Annouancement under Regulation 30 SEBI (LODR), 2015
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The Board of Directors of Artificial Electronics Intelligent Material Ltd (formerly Datasoft Application Software India Ltd) met on 16th December 2025 and approved five key items. Ms. Rapala Virtanen Tarja Hannele's designation was changed from Additional Non-executive Non-independent Director to Additional Non-executive Independent Director. The company will seek Special Economic Zone (SEZ) Unit Notification for its unit at Kosala Industrial Park, Nava Raipur, Chhattisgarh, intended for manufacturing of semiconductor materials and electronic components. A proposal was also approved for constructing a new building at the same Chhattisgarh site for industrial and commercial operations. The Board further approved applying for central and state government grants, subsidies, and incentives including capital investment, interest subvention, R&D, and export promotion schemes. An Extra-Ordinary General Meeting (EGM) has been scheduled for 7th January 2026 at 3:00 PM via video conferencing to seek shareholder approvals.
The combination of SEZ status pursuit, semiconductor materials manufacturing plans, new facility construction, and pursuit of government grants signals a strategic expansion push that could enhance future revenue potential. Shareholders should watch the EGM on 7th January 2026 for any related resolutions requiring their vote, which could dilute equity or approve capital expenditure commitments.