Artificial Electronics Intelligent Material Approves Rs 166 Crore Rights Issue

Board approved rights issue of Rs 10 shares for up to Rs 16601.8 Lakhs (Rs 166 Cr) to holders on record date to be fixed. Approved issue committee, intermediaries and draft letter of offer. Fresh equity raise before operating cash turned positive, continuing equity-funded transition. Size is large versus revenue base implying major dilution; price, ratio and timetable undisclosed. Record date, entitlement ratio, issue price and use of proceeds undisclosed. Watch subscription outcome and whether proceeds fund manufacturing ramp and ease cash strain.