Artificial Electronics Intelligent Material Ltd — Updates, 12-06-2025: Company Update

Artificial Electronics Intelligent Material Limited has announced a board meeting outcome including the appointment of two Independent Directors, Mr. Alan M Wagner and Mr. S Balasubramanian, each for a five-year term. The Board has reconstituted its Audit, Stakeholders Relationship, and Nomination & Remuneration Committees with these appointments. The company plans preferential allotment of up to 1.25 Cr equity shares at ₹40 each, aggregating to ₹49.87 Cr to Non-promoters and up to 1.18 Cr convertible warrants at ₹40 each, aggregating to ₹47.20 Cr to promoters, both subject to shareholder approval. A new Secretarial Auditor, M/s. Jitendra Parmar & Associates, has been appointed for five years. The 33rd AGM will be held via video conferencing to seek approvals for these matters.