Corporate Action1 Jun 2026, 05:44 pm
Alka India to Issue 20 Cr Convertible Equity Warrants
AI Summary
Alka India Ltd (AUDROC) announced the issuance of up to 20,00,00,000 fully convertible equity warrants via preferential basis, convertible within 18 months. The board also approved the appointment of M/s. J M Patel & Bros as tax auditor and M/s. Avni & Associates as secretarial auditor. An Extra-Ordinary General Meeting will be held on June 27, 2026, for shareholder approval. MUFG Intime (India) Private Limited is appointed as Remote E-Voting Agency and Kamlesh Mahendra Bhai Shah as Scrutinizer. M/s ].D. Khatnani & Associates resigned as Secretarial Auditor.
Key Highlights
- Alka India to issue 20,00,00,000 convertible equity warrants on preferential basis.
- Warrants convertible into equity shares within 18 months, subject to shareholder approval.
- M/s. J M Patel & Bros appointed as tax auditor for FY 2026-27.
- M/s. Avni & Associates appointed as Secretarial Auditor.
- Extra-Ordinary General Meeting scheduled for June 27, 2026.
Price Impact
More from ALKA