Disclosure under regulation 30 of SEBI (LODR), 2015 - Rectification and correction on board meeting held on 12th June, 2025
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AEIM has filed a correction to its June 12, 2025 board meeting outcome regarding a proposed preferential allotment of equity shares and convertible warrants, subject to shareholder approval. The issue involves 124 non-promoter allottees getting a total of 1,24,67,500 equity shares and 3 promoter allottees (Eswara Rao Nandam, Uma Nandam, and Vishaal Nandam) receiving 1,18,00,000 convertible warrants. Post-issue, the allottees' combined shareholding would jump to 65.44% of the company, assuming full conversion of warrants. The rectification fixes typographic errors in the names and share counts of proposed allottees. The issue price is not disclosed in this filing.
This preferential issue will cause significant dilution for existing public shareholders, whose stake will drop from roughly 84% to about 34.56%. Promoters are taking on warrants rather than direct equity, which signals confidence but also future dilution risk upon conversion. Retail investors should watch for the issue price announcement, as preferential issues are typically priced below market.