Ambica seeks nod to allot shares to promoter group at ₹25
Ambica Agarbathies Aroma & Industries Ltd has scheduled an Extraordinary General Meeting on June 30, 2026, to approve the preferential allotment of 8,48,600 equity shares to the promoter group at ₹25 per share, including a premium of ₹15, to raise ₹2,12,15,000 for working capital. The issue price is based on the higher of the 90-day or 10-day volume weighted average price. The company reported a net profit of ₹344.74 lakh for FY26.
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Ambica Agarbathies Aroma & Industries Ltd has scheduled an Extraordinary General Meeting (EGM) on June 30, 2026, to seek shareholder approval for the preferential allotment of 8,48,600 equity shares to members of the promoter group. The board approved the proposal during its meeting on May 30, 2026, setting the issue price at ₹25 per share, including a premium of ₹15 per share, to raise an aggregate amount of ₹2,12,15,000. The funds are intended to meet the working capital requirements of the company.
Preferential Allotment Details
The issuance involves 8,48,600 fully paid-up equity shares of ₹10 each. The allottees include Satrasala Lavanya Gupta, Perla Ambica Ramachandran, Alapati Karthik Hanuma Kumar, and Alapati Lakshmana Ramachandra Ambica Eswar, all belonging to the promoter group. The issue price was determined in accordance with Chapter V of the SEBI (ICDR) Regulations, 2018, based on the higher of the 90-day or 10-day volume weighted average price preceding the relevant date of May 29, 2026. The 90-day average price was ₹23.63, and the 10-day average price was ₹24.86.
| Sr. No | Name of the Proposed Allottee | No. of Equity Shares | Amount (₹) |
|---|---|---|---|
| 1. | Satrasala Lavanya Gupta | 2,12,150 | 53,03,750 |
| 2. | Perla Ambica Ramachandran | 2,12,150 | 53,03,750 |
| 3. | Alapati Karthik Hanuma Kumar | 2,12,150 | 53,03,750 |
| 4. | Alapati Lakshmana Ramachandra Ambica Eswar | 2,12,150 | 53,03,750 |
| Total | 8,48,600 | 2,12,15,000 |
EGM and Voting Process
The EGM will be held at 11:00 AM at the company's registered office in Shankar Towers, Power pet, Eluru, Andhra Pradesh. Mr. Jineshwar Kumar Sankhala has been appointed as the Scrutinizer to oversee the voting process. The cut-off date to determine shareholder eligibility for voting is June 23, 2026. Remote e-voting will commence on June 27, 2026, at 9:00 AM and conclude on June 29, 2026, at 5:00 PM.
Financial Performance
For the financial year ended March 31, 2026, the company reported a net profit of ₹344.74 lakh, a significant increase from ₹48.86 lakh in the previous year. Total income for FY26 stood at ₹14,954.02 lakh, compared to ₹12,892.18 lakh in FY25. The Agarbathies Division contributed ₹11,583.75 lakh in segment revenue, while the Hotel Division contributed ₹3,370.27 lakh. The statutory auditors, M/s. Ramasamy Koteswara Rao & Co LLP, issued an unmodified opinion on the financial results.
Historical Stock Returns for Ambica Agarbathies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.01% | -0.12% | +3.19% | -3.42% | -14.82% | +23.06% |
How will the infusion of ₹2.12 crore specifically impact the company's operational efficiency or production capacity in the Agarbathies and Hotel divisions?
Given the significant profit growth in FY26, does the company plan to utilize any internal accruals for future expansion, or will it continue to rely on equity infusions for working capital?
What strategic initiatives are being considered to sustain the revenue growth momentum seen in the Agarbathies Division during the upcoming fiscal year?
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