Aki India Limited has informed the Exchange regarding Outcome of Board Meeting held today i.e. Wednesday, 4th June, 2025
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Awaiting price reaction for this filing.
AKI India Limited's board met on 4th June 2025 (4:30 PM to 5:00 PM) and approved receipt of the 5th tranche of consideration for 1,46,73,782 convertible warrants, out of a total 1,74,41,782 warrants issued on a preferential basis. The 5th tranche brings in Rs. 5.66 crore from five allottees at Rs. 18.71 per warrant (including a premium of Rs. 16.71). Allottees include Mohammad Ajwad (Managing Director), Muhammad Asim, Prabodh Sharma, Mohammad Tahir, and Aviral Sharma, spanning promoter and non-promoter categories. This is the latest instalment of a multi-tranche capital raise process that began in January 2024, with cumulative consideration of roughly Rs. 25.56 crore received across all five tranches. Around 27.68 lakh warrants are still pending consideration from this preferential issue.
The fresh capital inflow strengthens AKI India's funding position, but eventual conversion of these warrants will dilute existing public shareholders. The participation of promoter Mohammad Ajwad signals insider confidence, though retail investors should factor in the pending ~27.68 lakh warrants that could add further supply once converted.