Patil Automation plans ₹96.38 crore raise in 2026

Key announcement from the board

Patil Automation Limited (NSE: PATILAUTOM | INE17GV01016) has said its Board of Directors approved a proposal to raise up to ₹96.38 crore through a preferential issue of equity shares and convertible warrants. The disclosure is dated September 10, 2026. The company described itself as a provider of turnkey welding, assembly and robotics-integrated automation solutions.

The proposed fund raise is subject to approval of the members of the company. The issue price mentioned for both instruments is ₹246 per equity share and ₹246 per warrant. The company has indicated that further communication, including the notice, will be shared in due course.

Preferential issue structure: shares plus warrants

The preferential issue has two components. First, Patil Automation is proposing to issue up to 20,94,000 equity shares. Second, it is proposing to issue up to 18,24,000 convertible warrants.

Both components carry the same proposed issue price of ₹246 per instrument. Based on the quantities and price, the equity shares portion is up to ₹51.51 crore and the warrants portion is up to ₹44.87 crore, taking the aggregate proposal to ₹96.38 crore.

The company also stated that each convertible warrant will be convertible into one equity share. The conversion option can be exercised within 18 months from the date of allotment.

Issue price and amount details

The announcement clearly lays out the quantities and the maximum amount proposed under each leg of the preferential issue. It also reiterates that the entire fund raising plan needs shareholder approval.

The company did not, in the provided text, specify the end use of proceeds, the complete list of proposed allottees, or the post-issue shareholding changes. It did, however, name at least one proposed allottee in the warrants category.

Motilal Oswal named among proposed allottees

Within the warrants component, the document mentions Motilal Oswal Financial Services Limited for an allocation of 9,00,000 warrants. No other allottee quantities are specified in the provided text.

This disclosure indicates that part of the warrants issue could be placed with institutional participants, although the overall preferential issue details beyond the stated allocation are not included in the excerpt.

EGM on October 3, 2026: member approval process

Patil Automation has scheduled an Extra-Ordinary General Meeting (EGM) to seek member approval for the proposals. The EGM is scheduled for Saturday, October 03, 2026 and will be conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM).

The company stated that the notice of the meeting will be sent in due course. As per the information provided, the meeting is set to commence at 4:00 p.m. and conclude at 4:30 p.m.

Summary table: instruments, quantities, and proceeds

Recent corporate updates referenced in the text

The provided material also references an “AGM Notice” entry dated Sep 01, 2026, stating that Patil Automation Ltd received a purchase order worth 66 million rupees. In normalized terms, 66 million rupees equals ₹6.6 crore.

Separately, the text mentions that Patil Automation announced its audited financial results for the half year and the financial year ended March 31, 2026. However, no specific financial figures, revenue numbers, margins, or cash flow details are included in the provided excerpt.

Earlier AGM voting record (September 2025)

The excerpt also includes historical details from the company’s 10th Annual General Meeting (AGM). The AGM was held on Tuesday, September 23, 2025 at 11:00 a.m. (IST) through VC, to transact business as stated in the AGM notice dated August 21, 2025.

It states that remote e-voting commenced on Saturday, September 20, 2025 at 9:00 a.m. and ended on Monday, September 22, 2025 at 5:00 p.m. Shareholders holding shares as on the cut-off date of Tuesday, September 16, 2025 were eligible to vote electronically.

As per the details in the excerpt, out of 1,54,68,600 valid votes cast via e-voting and remote e-voting, 1,54,68,600 votes were cast assenting to the ordinary resolution, with nil votes dissenting.

Timeline: key dates mentioned

Market impact: what is confirmed, and what is not

From an investor perspective, the confirmed takeaway is that the company is proposing a sizeable capital raise at a stated price of ₹246 per instrument, split between equity shares and convertible warrants, with warrants carrying an 18-month conversion window. The proposal remains contingent on shareholder approval at the scheduled EGM on October 3, 2026.

The provided text does not include information on stock price movement, trading volumes, or market reaction around the announcement date. It also does not detail the utilisation of funds, sector demand commentary, or forward guidance linked to the fund raise.

Why this matters for shareholders

A preferential issue typically changes the capital structure through new equity issuance and potential equity issuance upon warrant conversion. In Patil Automation’s case, the company has disclosed both the upper limits on quantities and the total amount proposed, which provides clarity on the fund-raising envelope.

The inclusion of convertible warrants means the final equity dilution can depend on the timing and extent of warrant conversions within the stated 18-month period. Shareholders will evaluate the proposal through the EGM process once the formal notice and explanatory statements are issued.

Conclusion

Patil Automation’s board-approved plan to raise up to ₹96.38 crore at ₹246 per instrument is now set to move to the shareholder approval stage through an EGM on October 3, 2026 via VC/OAVM. The company has also specified the warrant conversion window of 18 months from allotment. The next formal step flagged in the disclosure is the circulation of the EGM notice in due course.