Aurique Limited has allotted 73,50,700 fully convertible equity warrants at an issue price of ₹12.00 per warrant on a preferential basis. This second tranche allotment was approved by the Board of Directors during a meeting held on September 25, 2026.

This action follows the earlier allotment of 98,38,200 warrants in the first tranche on September 23, 2026. Both tranches were issued pursuant to a special resolution passed by members in an Extraordinary General Meeting (EGM) held on September 3, 2026, and subsequent in-principle approvals granted by the BSE on September 22, 2026. The issuance complies with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Allotment Details

The company received 25% of the consideration amount from the proposed allottees as required by regulations. Since these are warrants and not direct share issuances, there is currently no change in the paid-up share capital of the company. The warrants are convertible into equity shares of face value ₹10 each within a maximum period of 18 months from the date of allotment.

What the Numbers Show

The second tranche reveals a shift in participation dynamics compared to the first tranche. In the initial allotment, promoter group participation (Patel Vandananaben Hiteshkumar) was nearly equal to public investor interest. However, in this second tranche, Promoter Group member Rinkal J Patel acquired 42,21,000 warrants, representing approximately 57% of the tranche, while Public investor Bhanuben Vinodbhai Patel acquired 31,29,700 warrants. This indicates a higher relative confidence from insider stakeholders in the second phase of capital raising at the ₹12 price point.

Aurique Limited shareholders approved the issuance of up to 2.5 crore fully convertible equity warrants and ratified the company's name change from PAE Limited at its Extra-Ordinary General Meeting on September 3, 2026. All three special resolutions were passed with requisite majority.

The meeting was conducted via Video Conference or Other Audio-Visual Means (OAVM). A total of 19 shareholders attended the proceedings, comprising three from the promoter group and 16 from the public category. The company had 4,837 shareholders as on the record date of August 28, 2026.

Resolutions Passed

The members passed three special resolutions during the session:

• Authorization to issue and allot up to 2.5 crore Fully Convertible Equity Warrants to promoter and non-promoter categories via preferential issue.
• Approval for the change in the object clause of the company and subsequent changes to Clause III of the Memorandum of Association.
• Appointment of Ms. Sakshi Dwivedi as a Non-Executive Independent Director on the Board.

Voting Results

The scrutinizer, M/s. Kamlesh M. Shah & Co., confirmed that all resolutions were duly approved. The voting pattern revealed distinct participation levels between promoter and public shareholders across different agenda items.

Promoter shareholders held 950,000 shares but did not vote on the warrant issuance resolution, likely due to conflict of interest rules regarding preferential allotments. However, they voted in favour of both the Memorandum of Association changes and the appointment of the independent director. Public non-institutional shareholders, holding 349,923 shares, cast 27,750 votes (7.93% participation) in favour of all three resolutions.

Board and Attendance

Mr. Nimeshkumar Ganpatbhai Patel, Chairman and Managing Director, chaired the meeting. Other directors present included Mr. Pinalkumar Kalidas Patel (Director & CFO), Mr. Jatinbhai Ramanbhai Patel, Mr. Mayankkumar Ashokbhai Sedani, Mr. Akash Patel, and Ms. Sakshi Dwivedi.

The Company Secretary informed members that remote e-voting facilities were available prior to and during the meeting. The voting results will be submitted to stock exchanges within the prescribed timeframe. The e-voting facility remained open for 15 minutes after the conclusion of the meeting.