Patil Automation Board Approves ₹96.38 Crore Preferential Capital Raise

Board approved preferential raise up to 96.38 Cr: 20.94L equity shares at Rs 246 (51.51 Cr) and 18.24L warrants at Rs 246 (44.87 Cr), subject to members; EGM on 3 Oct 2026. First post-IPO dilution bringing institutional investors; new plant declared complete with unspent IPO balance shifted to working capital, echoing prior WIP build and cash strain. Promoter stake falls to 48.46% on full conversion with promoter also taking warrants; use of fresh proceeds undisclosed; both raises need shareholder approval.