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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Automobile Products of India Ltd has informed BSE that its Board of Directors, at a meeting held on February 9, 2026, approved a Rights Issue of equity shares with a face value of ₹1 each for an aggregate amount of up to ₹14 Lakhs. The exact number of shares and the issue price will be decided by the Board later, and the offer will be made to eligible shareholders as on a record date to be notified in due course. The purpose of this small fund-raising is to comply with the Minimum Public Shareholding (MPS) requirement under applicable rules. The company had previously intimated this matter on February 3, 2026. Detailed disclosures have been attached as Annexure-A as per SEBI's listing regulations.
The issue size is very small (₹14 Lakhs), so the financial dilution is minimal. The move is primarily aimed at meeting Minimum Public Shareholding norms rather than raising meaningful capital, and shareholders should watch for the record date and issue price announcement.