Aurique Ltd has officially allotted 98,38,200 fully convertible equity warrants on a preferential basis at Rs. 12 per warrant. The allotment includes participation from the promoter group and public investors. Shareholders should note that these warrants have an 18-month conversion window, meaning potential equity dilution remains deferred until holders choose to convert them into shares.
Aurique Ltd Allots 98.38 Lakh Equity Warrants
Total Allotted: 98,38,200 warrants at Rs. 12.00 per warrant.
25% upfront consideration received from allottees.
Reader Takeaway: Preferential allotment signals capital infusion plans; potential equity dilution awaits future conversion within 18 months.
What just happened
Aurique Ltd (formerly PAE Limited) successfully completed the board-approved preferential allotment of 98,38,200 fully convertible equity warrants. The process follows an Extraordinary General Meeting held on September 3, 2026, and final in-principle clearance from the BSE received on September 22, 2026.
Terms of Allotment
The warrants are issued at a price of Rs. 12.00, which includes a Rs. 2.00 premium over the Rs. 10.00 face value. The company has successfully collected 25% of the total consideration as an upfront payment. Holders have a tenure of 18 months from the date of allotment to exercise their right to convert these warrants into fully paid-up equity shares.
Allottee Details
The issuance is divided between the promoter group and a public investor:
- Patel Vandanaben Hiteshkumar (Promoter Group): 51,04,200 warrants
- Patel Sureshkumar R (Public): 47,34,000 warrants
What changes now
There is no immediate change to the company’s paid-up share capital. The total count of outstanding shares will remain static until such time that the warrant holders opt to convert their holdings into equity. Upon conversion, the company will issue new equity shares, which will lead to a dilution of the existing shareholder base.
What to track next
Investors should monitor the expiration of the 18-month conversion window. Any announcements regarding the exercise of these conversion rights will directly impact the company's capital structure and EPS calculations in future quarters.