Australian Premium Solar India Limited APS with CIN L40300GJ2013PLC075244 has announced the outcome of its Board of Directors meeting held on Wednesday 4 June 2025 reporting major developments in its capital structure through preferential allotment of equity shares and convertible warrants

In compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations 2015 the company has filed its disclosure with the National Stock Exchange of India Limited NSE where it is listed under trading symbol APS and ISIN INE0P0001010

Preferential Allotment of Equity Shares

The Board has approved the allotment of 350000 equity shares at an issue price of ₹433 per share including a premium of ₹423 to non-promoter public investors This approval follows the special resolutions passed at the Extraordinary General Meeting held on 23 May 2025 and the in-principle approval from NSE dated 13 May 2025 vide letter number NSE LIST 48361

The allotment details are as follows

Following this allotment the paid-up equity share capital of the company has increased from ₹19.74 crore comprising 19740000 equity shares to ₹20.09 crore comprising 20090000 equity shares All shares allotted will rank pari-passu with existing equity shares

Allotment of Fully Convertible Warrants

The Board also approved the allotment of 70000 fully convertible warrants to promoter category allottee Nikunjkumar Chimanlal Patel The warrants are issued at ₹433 each including a premium of ₹423 against receipt of 25 percent application money ₹108.25 per warrant

The details are as follows

These warrants entitle the holder to apply for one equity share per warrant by paying the balance 75 percent of the issue price ₹324.75 within 18 months from the date of allotment The conversion may be done in one or more tranches

There is no immediate change in the paid-up share capital due to the warrants allotment The equity shares arising on conversion of these warrants shall rank pari-passu with the existing equity shares

Meeting Duration

The meeting of the Board of Directors commenced at 11.00 AM and concluded at 11.25 AM on 4 June 2025

Purpose and Implications

This preferential issue represents a strategic step by APS to strengthen its capital base and fund future business expansion in the renewable energy sector The company has raised approximately ₹15.15 crore from equity shares and ₹1.26 crore upfront from the warrants making a total of ₹18.68 crore

This move aligns with the company’s long term plans to enhance operational capacity and undertake new projects in India and abroad It also reflects confidence from both public and promoter investors

Registered Office

Tajpur NH 8 Taluka Prantji
District Sabarkantha Gujarat India

The company remains committed to regulatory compliance under SEBI ICDR Regulations 2018 and will continue to deliver value to shareholders through disciplined financial management

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