Mrs. Jinal Dishank Shah has resigned from the post of company secretary & compliance officer with effect from 27th of February, 2026
Awaiting price reaction for this filing.
Audroc Ltd (formerly Alka India Limited) held a board meeting on February 27, 2026 covering 15 major items. Mrs. Jinal Dishank Shah resigned as Company Secretary & Compliance Officer for personal reasons, replaced immediately by Ms. Himani Jhamar. The company is renaming itself from 'Alka India Limited' to 'Audroc Limited' (already cleared by MCA) and shifting its registered office from Mira Road, Thane (Maharashtra) to Ahmedabad (Gujarat). The board also approved a sweeping change in business objects to pivot into agriculture, food processing, organic farming, FMCG retail, dairy, and contract farming. Two large preferential share issues were cleared: 45 lakh shares at Rs. 15 (Rs. 6.75 crore) to promoter Jatinbhai Ramanbhai Patel for loan conversion, and a massive 23.21 crore shares at Rs. 15 (Rs. 348.21 crore aggregate) by share-swap mostly to promoter group and select public allottees — a near-complete equity restructuring. Additionally, the board raised borrowing and investment limits to Rs. 5,000 crore each, and approved divestment of its 71.34% stake in material subsidiary Vintage FZE (India) Private Limited for just Rs. 90,000. The AGM is scheduled for March 23, 2026.
This is a transformational filing for the company — effectively a rebranding, relocation, business pivot, and large-scale equity restructuring rolled into one. Shareholders should note the massive equity dilution from the ~23.2 crore share preferential issue, the shift away from existing operations into agri/FMCG, and the unusually low Rs. 90,000 sale price for a 'material' subsidiary. The CS exit is routine and already replaced, but the broader restructuring carries significant governance and dilution implications for existing shareholders.