Ambica Agarbathies Clarifies Issue Price for Preferential Allotment of Equity Shares
Ambica Agarbathies & Aroma industries Limited announced a correction regarding the details related to its Board Meeting held on May 30, 2026. The clarification addresses a typographical error in the reported issue price for a proposed preferential allotment of equity shares.The company issued the clarification detailing that the issue price of the equity shares was inadvertently mentioned as Rs. 24/- (including a premium of Rs. 14 per share). The corrected figure confirms that the proper issue price is Rs. 25/- (including a premium of Rs. 15 per share).
According to the revised disclosure, the allotment concerns the creation, issue, and offer of up to 8,48,600 equity shares of Rs. 10/- each on a preferential basis to members of the promoter group.
The details regarding the preferential allotment of equity shares to the promoter group include:
| Particulars | Details |
|---|---|
| Type of Securities | Equity shares |
| Type of Issuance | Preferential Issue of Securities |
| Total Number of Securities | Up to 8,48,600 equity shares of Rs. 10/- each |
| Issue Price | Rs. 25/- (including premium of Rs. 15 per share) |
The allotment details are provided through Annexure A, listing four investors and the corresponding amount of equity shares proposed to be issued:
| Investor Name | Type of Security | Amount |
|---|---|---|
| Sahasala Lavanya Gupta | Equity Shares | 53,03,750 |
| Perla Ambica Ramachandran | Equity Shares | 53,03,750 |
| Alapati Karthik Hanuma Kumar | Equity Shares | 53,03,750 |
| Alapati Lakshmana Ramachandra Ambica Eswar | Equity Shares | 53,03,750 |
| Total | 2,12,15,000 |
The company noted that the correction pertains solely to the mentioned point and that all other disclosures in the outcome letter remain unchanged.
AMBICAAGAR Stock Price Movement
Shares of Ambica Agarbathies & Aroma industries Limited today slipped by 1.11% to settle at ₹23.71. The stock traded on a volume of 3,305 shares, shedding ₹0.27 compared to its previous close.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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