Innomet Advanced Materials has secured a purchase order worth ₹1,22,24,882 from Federal-Mogul Goetze (India) Ltd for the supply of copper-infiltrant. The order, received on July 8, 2026, strengthens the company's order book within the ordinary course of business and involves a domestic listed counterparty.

The purchase order, numbered 3010362789, entails the delivery of copper-infiltrant IPL96. The execution of the order is required to be made in accordance with the delivery schedule specified in the purchase order. Federal-Mogul Goetze (India) Ltd is listed on the NSE and BSE, with the transaction classified as a non-related party deal conducted at arm's length.

The disclosure was made to the National Stock Exchange of India Limited on July 9, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Saritha Devi Chilakapati, Whole-Time Director & CFO of Innomet Advanced Materials.

Order Details

Innomet Advanced Materials Limited’s board has approved the preferential allotment of 9.5 lakh securities to raise capital, split between equity shares for non-promoters and warrants for promoters. The issuance is priced at ₹131 per security, a premium over the price determined under Regulation 164 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company will seek shareholder approval for these proposals at an Extraordinary General Meeting scheduled for August 5, 2026.

Preferential Allotment Details

The board approved the issuance of up to 4,50,000 equity shares of ₹10 each to the non-promoter category. Additionally, it approved the issuance of up to 5,00,000 equity share warrants to the promoter category. These warrants are fully convertible into, or exchangeable for, equity shares at the option of the allottees. The issue price of ₹131 applies to both the equity shares and the warrants.

Investor Categories and Warrant Terms

The non-promoter allotment includes RNR Wealth Management Private Limited and Rich 'N Rich Finance and Holdings Limited. The promoter warrants will be issued to Saritha Devi Chilakapati and Chilakapati Lakshmi Kanthamma.

The warrants are convertible into one fully paid-up equity share of ₹10 each. The conversion period is 18 months from the date of allotment. Allottees must pay 25% of the warrant issue price at the time of subscription, with the remaining 75% payable upon exercising the conversion right. Unexercised warrants will lapse, and the initial amount paid will be forfeited.

Shareholder Approval and Process

The board convened an Extraordinary General Meeting on August 5, 2026, via video conferencing to secure shareholder approval. Mr. Malireddy Ramana Reddy, Practicing Company Secretary from P.S. Rao & Associates, was appointed as the scrutinizer for the meeting. The issuance is subject to regulatory and statutory approvals.

Breakdown of Securities Allotment