Clarification in respect of outcome of Board Meeting wherein there was an inadvertent omission of meeting commencement and conclusion time, there being no other changes or corrections in ....
Awaiting price reaction for this filing.
Alka India Ltd (now AUDROC Limited) filed a clarification to rectify an inadvertent omission in a previous board meeting outcome. The missing meeting commencement time (09:40 AM) and conclusion time (10:10 AM) were added for the board meeting held on 11th May, 2026. The actual business outcome was the allotment of 15 lakh bonus equity shares of Rs. 1 each in a 6:1 ratio (6 bonus shares for every 1 share held) to all members except Promoter and Promoter Group. The record date for the bonus was 8th May, 2026. The paid-up equity share capital increased from Rs. 50 lakh to Rs. 65 lakh post-allotment.
Bonus issue increases liquidity and share count without cash outflow. The 6:1 ratio is generous but dilutes per-share metrics. Shareholders (excluding promoters) will receive 6 additional shares for every 1 share held.