Fundraise / allotmentFiled on NSE ·

Patil Automation Ltd proposes preferential allotment and IPO proceeds reallocation

Patil Automation Ltd · Industrial Manufacturing

What the filing says

  • Board approved preferential issue of up to ₹96.38 crore via 18.24 lakh warrants and 20.94 lakh equity shares to promoters and non-promoters on September 09, 2026
  • Re-allocated unutilized IPO proceeds of ₹9.16 crore from capital expenditure to working capital, total IPO proceeds ₹69.61 crore, with ₹66.57 crore net proceeds utilized till date
  • Approved granting loans/guarantees/securities up to ₹10 crore to subsidiary PAL Green Energy Private Limited with interest not below government securities yield

Original filing

Shareholders meeting

Read the filing on NSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.