We hereby inform you that the Board of Directors in its board meeting held today has considered, approved and allotted 9,50,000 Equity Shares pursuant to the conversion of warrants as per ....
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The board of Artificial Electronics Intelligent Material Limited (AEIM) has allotted 9,50,000 fully paid-up equity shares of face value Rs. 10 each, pursuant to the conversion of warrants held by promoter Ms. Uma Nandam. These warrants were originally issued on 17 November 2025 at Rs. 40 per warrant (including Rs. 30 premium), and the promoter has now paid the remaining 75% amount, bringing in Rs. 2.85 crore to the company. This is part of a larger pool of 1,18,00,000 convertible warrants, of which Ms. Uma Nandam holds 46,00,000. Following this allotment, the company's paid-up equity capital has risen from Rs. 26.72 crore to Rs. 27.67 crore. The promoter's shareholding in the company has increased from 4.94% to 8.21% as a result of this conversion.
This is a positive signal as the promoter is putting in additional cash into the company, increasing her stake from 4.94% to 8.21%, showing confidence in the business. The Rs. 2.85 crore inflow strengthens the company's capital, though dilution for existing non-promoter shareholders is modest at about 3.6% (9.5 lakh new shares out of 2.77 crore total).