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Board Meeting6 Aug 2026, 05:10 pm

Aurique Ltd Approves 25M Warrants for Promoters & Non-Promoters

AI Summary

Aurique Ltd's Board of Directors has approved the issuance of up to 25,000,000 fully convertible equity warrants on a preferential basis to promoter and non-promoter groups. The warrants are convertible into equity shares at a price determined by SEBI regulations within 18 months. The company also announced an Extra-Ordinary General Meeting on September 3, 2026, to seek shareholder approval for this issuance and other corporate actions. Additionally, the board noted the resignation of a Non-Executive Independent Director and approved the appointment of new Tax and Internal Auditors.

Key Highlights

  • Aurique Ltd to issue 25 million convertible warrants preferentially.
  • Warrants convertible into equity shares within 18 months.
  • Shareholder approval to be sought at EGM on September 3, 2026.
  • Board noted director resignation and approved new auditors.
  • Appointment of new independent director also approved.