The Board of Directors of Aurique Limited held their fifth meeting for FY 2026-27 on Thursday, August 06, 2026, from 03:45 p.m. to 04:00 p.m. via video conferencing. The meeting addressed multiple agenda items requiring shareholder approval and regulatory compliance.
1. Preferential Issue of Convertible Equity Warrants
The Board approved the issuance of up to 2,50,00,000 (2.5 crore) Fully Convertible Equity Warrants on a preferential basis to specified investors. Key details:
- Issue Type: Preferential Allotment
- Security Type: Fully Convertible Equity Warrants
- Total Quantity: 2,50,00,000 warrants
- Issue Price: ₹12 per warrant, as determined under SEBI ICDR Regulations Regulation 165
- Total Issue Size: ₹30,00,00,000 (Thirty Crores)
- Conversion Terms: Each warrant convertible into one equity share of face value ₹10 at the option of allottees within 18 months from warrant allotment date
- Payment Terms: 25% of issue price payable upfront, balance 75% payable upon conversion
- Number of Allottees: 6 investors
Investor Details and Shareholding Impact:
| Investor Name | Pre-Allotment Shares | Pre-Allotment % | Post-Allotment Shares | Post-Allotment % |
| Patel Vandanaben | 650,000 | 50.00% | 5,754,200 | 21.88% |
| Hiteshkumar Rinkal J Patel | 250,000 | 19.23% | 4,471,000 | 17.00% |
| Bhanuben Vinodbhai Patel | 0 | 0.00% | 3,129,700 | 11.90% |
| Vishal Ishvarbhai Patel | 0 | 0.00% | 4,734,000 | 18.00% |
| Patel Sureshkumar R | 0 | 0.00% | 4,734,000 | 18.00% |
| Patel Vinodbhai Ramabhai | 0 | 0.00% | 3,077,100 | 11.70% |
*Post-issue shareholding calculated assuming full exercise of all warrants
2. Extraordinary General Meeting
- Meeting Date: Thursday, September 03, 2026
- Mode: Video conferencing/audio-visual means
- Purpose: To seek shareholder approval for board decisions
- E-Voting Agency: Appointed MUFG Intime (India) Private Limited
- Scrutinizer: Appointed Kamlesh Mahendra Bhai Shah, Practicing Company Secretaries
3. Director Changes
- Resignation: Ms. Bhargavi Dilipbhai Gupta resigned as Non-Executive Independent Director
- Appointment: Ms. Sakshi Dwivedi (DIN: 11002230) appointed as Additional Independent Director for five years from August 06, 2026, subject to shareholder approval
4. Auditor Appointments and Resignations
Tax Auditor:
- Appointed: M/s. J M Patel & Bros, Chartered Accountants
- Term: Five years from FY 2026-27 to FY 2030-31
- Profile: Proprietary firm of CA Jaswantbhai M Patel (Registration No.: 107707W) with 48+ years experience in audit and taxation
Internal Auditor:
- Resigned: M/s. PSG and Associates, Chartered Accountants effective August 06, 2026 due to "pre-occupation"
- Appointed: M/s Mikil Vora & Associates, Chartered Accountants
- Term: Five years from FY 2026-27 to FY 2030-31
- Profile: Professionally managed CA firm established in 2012
5. Memorandum of Association Alteration
The Board approved alteration of Object Clause (Clause III) of the Memorandum of Association by substituting existing Object No. 7 with new object to include:
- Manufacturing, processing, storage, transportation, buying, selling, import/export of Compressed Bio-Gas (CBG), Bio-CNG, Bio-LNG, Hydrogen, biodiesel, ethanol, sustainable aviation fuel
- Renewable natural gas, synthetic fuels, green fuels, and other renewable/alternative energy products
- All allied products, derivatives, equipment, and accessories
6. Committee Reconstitution
Nomination & Remuneration Committee:
- Chairperson: Akash Patel (Independent Director)
- Members: Sakshi Dwivedi (Additional Independent Director), Mayank Sedani (Independent Director)
Stakeholders Relationship Committee:
- Chairperson: Akash Patel (Independent Director)
- Members: Sakshi Dwivedi (Additional Independent Director), Mayank Sedani (Independent Director)