The shareholders are hereby informed that the Extra-Ordinary General Meeting of the company will be held on Saturday, June 27, 2026. The detailed notice has been attached herewith.
Awaiting price reaction for this filing.
Audroc Limited (BSE script code 530889) has called an Extra-Ordinary General Meeting on Saturday, June 27, 2026 at 11:00 AM via video conferencing. The sole business is a special resolution to issue up to 20 crore (20,00,00,000) fully convertible equity warrants at Rs. 4 per warrant (including Rs. 3 premium), aggregating up to Rs. 80 crore. The warrants are proposed to be allotted on a preferential basis to 6 identified persons — 2 from the promoter group (Patel Vandanaben Hiteshkumar and Rinkal J Patel) and 4 non-promoters. Each warrant is convertible into 1 equity share of face value Re. 1, exercisable within 18 months, with 25% upfront payment and 75% on conversion. The company plans to use the proceeds mainly for working capital (Rs. 76 crore, 95%) and general corporate purposes (Rs. 4 crore, 5%) within 1 year of fund receipt.
If approved, the company will raise up to Rs. 80 crore, strengthening its working capital position, but the issue will lead to significant equity dilution once warrants are converted. Existing shareholders should weigh the dilution impact against the intended use of funds.