Audroc Ltd Allots 2.5 Cr Equity Warrants to Promoter Group

Audroc Ltd announced that its Board of Directors has approved the allotment of 2,50,00,000 Fully Convertible Equity Warrants to Rinkal J Patel, belonging to the Promoter Group. These warrants are convertible into equity shares at an issue price of ₹4.00 per warrant, with a premium of ₹3.00. The allotment was made on a preferential basis in the fourth tranche, following a special resolution passed by members and in-principle approval from BSE. The company has received 25% of the consideration upfront, and there is no immediate change in paid-up share capital. The warrants are convertible within 18 months from the allotment date.