Aurique Ltd Allots 78.11 Lakh Convertible Warrants

78,11,100 warrants allotted at Rs 12.00 per unit.
25% upfront payment collected as per SEBI regulations.

Reader Takeaway: The allotment secures growth capital for Aurique but signals future equity dilution for shareholders upon conversion.

What just happened

Aurique Ltd (formerly PAE Limited) has finalized the allotment of 78,11,100 fully convertible equity warrants on a preferential basis. The allotment was approved by the board on September 28, 2026, following shareholder consent from an EGM held on September 3, 2026. BSE in-principle approval was received on September 22, 2026. The warrants were issued to two individuals: Vishal Ishvarbhai Patel (47,34,000 warrants) and Patel Vinodbhai Ramabhai (30,77,100 warrants).

Terms of Issuance

The warrants are priced at Rs 12 each, which includes a Rs 2 premium over the Rs 10 face value. In accordance with SEBI ICDR Regulations, 2018, the company has collected a 25% upfront payment from the allottees. Each warrant grants the holder the right to convert it into one fully paid-up equity share within 18 months from the date of allotment.

Capital Impact

Currently, there is no change to the company’s paid-up share capital as the warrants are yet to be converted. However, upon the exercise of these conversion rights within the 18-month window, the total outstanding equity will increase, resulting in share dilution for existing shareholders.

What to track next

Investors should monitor official disclosures for any announcements regarding the conversion of these warrants into equity shares, as such events will physically alter the company's capital structure.