NSEPress Release7 Sept 2026 · 7 Sept 2026, 11:47 am

Press Release

Tembo Global Industries Limited · TEMBO

✦ AI Summary▲ PositiveExpansion

Tembo Global Industries Ltd. has signed a Memorandum of Understanding (MoU) with Lachaussee SA, Belgium, to establish a complete production line for two types of ammunition in India. The project is valued at approximately €50 million, with deliveries scheduled for 2028 and 2029.

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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk6/10
Liquidity Impact9/10
Market Sentiment8/10

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Full Announcement

Tembo Global Industries Limited has informed the Exchange regarding a press release dated September 07, 2026, titled "Tembo Global Industries Signs MoU with Belgium s Lachaussee SA to Establish Advanced Ammunition Production Line in India".

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September 07, 2026 The Manager – Listing Department National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 051 Dear Sir/ Madam, Ref: Symbol- TEMBO (ISIN: INE869Y01028) Subject: Press Release Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the press release titled “Tembo Global Industries Signs MoU with Belgium’s Lachaussee SA to Establish Advanced Ammunition Production Line in India” We request you to take the above on record. Thank you, Yours faithfully, For Tembo Global Industries Limited Sanjay Jashbhai Patel Managing Director DIN: 01958033 Tembo Global Industries Signs MoU with Belgium’s Lachaussee SA to Establish Advanced Ammunition Production Line in India €50 Million Strategic Partnership to Produce 100 Million Rounds of Ammunition Annually Mumbai, September 7, 2026: Tembo Global Industries Ltd. (NSE: TEMBO), a diversified engineering and manufacturing company, today announced that its subsidiary, Tembo Classic Engineering Pvt. Ltd., has entered a Memorandum of Understanding (MoU) with Lachaussee SA, Belgium, to establish a complete production line for two types of ammunition in India. Under the proposed partnership, Tembo Classic Engineering Pvt. Ltd. will collaborate with Lachaussee SA to set up a complete production line for manufacturing two types of ammunition. The facility is expected to have a production capacity of approximately 100 million rounds per year. The project is valued at approximately €50 million, with deliveries scheduled for 2028 and 2029. This MoU marks an important step in Tembo Global Industries’ continued expansion into the defence manufacturing sector and further strengthens its engineering, manufacturing and project execution capabilities. The proposed production line also aligns with the broader Make in India vision of strengthening domestic manufacturing capabilities and building a robust defence manufacturing ecosystem within the country. Commenting on the development, Mr. Sanjay J. Patel, Managing Director, Tembo Global Industries Ltd., said: “The signing of this MOU with Lachaussee SA represents an important milestone in Tembo Global Industries’ journey in the defence manufacturing sector. This partnership brings together complementary engineering and manufacturing capabilities to establish a complete ammunition production line in India. We believe this association will further strengthen our presence in the defence manufacturing ecosystem and provide a strong foundation for sustainable growth in this strategic sector. We look forward to working closely with Lachaussee SA towards the successful execution of this project.” About Lachaussée SA Lachaussée SA, headquartered in Milmort, Belgium, is an engineering and manufacturing company with a history dating back to 1830. The company specializes in designing and manufacturing high-precision machinery and complete production lines for ammunition, primers, detonators, and other pyrotechnic components for defence and related industries. With extensive technical expertise and international experience, Lachaussée provides solutions covering equipment design, manufacturing, installation, commissioning, and technology transfer to customers across global markets. About Tembo Global Industries Ltd. (NSE: TEMBO) Incorporated in 2010, Tembo Global Industries Ltd. stands as a prominent entity in the industrial sector, specializing in the production and assembly of metal components for pipe support systems, fasteners, anchors, HVAC and anti-vibration systems, and other industrial equipment. The company also engages in trading metal products that complement its manufacturing operations. The Company is a fabrication and installation specialist in ductile pipes, HDB pipes and fittings, and MS plate. Its products are certified and approved by Underwriters Laboratories Inc. (USA) and FM Approval (USA) for Fire Sprinkler System Installations. As an export-driven enterprise, Tembo has earned the distinction of a 2-Star Export House. In 2023, Tembo ventured into the EPC (Engineering, Procurement, and Construction) contracting arena, securing orders from prestigious infrastructure clients. Additionally, the Company has interests in the textile trading market. In 2024, the Company further diversified into defence and renewables.