NewsCorporate ActionsAEIM Bolsters Capital Base with Rs. 39 Crore Equity Allotment and Rs. 47.2 Crore Convertible WarrantsAEIM Bolsters Capital Base with Rs. 39 Crore Equity Allotment and Rs. 47.2 Crore Convertible Warrants
Artificial Electronics Intelligent Material Limited (AEIM) has allotted 97,53,750 equity shares at Rs. 40 per share to non-promoter investors, raising Rs. 39.02 crores. The company's paid-up equity share capital increased from Rs. 16.97 crores to Rs. 26.72 crores. Additionally, AEIM issued 1,18,00,000 convertible warrants at Rs. 40 each to the promoter group, potentially raising Rs. 47.20 crores if fully converted within 18 months. The equity shares were allotted to 105 non-promoter investors, while the warrants were issued to three promoter group members.
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Artificial Electronics Intelligent Material Limited (AEIM), formerly known as Datasoft Application Software India Limited, has announced a significant capital raising initiative through a preferential allotment of equity shares and convertible warrants. The company's board of directors approved these measures in a meeting held on November 17, 2025.
Equity Share Allotment
AEIM has allotted 97,53,750 fully paid-up equity shares at Rs. 40.00 per share to non-promoter category investors. This move has raised Rs. 39.02 crores for the company. The allotment price represents a premium of Rs. 30.00 over the face value of Rs. 10.00 per share.
Impact on Share Capital
Following this allotment, AEIM's paid-up equity share capital has increased from Rs. 16.97 crores to Rs. 26.72 crores. The number of outstanding shares has grown from 1,69,65,840 to 2,67,19,590.
Convertible Warrants Issuance
In addition to the equity allotment, AEIM has also issued 1,18,00,000 convertible warrants to the promoter and promoter group category. These warrants are priced at Rs. 40.00 each, with a potential to raise Rs. 47.20 crores if fully converted.
Key details of the warrant issuance include:
- Conversion period: Within 18 months from the date of allotment
- Conversion ratio: One equity share for each warrant
- Initial payment: 25% of the warrant price paid upfront
- Balance payment: 75% to be paid before exercising the conversion option
Potential Impact on Share Capital
If all warrants are converted into equity shares, AEIM's paid-up share capital could further increase to Rs. 38.52 crores, comprising 3,85,19,590 equity shares.
Allottee Details
The equity shares were allotted to 105 non-promoter category investors, with individual allotments ranging from 12,500 to 3,75,000 shares. Some of the larger allottees include:
| Allottee Name | Number of Shares |
|---|---|
| Hulas Chand Lalwani | 3,75,000 |
| Sheetal Shah | 3,12,500 |
| Muskan Kankaria | 2,87,500 |
| Kavitha Jain | 2,75,000 |
| Santosh Devi Lalwani | 2,50,000 |
The convertible warrants were allotted to three members of the promoter group:
| Allottee Name | Number of Warrants |
|---|---|
| Eswara Rao Nandam | 46,00,000 |
| Uma Nandam | 46,00,000 |
| Vishaal Nandam | 26,00,000 |
Implications
This capital raising initiative suggests that AEIM is looking to strengthen its financial position, possibly for expansion or strategic investments. The participation of both non-promoter investors and the promoter group indicates confidence in the company's future prospects.
Investors should note that the potential conversion of warrants over the next 18 months could lead to further equity dilution. However, it also represents a significant influx of capital that could fuel the company's growth plans.
Historical Stock Returns for Artificial Electronics Intelligent
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.99% | -10.57% | +5.49% | -43.55% | -42.74% | +135.42% |
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