Automobile Products of India Ltd — Important, 28-04-2026: Company Update

Automobile Products of India Limited has allotted 13,99,415 fully paid-up equity shares from its rights issue. The issue saw significant investor interest, being oversubscribed by 501.96% and receiving approximately Rs. 0.70 Cr in application money. Each new share was allotted at Re 1. This successful allotment, totaling about Rs. 0.14 Cr in new capital, increases the company's post-issue paid-up share capital to approximately Rs. 0.62 Cr. This move strengthens the company's equity base and reflects robust market confidence.