Audroc Limited has secured shareholder approval to issue up to 20,00,00,000 Fully Convertible Equity Warrants on a preferential basis to promoter and non-promoter category investors. The resolution was passed during the company's Extra-Ordinary General Meeting (EGM) held on June 27, 2026, via video conference. This capital raise initiative is aimed at strengthening the company's financial position through the issuance of equity instruments.

The EGM was convened at 11:00 A.M. IST and chaired by Karnik Shasankan Pillai, Chairman and Managing Director of Audroc Limited. The proceedings were conducted in compliance with the Companies Act, 2013, and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice for the meeting was dated June 1, 2026, and statutory registers were made available for electronic inspection during the session.

Attendance and Participation

A total of 34 shareholders attended the meeting through video conferencing, comprising 3 from the promoter and promoter group and 31 from the public category. No shareholders were present in person or through proxy. The meeting was also attended by key managerial personnel, including Harshkumar Kalidas Patel, Chief Financial Officer, and Himani Jhamar, Company Secretary & Compliance Officer.

Voting and Scrutiny

The voting process was overseen by Mr. Kamlesh M. Shah, a Practicing Company Secretary and representative of M/s. Kamlesh M Shah & Co, who was appointed as the Scrutinizer. The company provided a remote e-voting facility prior to the meeting, and members who had not voted were permitted to cast their votes during the session. The e-voting facility remained open for 15 minutes after the conclusion of the meeting to ensure maximum participation.

During the question and answer session, the representative of MUFG informed the attendees that no registered speaker shareholders were present, and consequently, no questions were raised. The meeting concluded at 11:25 A.M. IST with a vote of thanks to the Chair. The detailed results of the voting are set to be declared and submitted to the stock exchanges within the prescribed regulatory timeline.

AUDROC Limited (Formerly known as Alka India Limited) has scheduled an Extra-Ordinary General Meeting (EGM) on June 27, 2026, to seek shareholder approval for the issuance of 20,00,00,000 fully convertible equity warrants aggregating up to ₹80,00,00,000. The warrants will be issued at a price of ₹4 per warrant, including a premium of ₹3, to promoter and non-promoter investors on a preferential basis. The company intends to utilize the net proceeds primarily for working capital requirements (95%) and general corporate purposes (5%).

The preferential allotment targets six specified investors, including promoter group members Patel Vandanaben Hiteshkumar and Rinkal J Patel. The issue structure requires an upfront payment of at least 25% of the warrant issue price, with the balance 75% payable upon the exercise of the conversion option within 18 months from the date of allotment. The floor price of ₹3.89 per warrant was determined based on a valuation report dated June 01, 2026, and pricing regulations under SEBI ICDR Regulations.

Key Details of Convertible Equity Warrants

Proposed Investors and Warrant Allocation

The Board has appointed MUFG Intime India Private Limited as the Remote E-Voting Agency and M/s. Kamlesh M. Shah & Co., Practicing Company Secretaries, as the Scrutinizer for the e-voting process. The remote e-voting period begins on June 24, 2026, and ends on June 26, 2026. The allotment is subject to shareholder and regulatory approvals under the Companies Act, 2013, and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.