Tembo Global Industries has scheduled an Extraordinary General Meeting (EGM) on July 10, 2026, to seek shareholder approval for the sub-division of its equity shares. The board proposes to split each existing share with a face value of ₹10 into 10 equity shares of ₹1 each to enhance liquidity and broaden retail participation. The record date to determine shareholder eligibility is July 3, 2026.

EGM and Voting Details

The EGM will be held via Video Conferencing (VC) or Other Audio-Visual Means (OAVM) at 12:30 P.M. IST. Remote e-voting will commence on July 7, 2026, at 09:00 A.M. and conclude on July 9, 2026, at 05:00 P.M. Shareholders holding shares as on the record date are eligible to vote. The notice was dispatched to members on June 18, 2026.

Stock Split Resolution

The resolution seeks approval to sub-divide the company's authorised share capital of ₹30 crore, divided into 3 crore equity shares of ₹10 each, into 30 crore equity shares of ₹1 each. The issued, subscribed, and paid-up capital of ₹18.54 crore will also be adjusted proportionately. The split is subject to the approval of the statutory and regulatory authorities.

Adjustments to Securities

The board will make necessary adjustments to outstanding warrants and stock options under the 'Tembo Global Industries - Employee Stock Options Scheme 2025' to ensure the aggregate rights and monetary consideration of holders remain unchanged. These adjustments are consequential to the split and do not require further shareholder approval. Mrs. Amita Karia, Practicing Company Secretary, has been appointed as the Scrutinizer for the voting process.

Tembo Global Industries Limited reported a 46.7% growth in revenue to Rs 1,090 crores for FY26, supported by strong execution across its core businesses. The company disclosed this during its earnings call held on June 05, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Management attributed the performance to enhanced operating leverage and a shift towards margin-accretive segments, with EBITDA growing by 55.4% and PAT increasing by 79.7%.

Financial Performance and Outlook

The engineering solutions segment remained the primary growth driver, fueled by demand from infrastructure-linked sectors such as oil and gas, marine, water, and EPC. The company’s order book stands at Rs 1,548 crores, supported by a bidding pipeline exceeding Rs 2,200 crores. Looking ahead to FY27, the company targets revenues of approximately Rs 1,600 crores, representing growth of 30% to 40%. The management projects a consolidated PAT margin in the range of 10% to 12% for the year.

Strategic Diversification and Expansion

FY26 marked significant progress in diversification. The company qualified as an L1 bidder for a prestigious offshore project in Kuwait valued at approximately Rs 300 crores. Solar power projects are progressing as planned and are expected to be operational by the end of Q2 FY27. In defense manufacturing, the company secured licenses for small arms and ammunition, with revenue contributions anticipated from Q4 FY27. The defense segment is expected to contribute 5% to 10% of the projected FY27 revenue.

Capital Allocation and Capacity

The company plans to add debt of Rs 300 to Rs 350 crores by FY27 to fund CAPEX for solar and defense projects, along with working capital arrangements. For the solar vertical, the total project cost is around Rs 600 crores, of which Rs 300 crores has been spent to date. Capacity expansion in the engineering segment, ramping up from 18,000 MTA to 1,00,000 MTA, will be fully operational over the next two to three years. No further CAPEX is planned for FY28.

Long-term Targets

Management outlined an ambitious long-term target of achieving a Rs 20,000 crore top line by 2030. For the defense sector, the first full year of operations is expected to generate a top line of Rs 300 to Rs 400 crores, with a PAT of Rs 170 to Rs 180 crores. The company is also focusing on scaling up its export business, having secured a 2 Star Export House Certification.