Automobile Products of India Limited Announces Rights Issue
Automobile Products of India Limited announced on April 3, 2026, that its Board has approved a rights issue of equity shares. The company plans to issue up to 14,00,000 equity shares, aggregating to an amount of ₹14,00,000.The rights issue will be offered to existing eligible shareholders in the ratio of 19 equity shares for every 10 equity shares held as on the record date. The issue price is set at ₹1 per equity share. Shareholders will be required to pay the full issue price of ₹1 per share at the application stage.
Key Dates and Details:
| Particulars | Description |
|---|---|
| Instrument | Fully paid-up Equity Shares of face value of Rs.1 |
| Rights Issue Size | 14,00,000 Equity Shares aggregating to ₹14,00,000 |
| Rights Entitlement Ratio: | 19 shares for every 10 shares held |
| Rights Issue Price: | ₹1 per Equity Share |
| Record Date: | April 09, 2026 |
| Issue Opening Date: | April 15, 2026 |
| Last Date for Renunciation: | April 20, 2026 |
| Issue Closing Date: | April 24, 2026 |
| Allotment Date (Tentative) | April 27, 2026 |
| Credit of Shares (Tentative) | April 28, 2026 |
| Listing Date (Tentative) | May 01, 2026 |
The Board or Rights Issue Committee has the flexibility to extend the issue period, but it will not exceed 30 days from the opening date. The Letter of Offer and other related documents will be filed with the Securities and Exchange Board of India and provided to eligible shareholders. The rights entitlement will be credited to shareholder accounts on or before the issue opening date.
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