<h1>Automobile Products of India Ltd Subjected to Fine Over Minimum Public Shareholding Non-compliance</h1>
Automobile Products of India Ltd has faced a significant financial levy related to minimum public shareholding requirements. The company was informed by BSE regarding a fine amounting to Rs. 14,98,600/- (inclusive of GST) for non-compliance with the prescribed standards during the period spanning January 01, 2026, to May 07, 2026.
The company's compliance status regarding Minimum Public Shareholding (MPS) was addressed following a recent equity allotment action. Automobile Products of India Ltd had allotted equity shares in connection with a Rights Issue conducted on April 28, 2026.
Following the completion of the Rights Issue and subsequent allotments, the promoter shareholding stood at 65.64%. This level remains below the mandatory threshold of 75%, indicating the company continues to meet the requirements pertaining to Minimum Public Shareholding.
Stock Price Movement
Automobile Products of India Ltd settled at ₹6.18 on Thursday, edging higher after the shares rose 4.92%. The stock traded completely flat for the day, as the intraday high and low were both locked at ₹6.18.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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