Allotment of 78,11,100 convertible warrants at Rs 12 each on preferential basis
Price
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Aurique Limited allotted 78,11,100 fully convertible equity warrants at Rs 12 per warrant (including Rs 2 premium) on preferential basis to 2 public allottees in third tranche. Allottees are Vishal Ishvarbhai Patel (47,34,000 warrants) and Patel Vinodbhai Ramabhai (30,77,100 warrants). 25% upfront received. Warrants convertible within 18 months. No change in paid-up capital yet.
Dilution risk if warrants convert within 18 months. Two allottees may hold about 29.7% post full conversion. Share cap unchanged for now.