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Artificial Electronics Intelligent Material LtdUpdates, 17-06-2025: Company Update

17-06-2025 | 04:09 pm

Artificial Electronics Intelligent Material Limited has announced a board meeting to create an offer for preferential issue and allotment of equity shares, subject to member approval. The corrected details clarify the names and numbers of proposed allottees: 124 investors for equity shares and 3 for convertible warrants. Post-issue, promoters’ holdings will increase significantly, with key promoters holding up to 14.36%, and total shares issued potentially rising to 2.7 crore equity shares and 1.18 crore convertible warrants. This capital raise aims to strengthen financial resources and broaden the shareholder base.

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