BSEAurique LtdHighNeutral
Announced Thu, 6 Aug, 2026 · 17:07 IST
Board okays 2.5 crore convertible warrants at Rs 12, pivots into green fuels
Price reaction
Awaiting price reaction for this filing.
AI summary
Aurique board approved issue of 2.5 crore fully convertible warrants at Rs 12 each (total Rs 30 Cr) on preferential basis to 6 Patel family allottees, including promoters. 25% upfront, balance on conversion within 18 months. Also altered object clause to enter Compressed Bio-Gas, hydrogen, biodiesel, ethanol and renewable fuels. New independent director Sakshi Dwivedi appointed. EGM on Sep 3, 2026.
Likely market impact
Possible equity dilution up to 2.5 crore shares over 18 months. Signals company pivot into renewable energy with capital from promoter group.