Tembo Global Industries Limited has announced an Extra-Ordinary General Meeting (EGM) scheduled for Tuesday, March 24, 2026, at 12:30 PM IST, to be conducted through Video Conferencing/Other Audio-Visual Means. The EGM will address several significant business matters requiring shareholder approval. Key resolutions to be considered include increasing the limit for investments, loans, and guarantees under Section 186 of the Companies Act, 2013, up to ₹3500 crore. Shareholders will also vote on approving advance loans, guarantees, or securities under Section 185 of the Companies Act, 2013, up to an aggregate amount of ₹500 crore to subsidiaries, associates, and group entities. Furthermore, the company proposes to raise funds aggregating to ₹50 crore by issuing non-convertible debentures (NCDs) on a private placement basis. Additionally, the EGM will seek approval for material related party transactions with subsidiaries, associates, and group companies, with a combined value not exceeding ₹1500 crore for Tembo Classic Engineering Private Limited and ₹2500 crore for four other companies. The company also plans to increase its borrowing limits to ₹2500 crore and grant powers to create charges on company assets to secure these borrowings. Amendments to the object clause of the Memorandum of Association to include guarantees and securities will also be voted upon. In terms of corporate governance, the EGM will address the appointment of Mr. Piyush Jashbhai Patel as Non-Executive Director and Mr. Ankit Bhaskar as Independent Director. The notice of the EGM, along with the explanatory statement, is available on the company's website and the websites of the stock exchanges.
