News Corporate Actions Artificial Electronics Intelligent Material Limited Allots 9.5 Lakh Equity Shares Through Warrant ConversionArtificial Electronics Intelligent Material Limited Allots 9.5 Lakh Equity Shares Through Warrant Conversion
Artificial Electronics Intelligent Material Limited completed the allotment of 9,50,000 equity shares on January 30, 2026, through the conversion of convertible warrants by promoter Uma Nandam at Rs 40.00 per warrant. The conversion raised Rs 2,85,00,000 and increased the company's paid-up capital to Rs 27,66,95,900. Uma Nandam's shareholding expanded from 4.94% to 8.21%, with 36,50,000 warrants remaining for potential future conversion.
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Artificial Electronics Intelligent Material Limited announced the successful allotment of 9,50,000 fully paid-up equity shares through the conversion of convertible warrants on January 30, 2026. The Board of Directors approved this significant capital structure enhancement during their meeting held at the company's registered office in Tamil Nadu.
Warrant Conversion Details
The allotment involved the conversion of 9,50,000 convertible warrants out of a total 1,18,00,000 convertible warrants held by Ms. Uma Nandam, a promoter group member. The conversion was executed at an issue price of Rs 40.00 per warrant, including a premium of Rs 30.00 per warrant.
| Parameter | Details |
|---|---|
| Warrants Converted | 9,50,000 |
| Issue Price per Warrant | Rs 40.00 |
| Premium per Warrant | Rs 30.00 |
| Face Value per Share | Rs 10.00 |
| Total Consideration Received | Rs 2,85,00,000 |
| Remaining Warrants | 36,50,000 |
Financial Impact and Capital Structure
The warrant conversion generated Rs 2,85,00,000 in cash consideration, representing 75.00% of the total warrant exercise price. The company had previously received Rs 4,60,00,000 as the initial 25.00% consideration during the first tranche when the warrants were originally allotted on November 17, 2025.
The allotment resulted in a significant increase in the company's paid-up equity share capital:
| Capital Structure | Before Allotment | After Allotment |
|---|---|---|
| Paid-up Capital | Rs 26,71,95,900 | Rs 27,66,95,900 |
| Number of Shares | 2,67,19,590 | 2,76,69,590 |
| Face Value per Share | Rs 10.00 | Rs 10.00 |
Promoter Shareholding Enhancement
Uma Nandam's shareholding position strengthened considerably following the warrant conversion. Her equity holding increased from 13,20,812 shares representing 4.94% of the company to 22,70,812 shares representing 8.21% of the expanded share capital.
| Shareholding Details | Pre-Conversion | Post-Conversion |
|---|---|---|
| Number of Shares | 13,20,812 | 22,70,812 |
| Percentage Holding | 4.94% | 8.21% |
| Shares Added | - | 9,50,000 |
Regulatory Compliance and Next Steps
The allotment was conducted in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The newly allotted equity shares will rank pari passu with existing equity shares in all respects.
The company confirmed it will apply to the stock exchange for listing and trading approval of the newly allotted equity shares in due course. With 36,50,000 convertible warrants still outstanding, Uma Nandam retains the option for further conversions, which could potentially increase her shareholding further and provide additional capital to the company.
Historical Stock Returns for Artificial Electronics Intelligent
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.95% | -22.54% | -30.33% | -3.91% | -58.34% | +4,223.94% |
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