Ambica Agarbathies approved a preferential allotment of 8,48,600 equity shares to its promoter group at an issue price of ₹25 per share. The transaction raises total proceeds of ₹2,12,15,000. The Board also scheduled the company’s 31st Annual General Meeting for September 29, 2026.

The allotment was executed in compliance with the Companies Act, 2013 and SEBI (ICDR) Regulations. The issue price includes a premium of ₹15 per share over the face value. Four promoter entities subscribed to the entire tranche, with each receiving an equal allocation of 2,12,150 shares.

Allotment Details

The preferential issue was fully subscribed by members of the promoter group. The distribution of shares among the allottees is as follows:

Corporate Governance Updates

The Board appointed Mr. Jineshwar Kumar Sankhala (Practicing Company Secretary, membership number A21697) as the scrutinizer for the voting process at the upcoming AGM. The notice for the 31st AGM, along with the Directors’ report and annexures, was also approved during the meeting held on August 25, 2026.

Ambica Agarbathies Aroma & Industries Limited shareholders have approved the issuance of 8,48,600 equity shares on a preferential basis at the Extraordinary General Meeting (EGM) held on June 30, 2026. The resolution received 99.9999% approval, with 94,92,287 votes cast in favour and only 2 against. The meeting was chaired by Ambica Krishna, Chairman and Managing Director, at the company's registered office in Shankar Towers, Powerpet, Eluru. The approval enables the company to proceed with raising capital to meet its working capital requirements.

The preferential issue aims to raise ₹2,12,15,000 based on a fixed issue price of ₹25 per share. The pricing was determined in accordance with Regulation 164(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, considering the higher of the 90-day and 10-day volume weighted average prices. A pricing certificate certifying the minimum issue price was obtained from M/s. P S Rao & Associates, Practising Company Secretaries.

The funds raised through this issuance are proposed to be utilized within three months from the date of allotment of equity shares to the respective allottees. The proposed allottees include Satrasala Lavanya Gupta, Perla Ambica Ramachandran, Alapati Karthik, and Alapati Lakshmana Ramachandra Ambica Eswar. Post-issue, the total shareholding of these allottees will aggregate to 4.708% of the company's equity share capital.

Preferential Issue Details

Proposed Allottees