Tembo Global Industries to issue bonus shares in the ratio of 1:1
Tembo Global Industries got the approval from its Board to issue bonus shares after the approval of shareholders.
Company : Tembo Global Industries Limited
Board of Directors at Tembo Global Industries considered issuing bonus shares in the ratio of 1:1. This means 1 bonus equity shares of value Rs.10 each for every 1 equity shares of value Rs.10 each held as on the record date. The record date for issuing the bonus shares will be announced on due course.
The Board at Tembo Global Industries also approved the increase in authorized share capital of the company from Rs.55 core (divided into 55 lacs shares of value Rs.10 each) to Rs.11 crore (divided into 1.10 crore shares of value Rs.10 each).
Tembo Global Industries manufacture and fabricate various steel products which are meant for its application in Pipe hangers , Support Systems, HVAC Systems, Anti-vibration System and Equipment for construction Industrial, Commercial, Utility and OEM Installations & also manufacture metal and base metal products like G. I. nuts, various types of bolts, clamps, hangers etc. Further our Product Portfolio includes all types of bathroom pipes, fittings, bathroom accessories and sanitary wares