Announcement under regulation 30 (LODR) - Preferential Issue

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Price reactionminutes from the announcement price · days from the prior close

-5.0%Reaction day

₹284.25

prior close

₹270.05

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-4.6% vs market

Other Electrical Equipment peers, median of 39sector-1.3%-3.7% vs sector

On the reaction day the stock moved 4.6 pts less than Nifty Microcap 250 and 3.7 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-5.0-0.3-4.6-1.3-3.7

Next day

-9.7-0.0-9.7-1.4-8.3

-14.2-1.0-13.2-1.8-12.4

-18.5-1.3-17.2-2.7-15.8

-22.6-3.1-19.5-5.2-17.3

-26.5-2.8-23.6-3.1-23.3

-33.6-2.1-31.5-1.5-32.1

15d

-51.3+1.6-52.8-1.1-50.2

-56.2+1.4-57.7-2.8-53.5

-66.6-2.7-63.9-6.7-59.9

-57.5+0.1-57.6+1.9-59.3

UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 39Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Artificial Electronics Intelligent Material Ltd (formerly Datasoft Application Software India Ltd) held a board meeting on June 12, 2025, and approved multiple actions. The board approved a preferential issue of up to 1,24,67,500 equity shares at ₹40 each (face value ₹10, premium ₹30), aggregating about ₹49.87 crore, to 133 non-promoter allottees. It also approved issuing up to 1,18,00,000 convertible warrants at ₹40 each to 3 promoter group members (Nandam family), aggregating ₹47.20 crore, with 25% payable upfront and 75% on conversion within 18 months. Two new Independent Directors were appointed for 5-year terms: Mr. Alan M Wagner (CEO of Nisene Technology Group, a US semiconductor equipment firm) and Mr. S Balasubramanian (ex-Defense with 30+ years in project operations). The board also appointed M/s. Jitendra Parmar & Associates as Secretarial Auditor for 5 years and fixed July 12, 2025 as the date for the 33rd AGM via video conferencing.

Likely market impact

The combined preferential equity and warrants issue of nearly ₹97 crore will dilute existing shareholders significantly, with promoter holdings rising and non-promoter group expanding from about 16% to over 65% post-issue. The stock may face short-term dilution pressure, though the promoter participation signals confidence. Retail investors should watch for the issue price relative to prevailing market price once shareholder approval is sought at the July 12, 2025 AGM.