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Artificial Electronics Intelligent Material Limited has announced a board meeting outcome where two experienced professionals, Mr. Alan M Wagner and Mr. S Balasubramanian, have been appointed as Independent Directors for five years, enhancing board expertise in semiconductor tech and project management. The company has reorganized key committees with Mr. Balasubramanian as Audit Committee Chairperson. It plans to raise approximately ₹49.87 Cr through a preferential equity share issuance to non-promoters and ₹47.20 Cr via convertible warrants to promoters, both priced at ₹40 per share/warrant, subject to member approval. The board appointed M/s. Jitendra Parmar & Associates as Secretarial Auditor for five years, subject to shareholder consent, and scheduled the 33rd Annual General Meeting via video conferencing to seek approvals on these matters.
All announcements from Artificial Electronics Intelligent Material Ltd