We wish to inform you that the Letter of Offer along with the issue materials have been duly dispatched to all eligible equity shareholders as on the Record Date, i.e., April 09, 2026.
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Automobile Products of India Limited has dispatched its Letter of Offer for a Rights Issue to all eligible equity shareholders as of the Record Date (April 09, 2026). The company is issuing up to 14,00,000 fully paid-up equity shares at ₹1 per share (at face value with zero premium), aggregating up to ₹14 lakhs. The issue ratio is 19 rights shares for every 10 shares held. Importantly, the Promoter (Kiyana Real Estate Private Limited holding 84.71%) has agreed to forego their entitlement to reduce their shareholding and comply with SEBI's Minimum Public Shareholding (MPS) requirements. The issue opens on April 15, 2026 and closes on April 24, 2026.
The rights issue is being offered at face value (₹1), which is the minimum possible price. Existing shareholders can buy shares at this low price, but the primary purpose is regulatory compliance with MPS rules rather than raising capital for business growth. The stock may see dilution pressure in the short term.