In continuation of the outcome of Board meeting dated February 09, 2026, wherein the Board approved the issuance of equity shares of face value of Rs. 1 each of the Company ( Rights Equity ....
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Automobile Products of India Ltd has announced a rights issue of equity shares with face value of Rs. 1 each, for an amount not exceeding Rs. 14,00,000. The Board has fixed Thursday, April 09, 2026 as the Record Date to determine eligible equity shareholders who will receive Rights Entitlement. This follows the Board's earlier approval dated February 09, 2026. The company is proceeding with the rights issue in compliance with SEBI (ICDR) Regulations, 2018 and Listing Regulation 42.
This is a small-scale rights issue of Rs. 14 lakhs, indicating the company is raising capital from existing shareholders. Setting the record date means the issuance process is moving forward, and eligible shareholders will receive rights entitlements to maintain their ownership stake.