Asian Petroproducts Plans Fund Raise via Equity & Warrants

Asian Petroproducts and Exports Limited announced a board meeting where it considered and approved a fund-raising plan. This includes the issuance of 96,00,000 equity shares at par to promoters for converting unsecured loans, 1,00,00,000 convertible warrants at par to promoters for cash, and 40,00,000 equity shares at par to non-promoters for cash. Additionally, the company scheduled an Extraordinary General Meeting (EGM) for November 6, 2026, to approve these proposals. The board meeting was held on October 15, 2026, and concluded within 25 minutes.