Board approves allotment of 20,00,00,000 equity shares on conversion of warrants
Board approved allotment of 20,00,00,000 equity shares of face value INR 1/- each, on conversion of 20,00,00,000 Fully Convertible Equity Warrants.
By ScoutQuest · · 2 min read
- Shares allotted on warrant conversion
- 20,00,00,000 equity shares of face value INR 1/- each
- Paid-up equity share capital change
- from INR 65 lakh (65,00,000 shares) to INR 20.65 crore (20,65,00,000 shares)
- Warrant issue price
- INR 4.00/- per warrant, allotted August 2026 on preferential basis
What the board approved
The Board of Audroc Ltd, at its meeting held on October 14, 2026, considered and approved the allotment of 20,00,00,000 equity shares of face value INR 1/- each. These shares were allotted because 20,00,00,000 Fully Convertible Equity Warrants were converted into equity shares.
Where the warrants came from
The warrants were allotted in August 2026 on a preferential basis to persons belonging to the Promoter and Non-Promoter category, at an issue price of INR 4.00/- per warrant.
Who received the shares
- Patel Vandanaben Hiteshkumar (Promoter Group) - 2,50,00,000 equity shares
- Rinkal J Patel (Promoter Group) - 2,50,00,000 equity shares
- Manjulaben Bharatbhai Patel (Non-Promoter) - 3,75,00,000 equity shares
- Patel Sureshkumar R (Non-Promoter) - 3,75,00,000 equity shares
- Patel Vinodbhai Ramabhai (Non-Promoter) - 3,75,00,000 equity shares
- Krishnaben Rajendrakumar Patel (Non-Promoter) - 3,75,00,000 equity shares
What happens to the share capital
Following this allotment, the paid-up equity share capital of the company stands increased from INR 65 lakh divided into 65,00,000 equity shares of face value INR 1/- each, to INR 20.65 crore divided into 20,65,00,000 equity shares of face value INR 1/- each.
How a retail investor can read this
- The total number of equity shares goes up from 65,00,000 to 20,65,00,000. When a company issues many new shares, each existing share represents a smaller proportional ownership of the company. This is what is commonly called dilution of equity.
- The new shares were issued on conversion of warrants that had already been allotted to named individuals in August 2026, so this is the completion of that earlier step rather than a fresh fund-raising decision taken at this meeting.
- The warrants were issued on a preferential basis, meaning they were offered to specific identified persons rather than to all shareholders.
- The Board meeting commenced at 04:30 PM and concluded at 04:45 PM.
What to watch
- The names of the allottees and the split between Promoter Group and Non-Promoter category, since this affects who holds how much of the company.
- The sharp increase in the number of shares outstanding, which changes the base on which per-share figures such as earnings are measured.
Also from Audroc
Board approves allotment of 20,00,00,000 equity shares on conversion of Fully Convertible Equity Warrants
14 Oct 2026
More numbers
- Equity shares allotted on conversion of warrants20,00,00,000
- Fully Convertible Equity Warrants converted20,00,00,000
- Issue price per warrantINR 4.00/-
- Face value per equity shareINR 1/-
- Paid-up equity share capital before allotmentINR 65,00,000/-
- Paid-up equity share capital after allotmentINR 20,65,00,000/-
- Equity shares before allotment65,00,000
- Equity shares after allotment20,65,00,000
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