Pre- Issue Advertisement regarding the Rights issue of the Company.
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Awaiting price reaction for this filing.
Automobile Products of India Limited has published a pre-issue advertisement for a Rights Issue of equity shares. The company is offering 19 equity shares for every 10 fully paid-up equity shares held, at an issue price equal to face value (Rs 1 per share with Rs 0 premium), aggregating not more than Rs 14,00,000. The issue opens on April 15, 2026 and closes on April 24, 2026, with last date for renunciation being April 20, 2026. The company is listed on BSE since 1960 with promoter Kiyana Real Estate Private Limited holding the promoter stake. Applications must be submitted through ASBA process only.
Existing shareholders will receive rights entitlements in their demat accounts. The 19:10 ratio means significant dilution (for every 10 shares held, shareholders get rights to 19 new shares). Shareholders can subscribe, renounce, or let entitlements lapse. The small issue size of Rs 14 lakh suggests this may be a relatively minor capital raise.