Corporate Action14 Oct 2026, 06:10 pm
Audroc Ltd Allots 20 Cr Equity Shares on Warrant Conversion
AI Summary
Audroc Ltd's Board of Directors, in a meeting held on October 14, 2026, approved the allotment of 20,00,00,000 equity shares of Re. 1/- each. This allotment is pursuant to the conversion of 20,00,00,000 Fully Convertible Equity Warrants. The warrants were issued on a preferential basis at an issue price of INR 4.00/- per warrant to both promoter and non-promoter categories. Following this allotment, the company's paid-up equity share capital has increased from INR 65,00,000/- to INR 20,65,00,000/-.
Key Highlights
- Board approved allotment of 20 crore equity shares.
- Allotment is from conversion of fully convertible warrants.
- Warrants were issued on preferential basis at INR 4 per warrant.
- Paid-up capital increased significantly post-allotment.
- Allotment included both promoter and non-promoter categories.
Price Impact
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