Tembo Global Industries Lists on BSE Main Board, Strengthens Focus on Defence Manufacturing, Small Arms, Ammunition and Drone Technologies

India : Tembo Global Industries Limited has listed its equity shares on the Main Board of BSE Limited, marking an important milestone in the Company’s growth journey. The listing ceremony was attended by Mr. Sanjay J. Patel, Managing Director of Tembo Global Industries Limited, along with members of the Company’s leadership team.

Alongside its established engineering and industrial businesses, the Company is strengthening its strategic focus on defence manufacturing through its subsidiary, Tembo Classic Engineering Private Limited. Its key areas of focus include small arms, ammunition and unmanned aerial vehicle (UAV) technologies, reflecting the Group’s ambition to develop specialised manufacturing capabilities and participate in India’s evolving defence and aerospace ecosystem.

A key initiative in the Company’s defence manufacturing strategy is its collaboration with Belgium-based Lachaussee SA to establish an ammunition production line in India. The proposed project, valued at approximately €50 million, is expected to have an annual production capacity of around 100 million rounds, subject to agreed terms and project implementation plans. Separately, the Company has entered into a technology tie-up with a strategic European partner that includes a 100% production buyback arrangement. These initiatives form part of the Group’s broader efforts to develop domestic arms and ammunition manufacturing capabilities and strengthen its presence in India’s defence manufacturing sector.

The subsidiary has received a government licence for ammunition manufacturing and has also obtained a small-arms manufacturing licence. Its defence manufacturing facility in Amravati, Maharashtra, is under development, with commercial production targeted for Q1 FY2028. These developments form part of the Group’s broader plans to establish a presence in arms and ammunition manufacturing while building the capabilities required to serve relevant domestic and international markets.

Drone and UAV technologies represent another important area of the Tembo Group’s expansion strategy. Through JR UAV Limited, a joint venture with international partners, the Group is pursuing opportunities in specialised UAV component manufacturing. This initiative supports the Group’s efforts to participate in the growing unmanned systems ecosystem. The Group is also exploring potential collaboration with a defence public-sector undertaking following the signing of a non-disclosure agreement, with discussions focused on the possible development of indigenous defence products.

These initiatives align with India’s Make in India and Aatmanirbhar Bharat objectives by promoting domestic manufacturing, technology development and self-reliance in defence production. Through its focus on small arms, ammunition and UAV technologies, the Company aims to strengthen its manufacturing capabilities, build strategic partnerships and explore opportunities in domestic and international defence markets.

Commenting on the listing and the Company’s strategic priorities, Mr. Sanjay J. Patel, Managing Director, Tembo Global Industries Limited, said:

“The listing on the Main Board of BSE marks an important milestone in Tembo Global Industries’ growth journey. Alongside our established engineering businesses, we are strengthening our focus on defence manufacturing, particularly small arms and ammunition, while expanding our presence in the emerging drone and UAV technology ecosystem.”

Our partnership with Lachaussee SA and initiatives through JR UAV Limited reflect our commitment to developing domestic manufacturing capabilities, fostering strategic partnerships and exploring indigenous defence solutions. We believe these initiatives align with India’s Make in India and Aatmanirbhar Bharat objectives and offer opportunities to build sustainable long-term value for our shareholders.”

The BSE listing is expected to enhance the Company’s capital-market visibility and investor engagement as it pursues its broader growth strategy.

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