With Reference to in - principle application made by company dated on 19th june, 2025 regarding the preferntial issue of fully paid-up Equity shares by company. We would like to inform ....
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Artificial Electronics Intelligent Material Ltd has received trading approval from BSE for a preferential issue of 97,53,750 fully paid-up equity shares allotted to non-promoter allottees. The shares have a face value of Rs. 10 each and were issued at a premium of Rs. 30 per share, implying an issue price of Rs. 40 per share. The in-principle approval for this preferential issue was originally sought on 19th June 2025, and trading in the new shares commenced on 11th March 2026. This expands the company's equity base through private placement to non-promoter investors rather than a public offer.
Existing shareholders will see their stake diluted by the addition of 97.53 lakh new shares (roughly 37% increase based on distinctive number range from 1.69 crore to 2.67 crore). The Rs. 30 premium over face value suggests incoming non-promoter investors are paying above par, which is mildly positive for valuation perception, though retail investors should watch for any related-party or concentrated allottee concerns.