Artificial Electronics Intelligent Material Limited filed its Draft Letter of Offer for a proposed rights issue on September 18, 2026. The filing marks the next procedural step following the board's approval of the capital raise on September 17, 2026.

The company, formerly known as Datasoft Application Software (India) Limited, submitted the document to BSE Limited pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The draft is also available on the company’s website.

Issue Details and Use of Proceeds

The proposed rights issue aims to raise up to ₹16,601.75 lakh by issuing equity shares with a face value of ₹10 each. While the specific issue price and entitlement ratio are yet to be finalized, the proceeds will primarily fund incremental working capital requirements.

The net proceeds will be deployed towards meeting the company's working capital needs, estimated at ₹13,000 lakh, and general corporate purposes. The company has appointed MUFG Intime India Private Limited as the Registrar to the Issue and ICICI Bank Limited as the Banker to the Issue.

Regulatory Compliance and Intermediaries

The submission confirms that none of the promoters or directors are wilful defaulters. The company has received in-principle approval from BSE Limited for the listing of the rights equity shares. The Rights Issue Committee, constituted by the board, will finalize the remaining terms, including the treatment of fractional entitlements and the record date.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE072B01027/eb986042-f2d0-4a96-b4e0-a189c1418717.pdf

Artificial Electronics Intelligent Material Limited shareholders approved all four ordinary resolutions at its 34th Annual General Meeting held on September 11, 2026. The scrutinizer report confirmed a total voter turnout of 37.69% of outstanding shares, with all proposals passing by an overwhelming margin.

The consolidated e-voting results were finalized on September 11, 2026, and submitted to the BSE on September 14, 2026. The meeting was conducted via video conferencing in compliance with SEBI (LODR) Regulations and the Companies Act, 2013.

Voting Results Overview

A total of 10,428,518 votes were polled out of 27,669,590 shares held as on the record date of September 4, 2026. The promoter group held 6,911,384 shares (100% participation), while public non-institutional shareholders held 20,736,934 shares with a 16.96% participation rate. Public institutional shareholders did not cast any votes.

Resolutions Approved

All four ordinary resolutions received more than 99.99% support from valid votes polled. The approvals included:

1. Adoption of Audited Standalone and Consolidated Financial Statements for FY26.
2. Reappointment of Eswara Rao Nandam as Director.
3. Approval of Material Related Party Transaction with Polymatech Electronics Limited.
4. Approval of Material Related Party Transaction with AIMOTO Works Private Limited.

Promoter Voting Restrictions

For the two related-party transactions (Resolutions 3 and 4), the 6,911,384 votes cast by the promoter group were declared invalid as they were interested parties. Consequently, these resolutions were passed based solely on the votes of public non-institutional shareholders, who voted in favour by 99.998%. No invalid votes were recorded for the financial statements or director reappointment resolutions.

The scrutinizer, Jitendra Parmar & Associates, confirmed that no invalid votes were found outside the promoter group for the related-party deals. The company disclosed these outcomes under Regulation 30 and Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.