Announced Thu, 12 Feb · 20:47 IST

Statement of Deviation Or Variation

Fund Raising View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The board of Artificial Electronics Intelligent Material Limited approved unaudited financial results for Q3 and 9M ended December 31, 2025, along with deviation/variation statements for two prior preferential fund raises. Q3 revenue surged to Rs. 64.30 crore from Rs. 17.29 crore year-on-year, while net profit jumped to Rs. 14.45 crore from Rs. 1.92 crore. EPS rose to Rs. 5.41 from Rs. 1.13. The company reported no deviation in use of funds raised via a Rs. 28.50 crore preferential issue in October 2024, with Rs. 28.50 crore utilized across land, construction, machinery and acquisitions. For the November 2025 issue of equity shares and convertible warrants (totalling ~Rs. 97 crore), only Rs. 27 crore has been deployed toward working capital so far. A new subsidiary, Aimoto Works Private Limited, was incorporated on October 27, 2025, but has not commenced operations.

Likely market impact

Strong topline and profit growth in Q3, but shareholders should note that a large portion of the recently raised funds remains unutilized and parked for working capital, while acquisitions of companies (a stated objective of the 2024 issue) have barely progressed. No negative deviation flagged by the company or auditors.