AGM/EGM16 Oct 2026, 08:50 pm
Asian Petroproducts EGM: Approve 96 Lakh Equity Shares for Loan Conversion
AI Summary
Asian Petroproducts & Exports Ltd has announced a Revised Notice of Extra-Ordinary General Meeting (EOGM) to be held on November 6, 2026, via VC/OAVM. The primary agenda is to approve the issuance of up to 96,00,000 equity shares on a preferential basis to promoters and the promoter group. These shares will be issued for non-cash consideration, specifically for the conversion of existing unsecured loans aggregating up to ₹9,60,00,000 (₹96 Crore). The face value of each equity share is ₹10, and they will be issued at par.
Key Highlights
- EGM scheduled for November 6, 2026, via VC/OAVM.
- Proposal to issue 96,00,000 equity shares.
- Shares to be issued to promoters for loan conversion.
- Total value of loan conversion is ₹9.60 Crore.
- Issuance is on a preferential basis at par.
Price Impact
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