Audroc Ltd Expands Equity Base With 20 Crore Share Allotment

Paid-up Capital increased to Rs 20.65 crore from Rs 65 lakh.
20,00,00,000 equity shares allotted following warrant conversion.

Reader Takeaway: The significant increase in equity shares leads to substantial dilution, though conversion underscores long-term capital infusion.

What just happened

Audroc Ltd successfully completed the conversion of 20 crore fully convertible equity warrants into 20 crore equity shares, each with a face value of Re 1. The board finalized this allotment during their meeting on October 14, 2026. These warrants were initially issued at a price of Rs 4 per warrant.

Why this matters

The company’s paid-up equity share capital has surged from Rs 65 lakh to Rs 20.65 crore post-allotment. This expansion in the equity base serves as a significant change in the company's capital structure. Six individuals received these shares, split between the Promoter Group and Non-Promoter category investors.

Details of Allotment

Promoter group members, specifically Patel Vandanaben Hiteshkumar and Rinkal J Patel, were allotted 2.5 crore shares each. The remaining 15 crore shares were distributed among four Non-Promoter allottees: Manjulaben Bharatbhai Patel, Patel Sureshkumar R, Patel Vinodbhai Ramabhai, and Krishnaben Rajendrakumar Patel, with each receiving 3.75 crore shares.

What changes now

Existing shareholders will face a dilution of their current equity stake due to the issuance of 20 crore new shares. Investors should monitor the impact on earnings per share (EPS) as the equity base has grown substantially following this corporate action.