Tembo Global Industries Limited announced the outcome of its Board Meeting held on December 26, 2025. The board approved several key decisions, including an increase in borrowing powers under Sections 180(1)(a) and 180(1)(c) of the Companies Act, 2013. Additionally, the company's board sanctioned investments, loans, and guarantees exceeding the limits prescribed by Sections 186 and 185 of the Companies Act, 2013. They also approved material related party transactions between the company and its subsidiaries, associates, and group companies. A significant decision was the approval of a Scheme of Amalgamation between Tembo Global Infra Limited and Tembo Global Industries Limited, subject to statutory and regulatory approvals. The amalgamation aims to achieve economies of scale, leverage combined assets, improve cash flows, and enhance shareholder value. The share exchange ratio for the amalgamation is 24.6768 equity shares of Tembo Global Industries for every one equity share of Tembo Global Infra. Furthermore, Mr. Piyush Jashbhai Patel was appointed as an Additional Director (Non-Executive, Non-Independent) effective December 26, 2025, pending shareholder regularization. Mr. Patel has over 40 years of experience in marketing, trading, and project administration. The board also approved the alteration of the Memorandum of Association (MOA) to include a new clause related to providing guarantees and securities. In other developments, the board ratified the appointment of M/s KKCA Valuers LLP as the valuer for the proposed merger and discussed the proposal for the issuance of Non-convertible Debentures (NCDs). The resignation of Mr. Firdose Vandrevala as Non-Executive Director, effective December 20, 2025, was noted. The board also approved the notice for an Extraordinary General Meeting (EOGM), including the cut-off date for voting rights and the closure of the Share Transfer Books. M/s. D. M. Zaveri & Co. was appointed as the Scrutinizer for the EOGM.