Akanksha Power and Infrastructure Ltd. (APIL) has officially announced the allotment of 1,062,694 equity shares on a preferential basis following a Board meeting held on January 17, 2025. The allotment price for each share is Rs. 144, which includes a premium of Rs. 134 per share. The shares have been allotted to various non-promoter allottees, as specified in the Annexure I attached to the notification.

Key Details of the Allotment

• Total shares allotted: 1,062,694 equity shares.
• Face value: Rs. 10 per share.
• Price per share: Rs. 144 (including a premium of Rs. 134 per share).
• Post-Allotment Capital: The paid-up equity share capital of the company now stands at Rs. 19,58,12,140, comprising 19,581,214 equity shares of Rs. 10 each.

Nature of the Allotment

The allotment is in accordance with the Special Resolution passed at the Extraordinary General Meeting (EGM) held on October 26, 2024, and follows the In-principal approval received from the National Stock Exchange (NSE) on January 3, 2025. The equity shares allotted are set to rank pari passu with the existing equity shares of the company, and these shares will be listed on the National Stock Exchange.

Breakdown of Allottees

The shares were allotted to 33 non-promoter allottees, including individuals and firms. The distribution of shares among the allottees ranges from 2,000 to 106,000 shares per allottee, as shown in Annexure I. This allotment is part of the company’s strategy to raise capital and improve its equity base.

Board Meeting Timings

The Board meeting that resulted in this allotment commenced at 4:30 PM and concluded at 10:30 PM on January 17, 2025.

Impact on Shareholding

Following the preferential allotment, the shareholding of the allottees has been updated, with new holdings ranging from 0.02% to 0.54% of the total equity share capital. The company’s capital structure is expected to be strengthened through this issue, positioning it for future growth opportunities.

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