AUDROC allots 3.75 crore convertible warrants to non-promoter
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AUDROC Limited allotted 3.75 crore Fully Convertible Equity Warrants to Patel Vinodbhai Ramabhai (Non-Promoter) at Rs. 4 per warrant (including Rs. 3 premium), on preferential basis in third tranche. 25 percent upfront received; balance 75 percent due on conversion within 18 months. No change in paid-up capital yet. Post-issue holding could reach 18.16 percent upon full conversion.
No immediate dilution as warrants not yet converted. If all converted, allottee could hold 18.16 percent stake. Signals equity fundraising.