Automobile Products of India Limited has announced a rights issue of up to 14,00,000 fully paid equity shares at par value, seeking to raise Rs. 14,00,000 from eligible shareholders. The company published pre-issue advertisements on April 12, 2026, in compliance with SEBI regulations.

Rights Issue Details

The rights issue offers equity shares with a face value of Rs. 1.00 each at an issue price of Rs. 1.00 per share, including a premium of Rs. 0.00 per equity share. The key parameters of the issue are structured as follows:

Issue Timeline

The rights issue follows a structured timeline with specific dates for different activities:

The Board of Directors retains the right to extend the issue period, but not exceeding 30 days from the issue opening date. No withdrawal of applications will be permitted after the issue closing date.

Application Process and ASBA Requirements

All investors must apply through the Application Supported by Blocked Amount (ASBA) process as mandated by SEBI regulations. The ASBA process requires investors to have an enabled bank account with Self Certified Syndicate Banks (SCSBs) prior to application submission.

Key application requirements include:

• Single application form for all rights entitlements in a particular demat account
• Separate application forms required for multiple demat accounts
• Plain paper applications accepted with complete SEBI-specified details
• Mandatory PAN details for all applicants (except specific exempted categories)
• Authorization for SCSBs to block application money in ASBA accounts

Rights Entitlement and Credit Process

Rights entitlements will be credited to demat accounts of eligible equity shareholders holding shares in dematerialized form. For shareholders with specific circumstances, entitlements will be credited to a demat suspense account, including:

• Shares held in IEPF authority accounts
• Frozen demat accounts or unclaimed suspense accounts
• Physical shareholdings without provided demat account details
• Shares under dispute or court proceedings
• Non-institutional equity shareholders in the United States

Eligible shareholders must provide relevant details including self-attested PAN copies and client master sheets by Tuesday, April 21, 2026, to facilitate transfer from suspense accounts.

Company Background and Key Personnel

Automobile Products of India Limited was originally incorporated on September 12, 1949, under the Indian Companies Act, 1913. The company's shares have been listed on BSE Limited since April 26, 1960. The registered office is located at Unit No. F-1, 1st Floor, Shanti Nagar Co-Operative Industrial Estate Limited, Vakola, Santacruz (East), Mumbai.

Important Disclaimers and Regulatory Compliance

The company confirms that no specific investors have been recognized for allotment in any under-subscribed portion, and promoters will not renounce in favor of any specific investor. BSE Limited's permission for the issue should not be construed as approval of the Letter of Offer's contents.

The Letter of Offer and application forms are available on the company's website at www.apimumbai.com , the registrar's website, and BSE's website. Issue materials will be dispatched only to eligible shareholders who have provided Indian addresses to the company.

Investors can access dedicated helpdesks and submit queries through the registrar's website for guidance on the application process and resolution of difficulties. All grievances relating to the ASBA process should be addressed to the registrar with complete details including folio numbers, demat account information, and SCSB branch details.

Automobile Products of India Limited has finalized the complete terms of its rights issue following the board meeting held on April 03, 2026. The board has approved comprehensive details including the issue price, entitlement ratio, and confirmed the record date as April 09, 2026, for its ₹14,00,000 equity fundraising initiative.

Board Meeting Outcome and Rights Issue Structure

The board meeting, which commenced at 05:30 p.m. and concluded at 07:00 p.m., approved the issuance of 14,00,000 fully paid equity shares of face value ₹1 each, aggregating to ₹14,00,000. The rights issue maintains a competitive pricing structure with shares offered at par value.

Entitlement Ratio and Eligibility

The board has fixed the rights entitlement ratio at 19:10, meaning eligible shareholders will receive 19 new equity shares for every 10 existing shares held as on the record date. The company will ignore fractional entitlements as per SEBI Rights Issue Circular dated January 22, 2020.

Comprehensive Timeline and Key Dates

The company has established a detailed schedule for the rights issue process, with specific dates for each phase of the offering. The rights entitlements will be credited to eligible shareholders' demat accounts under the new RE-ISIN INE0NY120012 prior to the issue opening.

Documentation and Regulatory Compliance

The board has adopted and approved the Letter of Offer and other issue-related documents to be filed with BSE Limited and the Securities and Exchange Board of India. Company Secretary and Compliance Officer Ankit Patel has signed the official communication, ensuring proper regulatory disclosure under Regulation 30 of the Listing Regulations.

The Letter of Offer will be dispatched to eligible equity shareholders as on the record date in due course, in compliance with applicable laws and regulations. The board retains the right to extend the issue period as determined, provided the issue does not remain open for more than 30 days from the opening date.