Rights Issue Details

  • Issue Type: Rights Issue of Equity Shares
  • Issue Size: 1,25,70,000 Equity Shares of ₹10 each
  • Issue Price: ₹19 per share (including premium of ₹9)
  • Total Proposed Proceeds: ₹23.88 crore
  • Record Date: May 29, 2025
  • Issue Period: June 4, 2025 to July 3, 2025
  • Called Amount to Date: ₹5 per share (₹6.29 crore received)
  • Balance to be Called: ₹14 per share (₹17.59 crore pending)

Proceeds Utilization Summary

  • Total Amount Raised: ₹6.29 crore (100% of called amount)
  • Total Amount Utilized: ₹6.29 crore (100% utilization)
  • Balance: ₹0.00
  • Net Proceeds for Utilization: ₹23.38 crore (after deducting ₹0.50 crore estimated issue expenses)

Breakdown of Utilization

| Purpose | Amount Allocated (₹ crore) | Amount Utilized (₹ crore) | Status |

| Working Capital Requirements | 15.00 | 3.03 | Partially utilized |

| Repayment of Loan (Laxmimanak Finance Pvt. Ltd.) | 2.75 | 2.75 | Fully completed |

| General Corporate Purpose | 5.63 | 0.26 | Partially utilized |

| Total | 23.38 | 6.04 | |

Key Findings from Monitoring Agency

  • Monitoring Agency: Infomerics Valuation and Rating Limited
  • Period Covered: Quarter ended June 30, 2026
  • Deviation from Objects: None
  • Means of Finance: No change from disclosed objects
  • Government Approvals: Principal approval obtained from BSE
  • Material Deviation: None observed

Important Notes

1. The company called only ₹5 per share during Q2 FY2026, resulting in receipt of ₹6.29 crore

2. No further calls were made during Q3 FY2026, Q4 FY2026, and Q1 FY2027

3. The Letter of Offer permits utilization of unutilized proceeds in subsequent fiscals due to factors beyond company's control

4. The non-utilization of entire proposed proceeds by FY2026 is not considered a deviation

5. Company is expected to utilize balance proceeds upon making further calls

Supporting Documentation

  • CA Certificate from M/s. R. Bhargava & Associates dated August 5, 2026
  • Management Declaration dated July 30, 2026
  • Bank Statements
  • Letter of Offer dated May 27, 2025

Business Context

Aplab Limited is engaged in industrial power electronics business, focusing on design, control, and conversion of electrical power for various industrial requirements. The working capital funding aims to improve liquidity management with projected reduction in Trade Payable Days from 101 to 76 and Trade Receivable Days from 142 to 95.