AUDROC Limited (formerly Alka India Limited) has completed the allotment of 7.5 crore fully convertible equity warrants on a preferential basis to two non-promoter investors. The Board of Directors approved the allotment during its meeting held on August 18, 2026, pursuant to a special resolution passed by members on June 27, 2026.

The warrants were issued at an issue price of ₹4 per warrant, which includes a premium of ₹3. This issuance constitutes the fifth tranche of the preferential allotment, following in-principle approval from the BSE on August 7, 2026.

Allotment Details

The warrants were allotted equally between two non-promoter investors: Manjulaben Bharatbhai Patel and Patel Sureshkumar R. Each investor received 3.75 crore warrants.

Conversion Terms and Payment Structure

Each warrant is convertible into an equivalent number of fully paid-up equity shares with a face value of Re. 1 each. The conversion option can be exercised within a maximum period of 18 months from the date of allotment.

Under the payment terms mandated by SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018:

• The company has received 25% of the warrant issue price upfront along with the application.
• The remaining 75% is payable by the allottees upon exercise of the conversion option.

As only warrants have been allotted and not equity shares, there is currently no change in the company’s paid-up share capital. The post-issue shareholding pattern, assuming full conversion of the total 20 crore warrants authorized under the scheme, would see each of these two investors holding approximately 18.16% of the equity share capital.

The number of equity shares allotted upon exercise will be subject to appropriate adjustments as permitted under applicable rules and regulations.

Audroc Limited (formerly Alka India Limited) has completed the allotment of 2,50,00,000 fully convertible equity warrants on a preferential basis. The company issued the securities to a single allottee, Rinkal J Patel, who is classified under the promoter group. The board approved the allotment during its meeting held on August 14, 2026.

The warrants were issued at a price of ₹4.00 each, which includes a premium of ₹3.00 per warrant. This issuance represents the fourth tranche of the preferential allotment process. The company received 25% of the consideration amount upfront from the allottee, as mandated by SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Transaction Details

The allotment follows a special resolution passed by members in an Extraordinary General Meeting on June 27, 2026, and an in-principle approval granted by the BSE on August 7, 2026. The key terms of the warrant issuance are outlined below:

Capital Structure Impact

As the company has allotted warrants rather than equity shares, there is currently no change in the paid-up share capital of Audroc Limited. Each warrant is convertible into an equivalent number of fully paid-up equity shares with a face value of Re. 1/- each. The conversion is at the option of the proposed allottee.

According to the disclosure, if all 20,00,00,000 warrants (the total proposed under the scheme) were allotted and converted, the post-issue shareholding pattern would see Rinkal J Patel holding 12.71% of the equity share capital. Currently, the promoter holds 12,50,000 pre-issue shares, representing 19.23% of the pre-issue capital.

What the Numbers Show

The structure of this financing instrument places significant future dilution risk contingent on the promoter's decision to convert. With only 25% of the consideration paid upfront, the company has secured limited immediate cash inflow relative to the potential equity expansion. The remaining 75% is payable only upon conversion, meaning the company’s balance sheet will not reflect the full capital raise until the warrants are exercised within the 18-month window. This creates a dependency on the promoter’s future capital deployment decisions rather than providing immediate liquidity for operational use.