Automobile Products of India Ltd — Important, 29-04-2026: Company Update

Automobile Products of India Limited (APIL) has finalized its Rights Issue, successfully allotting 13,99,415 new equity shares at Re. 1 each. The issue, designed to raise up to Rs. 14 lakh, received significant investor interest, with subscriptions reaching 360.76% of the offered shares. Valid applications were processed for over 50 lakh shares. Allottees can expect shares to be credited to their demat accounts soon, with trading anticipated to commence shortly. This capital raise boosts APIL's financial standing.