Rights Issue11 April 2026 at 12:11 pm
APIL dispatches Letter of Offer for ₹14 Lac Rights Issue
AI Summary
Automobile Products of India Ltd (APIL) has dispatched the Letter of Offer and issue materials for its Rights Issue to all eligible equity shareholders as of the Record Date, April 09, 2026. The issue involves offering up to 1,400,000 fully paid-up equity shares of face value ₹1 each, at an issue price of ₹1 per share, aggregating ₹14,00,000. The rights are offered to public shareholders in the ratio of 19 equity shares for every 10 fully paid-up equity shares held. The company has also submitted the Letter of Offer to SEBI and received 'in-principle' approvals from BSE for listing the equity shares to be allotted.
Key Highlights
- Letter of Offer for Rights Issue dispatched to eligible shareholders.
- Issue comprises 1.4 million equity shares at ₹1 each, totaling ₹14 lakhs.
- Rights offered in ratio of 19 shares for every 10 held.
- Record Date for eligibility was April 09, 2026.
- BSE 'in-principle' approval received for listing new shares.