Artificial Electronics Intelligent Material rights issue up to Rs 16,601.754 Lakhs
Board approves rights issue of Equity Shares aggregating up to Rs 16,601.754 Lakhs; record date and issue price to be decided later.
Key takeaways
- Rights issue aggregating up to Rs. 16,601.754 Lakhs approved by the Board.
- Equity Shares will have a face value of Rs. 10.00/- each under the rights issue.
- Outstanding equity shares before the Rights Issue are 2,76,69,590 Equity Shares.
- Issue price, rights entitlement ratio and record date are yet to be determined.
- Full amount of Rs. [•] per Equity Share shall be payable on application.
Key terms
- Action
- Rights issue
- Terms
- up to Rs. 16,601.754 Lakhs
- Outstanding equity shares before issue: 2,76,69,590
- Face value per Equity Share: Rs. 10.00/-
Artificial Electronics Intelligent Material Limited has announced a rights issue of Equity Shares, following approvals granted by its Board of Directors at a meeting held on Thursday, 17th September, 2026.
According to the board's outcome letter dated 17th September, 2026, the issue will be made to existing shareholders on a rights basis, with key commercial terms such as the issue price, rights entitlement ratio and record date to be finalised in due course.
Key terms (as per the board's outcome letter and Annexure – I)
- Type of issue: Rights issue of Equity Shares
- Instrument: Equity Shares having a face value of Rs. 10.00/- each
- Issue size: Aggregating up to Rs. 16,601.754 Lakhs (Rupees One Hundred Sixty-Six Crore One Lakh Seventy-Five Thousand Four Hundred Only)
- Issue price per Equity Share: Rs. [•] (to be determined)
- Number of Equity Shares to be issued: [•] Equity Shares*
- Rights entitlement ratio: [•] Rights Equity Share(s) for every [•] fully paid-up Equity Share(s) held by eligible equity shareholders as on the Record Date (to be determined by the Board of Directors in due course)
- Outstanding equity shares before the Rights Issue: 2,76,69,590 Equity Shares of Rs. 10.00/- each
- Outstanding equity shares post Rights Issue (assuming full subscription): [•] Equity Shares of Rs. 10.00/- each
- Terms of payment: Full amount of Rs. [•] per Equity Share shall be payable on application by the eligible equity shareholders
* As stated in Annexure – I, the Equity Shares offered through the Rights Issue represent the maximum number of Equity Shares that may be issued.
The company has clarified in Annexure – I that details pertaining to the issue structure, including the final issue price, the exact number of Equity Shares proposed to be offered and the Rights Entitlement Ratio, will be disclosed in the Letter of Offer and other applicable issue documents.
Eligibility and record date
The rights issue will be offered to the eligible equity shareholders of the Company as on the Record Date (to be determined in due course), as stated in point 1 of the board's outcome letter. The Record Date itself has not yet been fixed. Shareholders whose names appear on the company's register of members as on that Record Date will be eligible to apply for the rights shares in proportion to their holdings, based on the Rights Entitlement Ratio that will be announced later.
The company has also stated in Annexure – I that the detailed terms and conditions of the Rights Issue, including the procedure for application, will be specified in the Letter of Offer. This Letter of Offer will be issued through electronic mode to eligible equity shareholders holding Equity Shares of the Company as on the Record Date, in due course.
Governance and process steps
In addition to approving the rights issue, the Board has:
-
Approved the constitution of a Rights Issue Committee, comprising certain Directors of the Company, to decide matters relating to the Rights Issue. As per the board's outcome letter, this includes, inter alia, determination and/or alteration of the treatment of fractional entitlements, making applications to regulatory authorities as may be required, and finalizing the terms and conditions, structure and timing of the Rights Issue.
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Approved the appointment of various intermediaries in connection with the Rights Issue.
-
Approved the Draft Letter of Offer in connection with the Rights Issue.
The company has requested the exchange to take note of these decisions. Timelines for opening and closing of the rights issue, as well as the ex-date and record date, will follow in subsequent communications once determined by the Rights Issue Committee and the Board.
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