Patil Automation Preferential Issue (10 Sep 2026)
Patil Automation seeks approval for preferential issue and IPO fund reallocation
Patil Automation · Industrial Manufacturing
Key highlights
- Board on September 09, 2026 proposed a preferential issue of up to 18,24,000 warrants and 20,94,000 equity shares, raising up to Rs. 96,38,28,000, subject to member approval at the EGM on October 03, 2026.
- Proposal to reallocate unutilized IPO proceeds of Rs. 9.16 Crore from capital expenditure to working capital, to be utilized by December 31, 2026; Rs. 60.45 Crore of Rs. 69.61 Crore IPO proceeds utilized till date.
- Proposal to give loans, guarantees or securities up to Rs. 10,00,00,000 to subsidiary Pal Green Energy Private Limited, with interest not lower than the prevailing Government Securities yield, subject to member approval.
Why it's rated notable: The EGM notice proposes a preferential issue of up to Rs. 96,38,28,000 through warrants and equity shares, which needs member approval at the October 03, 2026 meeting and so is not yet binding.
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Shareholders meeting
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More from Patil Automation
- Fundraise / allotmentNotablePatil Automation reports H1 FY27 revenue up 37%, net profit up 48%
- Board / shareholder meeting outcomeNotablePatil Automation Limited announces voting results of EGM held on Oct 03, 2026
- Board / shareholder meeting outcomeNotablePatil Automation Ltd holds EGM on Oct 3, 2026, via VC for key resolutions
- Board / shareholder meeting outcomeNotablePatil Automation Limited issues corrigendum to EGM notice revising allotment details
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Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Manufacturing
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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.