We wish to inform you that the terms of the letter of offer dated April 03, 2026, the Rights Issue opened on Wednesday, April 15, 2026, and closed on Friday, April 24, 2026, with over subscription ....
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Automobile Products of India Ltd completed a Rights Issue that opened on April 15, 2026 and closed on April 24, 2026. The issue was heavily oversubscribed at 501.96%, with applications for 70,24,550 shares against an offered 13,99,415 shares. The company allotted the full 13,99,415 equity shares at an issue price of Rs. 1 per share (at par, with zero share premium). The total capital raised from this rights issue amounts to approximately Rs. 13.99 lakh. Post-allotment, the company's paid-up share capital stands at Rs. 62,17,071. The filing does not disclose the intended use of proceeds.
The massive oversubscription (over 5x) signals strong investor confidence in the company, and the Rs. 1 issue price at par with zero premium is a favourable terms for existing shareholders participating in the rights issue.