Ms. Himani Jhamar is hereby appointed as Company Secretary & Compliance Officer with effect from 27th of February, 2026.
Awaiting price reaction for this filing.
The board of Alka India Limited met on February 27, 2026 and approved a sweeping set of changes. Company Secretary & Compliance Officer Jinal Dishank Shah resigned for personal reasons, and Himani Jhamar (a CS with one year of post-qualification experience) was appointed in her place with immediate effect. The company also approved changing its name to 'Audroc Limited', shifting its registered office from Thane, Maharashtra to Ahmedabad, Gujarat, and completely rewriting its main objects to focus on agriculture, food processing, FMCG, and contract farming. Two large preferential issues were cleared: 45 lakh shares at Rs. 15 (Rs. 6.75 crore) to promoter Jatinbhai Patel for converting a loan into equity, and roughly 23.21 crore shares at Rs. 15 (about Rs. 348.21 crore) via share swap mostly to the Patel promoter family. The board also raised the borrowing and investment/guarantee limits to Rs. 5,000 crore each, appointed J.D. Khatnani & Associates as secretarial auditor for five years, and approved selling its 71.34% stake in material subsidiary Vintage FZE (India) for just Rs. 90,000. Shareholder approval will be sought at an AGM on March 23, 2026.
Existing public shareholders face very heavy dilution from the massive share-swap preferential issue, while the company is effectively being repositioned around the Patel promoter family with a new name, new registered office, and a completely different business direction. The Rs. 90,000 sale of a material subsidiary while raising borrowing limits to Rs. 5,000 crore signals a sharp strategic pivot that investors should evaluate carefully before the March 23, 2026 AGM.