Automobile Products of India Ltd

Dematerialisation/rematerialisation status

• RTA confirmed dematerialisation requests for the quarter.
• Dematerialised securities have been listed on the relevant stock exchanges.
• Physical certificates for dematerialisation were mutilated and cancelled after verification, with depository name substituted as registered owner.

AGM details

• Date/time/mode: Sep 29, 2026, 3:00 pm IST, VC/OAVM.
• AGM concluded at 3:31 pm IST.
• Record date: Sep 18, 2026; on-record shareholders: 4,024.
• Attendance: Promoters 1, Public 15 via video.

Resolutions and outcomes

• Item 1: Adoption of audited financial statements; passed.
• Turnout: 84.38% of outstanding shares; in favour 52,45,822; against 0.
• Item 2: Re-appointment of Siddharth Agarwal as Director by rotation; passed.

Voting process and report

• Scrutinizer appointed for remote e-voting and AGM voting.
• Remote e-voting period: Sep 25–28, 2026; voting at AGM via NSDL.
• Combined Scrutinizer report enclosed as Annexure I.

AGM details

• Date: 29 September 2026, Time: 03:00 p.m. IST, Mode: VC/OAVM.

Resolutions

• Ordinary: Adoption of Audited Financial Statements for year ended March 2026.
• Ordinary: Re-appointment of Siddharth Agarwal as Director by rotation.

Voting status

• Results pending; to be announced after Scrutinizer's report.

Automobile Products of India Limited — Closure of Trading Window from Thursday, October 01, 2026 till 48 (forty-eight) hours after the announcement of the Unaudited Financial Results for the quarter and half year ending September 30, 2026.

AGM details

• 75th AGM scheduled for 29 September 2026 at 03:00 PM IST via VC/OAVM.
• FY2025-26 annual report and AGM notice to be sent to members in due course.
• Notice and annual report will be available on the company's website.
• Meeting conducted in compliance with Companies Act 2013 and LODR regulations.

Issue overview

• Type of issue: Rights issue of equity shares.
• Total issue size and net proceeds: no undersubscription or revision observed.
• Main objectives: meet issue-related expenses and for general corporate purposes.

Utilisation of proceeds

• Utilisation as per offer document; no deviations observed.
• No changes in allocation or means of finance.
• Issue-related expenses fully utilised; General corporate purpose fully utilised.
• Unutilised funds: zero; funds deployed.
• GCP breakdown: 0.018 crore on monitoring agency fees; 0.010 crore on printing stationery.

Governance and compliance

• Approvals obtained: BSE in-principal, listing approvals and statutory filings.
• Material events: none reported affecting viability.
• Monitoring Agency declares true and fair view; no conflict of interest.

GCP details

• Total GCP utilised: 0.028 crore; 0.018 on monitoring agency fees; 0.010 on printing.
• Board approval obtained for allocation under the rights issue.

Financial results and audit

• Unaudited Q1 FY2026 results approved; Limited Review Report unmodified.
• Standalone results approved; no consolidated figures disclosed.

Going concern and financial condition

• Net worth eroded as of 30 June 2026; going concern based on holding company support.
• Dependent on continued support from holding company and promoters.

Rights issue and public shareholding

• Rights issue completed on 28 Apr 2026: 13,99,415 equity shares issued.
• Total proceeds from rights issue: Rs 13.99 lakhs.
• Public shareholding rose to 34.36% post-issue.
• Utilised for issue-related expenses: Rs 11.19 lakhs.
• Utilised for general corporate purposes: Rs 2.80 lakhs.
• BSE penalty for minimum public shareholding; waiver application filed.