Materials segment contributed ₹43,867.81 crore to the total revenue. On a standalone basis, the company recorded a net profit of ₹782.92 crore for FY26, compared to ₹407.46 crore in the previous year, with revenue from operations reaching ₹1,02,790.94 crore.

Financial Highlights

The company’s total comprehensive income for the consolidated entity stood at ₹982.32 crore for the year ended March 31, 2026. Earnings per share (EPS) on a consolidated basis improved to ₹55.11 (basic) from ₹32.77 in the previous year. The finance costs for the year amounted to ₹250.14 crore, while depreciation and amortisation expenses were recorded at ₹66.14 crore.

Consolidated Financial Results (FY26)

Strategic Developments and Disclosures

During the year, the company commenced operations at its new manufacturing facility in Vasai, which has an installed production capacity of 1 lakh metric tonnes. Consequently, capital work-in-progress related to the facility was capitalised, leading to a significant increase in fixed assets. The funds raised during the quarter were utilised to strengthen working capital and for investments in subsidiaries undertaking Defence and Solar projects.

The auditors, Karta and Company, issued an unmodified opinion on the financial results. However, they drew attention to certain export trade receivables outstanding beyond the prescribed period under FEMA/RBI regulations, for which the company has recognised an expected credit loss (ECL) provision of ₹1.02 crore. Additionally, the company recognised revenue for certain project milestones where certification by concerned parties is pending.