Tembo Global Industries Limited announced today, December 26, 2025, that its Board of Directors has approved several key business decisions. These include an increase in borrowing powers under Sections 180(1)(a) and 180(1)(c) of the Companies Act, 2013, and approval for investments, loans, and guarantees exceeding limits prescribed by Sections 186 and 185 of the Act. The Board also sanctioned material related party transactions between the Company and its subsidiaries, associates, and group companies. A significant development is the approval of a Scheme of Amalgamation between Tembo Global Infra Limited and Tembo Global Industries Limited, subject to necessary statutory and regulatory approvals, including from the National Company Law Tribunal and shareholders. M/s KKCA Valuers LLP has been appointed as the valuer for this proposed merger. In terms of directorships, Mr. Piyush Jashbhai Patel (DIN: 01958072) has been appointed as an Additional Non-Executive Non-Independent Director, effective December 26, 2025, pending shareholder regularization. Mr. Patel brings over 40 years of experience in marketing, trading, and project administration. The Board also noted the resignation of Mr. Firdose Vandrevala as a Non-Executive Director, effective December 20, 2025. Further, the Board approved an alteration to the Object Clause in the Memorandum of Association (MOA), subject to shareholder approval at an upcoming Extraordinary General Meeting (EGM). The proposal for the issue of Non-convertible Debentures (NCD) was also discussed. The meeting, which commenced at 3:00 PM and concluded at 6:15 PM, also approved the notice for the EGM, the cut-off date for voting rights, and the closure of the Share Transfer Books and Register of Members. M/s. D. M. Zaveri & Co. has been appointed as the Scrutinizer for the EGM's ballot voting. The amalgamation scheme involves a share exchange ratio of 24.6768 Equity Shares of ₹10 each of Tembo Global Industries Limited for every 1 Equity Share of ₹10 each of Tembo Global Infra Limited. Tembo Global Industries Limited holds a 27% shareholding in Tembo Global Infra Limited, and the transaction is considered at arms-length. The rationale for amalgamation includes economies of scale, greater integration, improved cash flows, and simplified corporate structure.