Tembo Global Industries has officially joined the BSE Main Board, with trading commencing effective October 15, 2026. The exchange approved the listing of 19,35,51,980 equity shares of face value ₹1 each.

The listing marks a significant milestone for the company’s expansion in the defense manufacturing sector. This move is expected to enhance visibility and liquidity for investors interested in the domestic defense production landscape.

Listing Details and Regulatory Approval

The approval was granted by BSE Limited vide letter reference no. LO/DL/PJ/TP/375/20269-27 dated October 14, 2026. The company informed the exchange pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Managing Director, Sanjay Jashbhai Patel, signed the intimation letter confirming receipt of the listing and trading approval. Trading members are now permitted to do business in the equity shares of the company.

Strategic Partnership for Ammunition Production

In a parallel development, Tembo Global Industries announced a partnership with Belgium-based Lachaussée SA. The collaboration focuses on establishing an ammunition production line within India.

The project carries an estimated investment value of approximately €50 million. This initiative aligns with the broader push for indigenous defense manufacturing capabilities. The proposed facility is expected to have an annual production capacity of around 100 million rounds, subject to agreed terms and project implementation plans.

Separately, the Company has entered into a technology tie-up with a strategic European partner that includes a 100% production buyback arrangement. These initiatives form part of the Group's broader efforts to develop domestic arms and ammunition manufacturing capabilities.

Defence Manufacturing Timeline and Licenses

The subsidiary, Tembo Classic Engineering Private Limited, has received a government licence for ammunition manufacturing and has also obtained a small-arms manufacturing licence. Its defence manufacturing facility in Amravati, Maharashtra, is under development, with commercial production targeted for Q1 FY2028.

Drone Technologies and UAV Expansion

Drone and UAV technologies represent another important area of the Tembo Group's expansion strategy. Through JR UAV Limited, a joint venture with international partners, the Group is pursuing opportunities in specialised UAV component manufacturing. This initiative supports the Group's efforts to participate in the growing unmanned systems ecosystem.

The Group is also exploring potential collaboration with a defence public-sector undertaking following the signing of a non-disclosure agreement, with discussions focused on the possible development of indigenous defence products.

Key Operational Focus Areas

The company’s strategic roadmap highlights several critical domains:

• Defense Manufacturing: Strengthening local production capacities through licensed facilities.
• Small Arms & Ammunition: Enhancing product lines through international technology transfer and new production lines.
• Drone Technologies: Expanding into unmanned aerial systems via JV structures.

Tembo Global Industries has received in-principle approval for the listing of its equity shares on the main board of BSE.

Regulatory milestone for Tembo Global

The in-principle approval from BSE marks a key step in Tembo Global Industries' transition to the main board, signalling the exchange's acceptance of the company's eligibility for listing under the applicable regulatory framework.