Asian Petroproducts to Hold EGM for Preferential Issue of 96 Lakh Shares

Asian Petroproducts & Exports Ltd has announced an Extra-Ordinary General Meeting (EGM) scheduled for November 6, 2026, to be held via Video Conferencing. The primary agenda is to approve the preferential issuance of up to 96,00,000 equity shares, with a face value of ₹10 each, to the promoter and promoter group. This issuance is for other than cash consideration, specifically for the conversion of an existing unsecured loan amounting to ₹9,60,00,000 (₹96 Crore). The shares will be issued at par, with the relevant date for determining the floor price set as October 7, 2026. The meeting will also cover other special business as detailed in the notice.