API Rights Issue Oversubscribed 501.96%, Allots 1.4 Mn Shares

Automobile Products of India Ltd's Rights Issue, which opened on April 15, 2026, and closed on April 24, 2026, was significantly oversubscribed by 501.96%. The company received ₹70,24,550 on application. Following the finalization of the allotment basis, the Board of Directors approved the allotment of 1,399,415 fully paid-up equity shares at an issue price of ₹1/- per share on April 28, 2026. This allotment increases the company's post-issue paid-up share capital to ₹62,17,071/-.