Ambica Agarbathies promoter group increased its total shareholding to 46.08% following a preferential allotment of 8,48,600 equity shares. The transaction, valued at ₹2,12,15,000, was disclosed under SEBI (SAST) Regulations on August 29, 2026.

The Board had previously approved the issue at an price of ₹25 per share, including a premium of ₹15 over the face value. The allotment raised the company’s total equity capital from ₹17,17,74,000 to ₹18,02,60,000.

Shareholding Changes

The preferential issue was fully subscribed by four promoter entities, each acquiring 2,12,150 shares. This acquisition brought the combined holding of the promoter group and persons acting in concert (PAC) from 43.41% to 46.08%.

The remaining promoter group members retained their existing stakes, with no changes in pledged shares except for a nominal reduction in percentage terms due to dilution. Ramachandra Rao Alapati G N V S A continues to hold 2,000 pledged shares.

Corporate Governance Updates

The Board appointed Mr. Jineshwar Kumar Sankhala as the scrutinizer for the voting process at the upcoming AGM. The notice for the 31st Annual General Meeting, scheduled for September 29, 2026, along with the Directors’ report and annexures, was approved during the board 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