AUDROC seeks nod for ₹80 crore warrant issue at June 27 EGM

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

Particulars	Details
Total Number of Warrants	20,00,00,000
Issue Price	₹4 per warrant
Total Issue Size	₹80,00,00,000
Conversion Period	Within 18 months from allotment
Face Value of Equity Share	Re. 1

Proposed Investors and Warrant Allocation

Name of Proposed Investors	Category	Convertible Equity Warrants Offered
Patel Vandanaben Hiteshkumar	Promoter Group	2,50,00,000
Rinkal J Patel	Promoter Group	2,50,00,000
Manjulaben Bharatbhai Patel	Non-Promoter	3,75,00,000
Patel Vinodbhai Ramabhai	Non-Promoter	3,75,00,000
Patel Sureshkumar R	Non-Promoter	3,75,00,000
Krishnaben Rajendrakumar Patel	Non-Promoter	3,75,00,000

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.

AUDROC Limited (formerly known as Alka India Limited) has formally intimated BSE Limited of its compliance with the Minimum Public Shareholding (MPS) requirement as prescribed under applicable securities regulations. The disclosure, dated May 12, 2026, was made pursuant to Regulation 30 and Regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Rule 19A of the Securities Contracts (Regulation) Rules, 1957.

Compliance with MPS Norms

The company has confirmed that its public shareholding has met and exceeded the mandatory threshold of 25% stipulated under the relevant regulatory framework. As per the latest shareholding pattern filed with the stock exchange, the public shareholding in the company stands at 26.92% as on the date of the intimation letter.

The key details of the compliance disclosure are summarised below:

Parameter:	Details
Regulation Cited:	Regulation 30 & 38, SEBI LODR Regulations, 2015
Rule Referenced:	Rule 19A, Securities Contracts (Regulation) Rules, 1957
MPS Requirement:	25%
Current Public Shareholding:	26.92%
Date of Intimation:	May 12, 2026
Exchange Notified:	BSE Limited

Company Background

AUDROC Limited, formerly known as Alka India Limited, is registered under CIN L46300MH1993PLC168521. The company's registered office is located at Gala No. D-3/4/5, Hatkesh Udyog Nagar-1, Off. Mira Bhayandar Road, GCC Road, Mira, Near Hatkesh Substation, Thane – 401 107, Maharashtra, India. Its corporate office is situated at A-1115 Titanium Business Park, Nr Makarba Underpass, Jivraj Park, Ahmedabad – 380051, Gujarat, India.

The intimation was signed by Karnik Pillai (DIN: 08529650), Managing Director of the company, who confirmed the achievement of the MPS requirement and requested BSE Limited to take the same on record.