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Artificial Electronics Intelligent Material Limited has announced a board meeting to appoint two Independent Directors, Mr. Alan M Wagner and Mr. S Balasubramanian, for a five-year term, subject to members' approval. The Board also reconstituted key committees, with Mr. Balasubramanian as Chairperson of Audit, Stakeholders Relationship, and Nomination & Remuneration Committees. The company plans to raise approximately ₹49.87 Cr through the preferential issue of 1.25 crore equity shares to non-promoters and ₹47.2 Cr via 1.18 crore convertible warrants to promoters, both priced at ₹40 per share/warrant, subject to shareholder approval. M/s. Jitendra Parmar & Associates has been appointed as Secretarial Auditor for five years. The 33rd AGM will be held via video conferencing to approve these matters.
All announcements from Artificial Electronics Intelligent Material Ltd