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

Innomet Advanced Materials Limited has secured a purchase order worth $4,63,200 from Scope Metals Group Ltd, an Israel-based company. The order, received on June 29, 2026, is for the supply of tungsten products and is valued at ₹4,38,39,795. This international order is part of the company's ordinary course of business and involves the delivery of Tungsten Class 2-Sintered Square Cube and Test Cube products according to specific ASTM and AMS standards.

Order Details

The purchase order, numbered 4600052193, was awarded by Scope Metals Group Ltd, a non-listed international entity. The company confirmed that the counterparty is not a group company of any Indian listed entity and that the transaction is not a related party transaction. The delivery of the order is required to be made in accordance with the schedule specified in the purchase order.

Financial and Regulatory Disclosures

The disclosure was made to the National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Saritha Devi Chilakapati, Whole-Time Director & CFO of Innomet Advanced Materials Limited. The company confirmed that neither the promoters nor the group companies have any interest in the entity awarding the order.

Key Order Information