Intimation of In-principle approval received for the issue of 1,24,67,500 Equity Shares and 1,18,00,000 Convertible warrants.
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Artificial Electronics Intelligent Material Ltd (formerly Datasoft Application Software India Ltd) received in-principle approval from BSE for issuing 1,24,67,500 equity shares to non-promoters and 1,18,00,000 convertible warrants to the promoter on a preferential basis. The issue price is Rs. 40 per share/warrant (Rs. 10 face value + Rs. 30 premium). At this price, the total capital raise potential is around Rs. 97 crores. The promoter portion involves conversion of warrants into equity. The approval from BSE dated November 3, 2025 is an initial clearance; the company must still complete allotment and apply for listing within 20 days of allotment.
Significant equity dilution ahead as nearly 2.43 crore shares/warrants will be issued, which may weigh on the stock in the short term. However, the capital infusion (around Rs. 97 crores at issue price) could strengthen the company's balance sheet and fund growth. Shareholders should watch for the allotment announcement and any associated lock-in periods.