M/s. J.D. Khatnani & Associates, Practicing Company Secretary has been appointed as Secretarial Auditor of the Company for a term of five (5) financial years commencing from financial year ....
Awaiting price reaction for this filing.
Audroc Ltd (formerly Alka India Ltd) announced multiple board decisions on February 27, 2026. Mr. Jatinbhai Ramanbhai Patel moved from Executive Director to Non-Executive Director. Company Secretary Jinal Dishank Shah resigned for personal reasons and was replaced by Himani Jhamar. The company approved a name change to 'Audroc Limited', shifting its registered office from Maharashtra to Ahmedabad, Gujarat, and altering its main objects to focus on agriculture, food processing, FMCG, and related businesses. Two large preferential allotments were cleared: 45 lakh shares at Rs 15 (Rs 6.75 crore) to a promoter for loan conversion, and 23.21 crore shares at Rs 15 (about Rs 348 crore) via share swap to promoter group and public allottees — massively diluting the equity base. Borrowing and investment limits were raised to Rs 5,000 crore each, and the company approved selling its 71.34% stake in subsidiary Vintage FZE (India) Private Limited for just Rs 90,000.
This is a major corporate restructuring — expect heavy equity dilution (the share count rises many times over), a sharp shift in business focus toward agri/FMCG, relocation of the registered office, and a new company name. Existing shareholders will see significant dilution from the share-swap preferential issue, though promoter control is being cemented. The Rs 90,000 sale price for the subsidiary is negligible compared to its Rs 827 lakh net worth, which may raise questions.