Description
Automobile Products of India Ltd. has fixed April 9, 2026 as the record date for a rights issue of 19 equity shares at Re.1/- each for every 10 equity shares held. Trading in the scrip will be on an ex-rights basis from April 9, 2026.
Summary
BSE has notified trading members that Automobile Products of India Ltd. (BSE Code: 505032) has fixed a record date for a Rights Issue of equity shares. Effective April 9, 2026, all transactions in the company’s equity shares must be conducted on an ex-rights basis.
Key Points
- Company: Automobile Products of India Ltd. (BSE Code: 505032)
- Record Date: April 9, 2026
- Rights Ratio: 19 new equity shares for every 10 equity shares held
- Issue Price: Re. 1/- per share (at par), payable on application
- Share Face Value: Re. 1/- each
- Ex-Rights Date: April 9, 2026 (Settlement No. DR-607/2026-2027)
- Segment: Dematerialised Securities – Rolling Settlement Segment
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action notification under BSE’s listing compliance framework.
Compliance Requirements
- Trading members must ensure all transactions in Automobile Products of India Ltd. equity shares are executed on an ex-rights basis with effect from April 9, 2026.
- Members should update their systems to reflect the ex-rights adjustment from the specified settlement date.
Important Dates
| Event | Date |
|---|---|
| Circular Date | April 8, 2026 |
| Record Date | April 9, 2026 |
| Ex-Rights Basis Effective From | April 9, 2026 |
| Settlement Number | DR-607/2026-2027 |
Impact Assessment
This rights issue has a moderate impact on existing shareholders of Automobile Products of India Ltd. The ratio of 19 new shares for every 10 held (1.9:1) represents a substantial dilution event. Shareholders who do not participate in the rights issue will face proportional dilution of their holdings. The issue price of Re. 1/- at par may offer value depending on the prevailing market price. Trading members and investors should factor in the ex-rights adjustment when placing orders from April 9, 2026 onwards.
Impact Justification
Routine corporate action notice for a rights issue affecting existing shareholders of Automobile Products of India Ltd. The 19:10 ratio is significant but limited to shareholders of a single smaller-cap company.