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.
