Atmastco Ltd EGM on June 6 to Approve ₹144.40 Cr Raise

Atmastco Ltd has announced its 1st Extraordinary General Meeting (EGM) scheduled for Saturday, June 06, 2026, at 12:30 P.M. IST. The meeting will be conducted through Video Conferencing/Other Audio-Visual Means (VC/OAVM) in compliance with circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI. The EGM notice was filed with the National Stock Exchange of India Limited on May 14, 2026, by Company Secretary & Compliance Officer Rajendra Biswal. Shareholders recorded in the Register of Members or Register of Beneficial Owners as on the cut-off date of Saturday, May 30, 2026, will be eligible to participate and vote.

Key Agenda Items

The EGM has been convened to transact three items of special business, each requiring shareholder approval under the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.

Agenda Item Details Item No. 1 Increase in Authorised Share Capital and alteration of Memorandum of Association Item No. 2 Preferential issue of 35,00,000 equity shares aggregating up to ₹53,20,00,000 Item No. 3 Issue of 60,00,000 convertible warrants aggregating up to ₹91,20,00,000 Combined Issue Size ₹144.40 Crores

Capital Increase and Preferential Issue

The Board of Directors, at its meeting held on May 13, 2026, approved a proposal to increase the authorised share capital from Rs. 25,00,00,000 to Rs. 35,00,00,000. This involves increasing the number of equity shares from 2,50,00,000 to 3,50,00,000 of Rs. 10 each. The company proposes to issue up to 35,00,000 fully paid-up equity shares at a price of ₹152 per share, including a premium of Rs. 142, aggregating up to ₹53,20,00,000. The issue is proposed to 36 allottees comprising promoter and non-promoter categories. The floor price is determined as Rs. 151.38 per equity share.

Convertible Warrants

Additionally, the company proposes to issue up to 60,00,000 convertible warrants, each convertible into one fully paid-up equity share of face value ₹10.00, at a price of Rs. 152 per warrant. The warrants are exercisable within 18 months from the date of allotment. A minimum of 25% of the warrant issue price, amounting to Rs. 22,80,00,000, is payable at the time of subscription, with the remaining 75% payable at the time of exercise.

Utilisation of Proceeds

The combined proceeds from both the equity shares and convertible warrants, totalling ₹144.40 Crores, are proposed to be deployed for working capital requirements and general corporate purposes. Infomerics Valuation and Rating Ltd has been appointed as the Monitoring Agency for the utilisation of proceeds.

S. No. Particulars Amount (In Crores) 1. Working Capital for Defence 77.98 Crores 2. Working Capital for EPC and Fabrication 51.98 Crores 3. General Corporate Purpose 14.44 Crores Total 144.40 Crores

Shareholding and E-Voting

The pre-issue promoter holding stands at 66.14% of the total paid-up capital as on March 31, 2026. Post the full subscription and conversion, the promoter holding is expected to be 53.62%, while public shareholding is expected to rise to 46.38%. The remote e-voting window opens on Wednesday, June 03, 2026, and closes on Friday, June 05, 2026.

Atmastco Limited has announced that its wholly owned subsidiary, Atmastco Defence Systems Private Limited, has received Bureau of Indian Standards (BIS) 17051 2018 certification for Level 6 Bulletproof Jackets. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Following the receipt of this certification, the company is set to commence commercial production of the certified bulletproof jackets.

BIS Certification: A Key Milestone

The BIS 17051 2018 certification affirms that Atmastco Defence Systems' Level 6 Bulletproof Jackets meet the stringent quality and safety standards prescribed under Indian regulations. The key details of this development are outlined below:

Parameter: Details Certifying Body: Bureau of Indian Standards (BIS) Certification Standard: BIS 17051 2018 Product Certified: Level 6 Bulletproof Jackets Entity Receiving Certification: Atmastco Defence Systems Private Limited Relationship to Listed Entity: Wholly Owned Subsidiary of Atmastco Limited Disclosure Regulation: Regulation 30, SEBI (LODR) Regulations, 2015 Announcement Date: May 11, 2025

This achievement is described by the company as a significant milestone in its growth trajectory, reinforcing its commitment to delivering high-quality, standards-compliant defence equipment to the Indian market and beyond.

Strengthening Defence Manufacturing Credentials

The certification is expected to enhance Atmastco Defence Systems' credibility with institutional buyers, government agencies, and international partners. The company is focused on the design, development, and manufacturing of advanced defence and protective solutions, and continues to invest in quality, compliance, and innovation to meet the evolving demands of the defence sector.

Management Commentary

Commenting on the development, the management stated:

"Receiving BIS certification for Level 6 bulletproof jackets is a major achievement for Atmastco Defence Systems. It reflects our technical capabilities, adherence to rigorous quality standards, and commitment to excellence in defence manufacturing. We are now focused on expanding our product offerings and market presence."

About Atmastco Defence Systems

Atmastco Defence Systems Private Limited is a wholly owned subsidiary of Atmastco Limited, headquartered in Bhilai, Chhattisgarh. The company is engaged in the design, development, and manufacturing of advanced defence and protective solutions. Atmastco Limited is an ISO 9001:2015, 14001:2015, and 45001:2018 certified quality-assured company.

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