Artificial Electronics Withdraws ₹166 Crore Rights Issue

Artificial Electronics Intelligent Material Ltd announced that its Board of Directors, in a meeting held on November 2, 2026, approved the withdrawal of a proposed Rights Issue. The issue was intended to raise up to ₹16,601.754 Lakhs (₹166.02 Crore). The company cited prevailing unfavorable market conditions and capital market volatility as reasons for this decision. The Board indicated that fundraising plans may be reconsidered at a future date when market conditions are more favorable.