Board Meeting9 Jul 2026, 06:20 pm
Aerpace Industries Approves Issuance of 1.5 Cr Warrants
AI Summary
Aerpace Industries Limited's Board of Directors has approved the issuance of up to 1,50,00,000 Convertible Warrants to the promoter group on a preferential basis. Each warrant is convertible into one equity share at an issue price of ₹32.55 per warrant, aggregating ₹48.82 crore. The company also approved the appointment of Ms. Anshu Shukla Pandey as an Additional Independent Director and Mr. Nikunj Pramodkumar Kampani and Mr. Rajnish Kumar as advisors. Additionally, the Board will seek shareholder approval for credit facilities up to ₹70 crore from Punjab National Bank via postal ballot.
Key Highlights
- Board approves issuance of 1.5 crore convertible warrants.
- Warrants to be issued on preferential basis to promoter group.
- Total fundraise from warrants amounts to ₹48.82 crore.
- Independent director and advisors appointed to the Board.
- Company to seek approval for ₹70 crore credit facility.
Price Impact
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