Tembo Global Lists on BSE Main Board, Eyes Defence Manufacturing

Tembo Global Industries Limited has successfully listed its equity shares on the Main Board of BSE Limited. This milestone signifies the company's strategic pivot towards defence manufacturing, with a particular focus on small arms, ammunition, and drone technologies through its subsidiary, Tembo Classic Engineering Private Limited. Key initiatives include a proposed €50 million ammunition production line in India with Belgium-based Lachaussee SA, targeting 100 million rounds annually, and a technology tie-up with a European partner for a 100% production buyback. The company has secured government licenses for ammunition and small-arms manufacturing, with its Amravati facility expected to commence commercial production in Q1 FY2028. Additionally, through a joint venture JR UAV Limited, Tembo is exploring opportunities in specialized UAV component manufacturing. These moves align with India's 'Make in India' and 'Aatmanirbhar Bharat' initiatives.