Artificial Electronics Intelligent Material Limited board approved a rights issue of equity shares aggregating up to ₹16,601.75 lakh on September 17, 2026.

Board Approval and Issue Details

The Board of Directors, in a meeting held at the company’s registered office in Kanchipuram, Tamil Nadu, approved the issuance of equity shares with a face value of ₹10 each. The issue price and specific entitlement ratio were not disclosed in the immediate filing but will be detailed in the Letter of Offer.

The company currently has 2,76,69,590 outstanding equity shares. Post-issue figures depend on the final subscription levels and terms to be determined by the Rights Issue Committee constituted by the board.

Key Terms of the Rights Issue

Regulatory Compliance and Next Steps

The disclosure is made pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board also approved the appointment of intermediaries and the constitution of a Rights Issue Committee to finalize terms, including the treatment of fractional entitlements.

The trading window for designated persons remains closed until 48 hours after the conclusion of the board meeting, as per SEBI insider trading regulations. The company was formerly known as Datasoft Application Software (India) Limited.

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.