Asian Petroproducts & Exports524434Preferential allotment
Revised EGM notice: allottee name corrected; members to vote on preferential share and warrant issues
Revised Notice of Extra-Ordinary General Meeting (EGM).
By ScoutQuest · · 3 min read
- EGM Date
- Friday, 6 November 2026, 12:30 pm, via video conferencing
- Loan Conversion into Equity Shares
- up to 96,00,000 equity shares of face value Rs. 10/- each at par, aggregating up to Rs. 9,60,00,000/-
- Warrants to Promoter/Promoter Group
- up to 1,00,00,000 warrants at Rs. 10/- each, aggregating up to Rs. 10,00,00,000/-
What has been shared
Asian Petroproducts and Exports Limited has shared a revised notice of its Extra-Ordinary General Meeting (EGM). The revision corrects a typographical error: the name "Brijlaxmi Infotech Limited" was inadvertently mentioned as "Brijlaxmi Leasing and Finance Limited." The company has requested that the revised notice be taken on record.
Meeting and record details
- The EGM will be held on Friday, 6 November 2026 at 12:30 pm through video conferencing / other audio visual means.
- The relevant date for determining the floor price for the preferential issue is Wednesday, 7 October 2026.
- Three items of special business are placed before the members, each to be passed as a special resolution.
Conversion of existing unsecured loan into equity shares
- Approval is sought for the issue of up to 96,00,000 equity shares of face value Rs. 10/- each, at par, to promoter and promoter group on a preferential basis.
- The consideration is other than cash, being the conversion of an existing unsecured loan.
- Aggregate consideration for this issue is up to Rs. 9,60,00,000/-.
- The proposed allottees and the shares proposed up to: J K Chaturvedi (HUF) 60,000; Jaykishor Chaturvedi 19,40,000; Siddharth Chaturvedi 17,00,000; Ankur Chaturvedi 15,00,000; Brijlaxmi Infotech Limited 10,00,000; World Tradimpex Limited 15,00,000; JKE Polymers Private Limited 19,00,000.
- Allotment is to be completed within 15 days of passing the resolution, and where an approval is pending, within 15 days of receipt of such approval.
- The shares allotted are subject to lock-in as prescribed under the SEBI ICDR Regulations, and the pre-preferential shareholding of the proposed allottees is also restricted during the lock-in period.
Warrants convertible into equity shares for cash
- Approval is sought for the issue of up to 1,00,00,000 warrants to promoter and promoter group, each convertible into 1 fully paid up equity share of face value Rs. 10/-.
- The issue price is Rs. 10/- per warrant, at par, aggregating up to Rs. 10,00,00,000/-.
- Warrants may be exercised in one or more tranches within 18 months from the date of allotment.
- 25% of the warrant issue price is payable at the time of subscription and allotment, and the balance 75% on exercise of the warrants.
- If a warrant holder does not exercise the warrants within 18 months, the unexercised warrants lapse and the amount paid stands forfeited by the company.
- Until conversion, warrant holders do not get rights akin to those of shareholders.
- The proposed allottees and the warrants proposed up to: J K Chaturvedi (HUF) 1000000; Jaykishor Chaturvedi 3000000; Siddharth Chaturvedi 1000000; Ankur Chaturvedi 1000000; Brijlaxmi Infotech Limited 2000000; World Tradimpex Limited 1000000; JKE Polymers Private Limited 1000000.
Preferential issue to the non-promoter public category
- Approval is sought for the issuance of up to 40,00,000 equity shares on a preferential issue basis to the non-promoter public category group for cash consideration.
Points a retail investor may note
- The promoter and promoter group are proposed to receive shares and warrants, so the proposals involve the promoter side of the shareholding.
- The first resolution does not bring in fresh cash; it converts an existing unsecured loan into equity shares, while the warrant and non-promoter issues are for cash consideration.
- Cash from the warrants comes in two stages: 25% on subscription and allotment, and 75% on exercise within the 18-month window.
- The allotments are subject to shareholder approval and, as stated, the allotment would be made only upon receipt of in-principle approval from the stock exchange.
- The equity shares allotted are to rank pari-passu with the existing equity shares, including dividend, for record dates falling after the allotment.
Also from Asian Petroproducts & Exports
EGM notice: preferential issue of 96,00,000 shares, 1,00,00,000 warrants, 40,00,000 shares proposed
16 Oct 2026
Intimation of Extra-Ordinary General Meeting to be held on 6 November 2026
15 Oct 2026
Board approves preferential issue: 96,00,000 shares on loan conversion, 1,00,00,000 warrants, 40,00,000 shares
15 Oct 2026
More numbers
- Equity shares proposed on preferential basis against unsecured loan96,00,000
- Aggregate consideration for the loan conversion issueRs. 9,60,00,000/-
- Face value per equity shareRs. 10/-
- Convertible warrants proposed to promoter and promoter group1,00,00,000
- Aggregate warrant issue considerationRs. 10,00,00,000/-
- Warrant exercise period from date of allotment18 (Eighteen) months
- Warrant issue price payable at subscription25%
- Equity shares proposed to non-promoter public category40,00,000
Source: BSE · 16 Oct 2026
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