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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The Board of Automobile Products of India Limited has approved the final terms for a rights issue of up to 14,00,000 equity shares of face value Rs. 1 each. Existing shareholders on the record date (April 9, 2026) will receive 19 rights shares for every 10 shares held (19:10 ratio). The issue price is fixed at Rs. 1 per share (at par, with zero premium), aggregating to Rs. 14 lakh. The rights issue opens on April 15, 2026 and closes on April 24, 2026, with listing expected by May 1, 2026. The company had approved this rights issue in its February 9, 2026 board meeting, and the Letter of Offer will be filed with SEBI and BSE.
The rights issue is for a modest amount of Rs. 14 lakhs at face value, suggesting minimal immediate dilution impact. However, the 19:10 entitlement ratio (nearly 2x existing holdings) will significantly dilute existing shareholders who do not participate.