EGM approves issue of 20 crore convertible warrants on preferential basis

Board & Shareholder Meetings View source PDF

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AI summary

Audroc Ltd held an EGM on 27 June 2026 via video conference. The sole item of business was approval to issue and allot up to 20 crore fully convertible equity warrants on a preferential basis to promoter and non-promoter category investors. The Chairman explained the issue price, conversion period and proposed use of funds. 34 shareholders attended. No questions were raised. Voting results will be submitted to stock exchanges shortly.

Likely market impact

Shareholders approved a large preferential warrant issue, which could dilute equity and brings potential capital into the company.