Aurique Limited to weigh fund raise plan on Aug 6, 2026

Board meeting puts fund raising on the agenda

Aurique Limited has scheduled a meeting of its Board of Directors for Thursday, August 06, 2026. The company informed the BSE that the board will, among other items, consider and approve a proposal to raise funds through securities issuance. The fundraising plan is expected to be evaluated alongside pricing decisions, subject to regulatory and statutory approvals.

The meeting comes at a time when Aurique is also dealing with a change in board composition. The company has accepted the resignation of Bhargavi Dilipbhai Gupta, which affects key committee roles. Together, the two developments place focus on both capital planning and governance continuity.

What Aurique said it will consider on August 6

In its board meeting intimation, Aurique said the directors will consider fund raising by way of preferential issue or private placement of securities for cash. The agenda includes determination of the issue price. The company also indicated that the proposal is subject to such regulatory and statutory approvals as may be required.

Separately, the broader context provided around the meeting also references fund raising through equity shares, warrants, or convertible securities, including routes such as rights issues or private placements. Any such plan typically involves finalising the instrument structure and the price, followed by the required shareholder and regulatory processes.

Fund-raising routes mentioned: equity, warrants, convertibles

Aurique’s disclosures and accompanying context indicate multiple potential instruments. These include equity shares, warrants, or convertible securities. It also points to issuance routes such as rights issues and private placements, along with a preferential issue approach.

A preferential issue or private placement is generally used to raise capital from identified investors, while a rights issue is typically offered to existing shareholders. Warrants and convertible securities can introduce equity-linked funding structures. Aurique’s communication, however, does not specify the size of the proposed raise, the prospective investor base, or the final instrument mix, and those details, if decided, would depend on approvals.

Shareholder and regulatory approvals remain central

Aurique stated that the fund-raising proposal is subject to approvals, including regulatory and statutory clearances. The BSE intimation also references shareholder approval requirements. This indicates that, beyond the board decision, the company will need to follow the compliance route under applicable regulations and corporate governance requirements.

The pricing element is also explicitly mentioned as part of the board’s consideration. Determination of the issue price is a key step in preferential issues and private placements, and the company has flagged that the price will be subject to required approvals.

Independent director resignation accepted effective August 1

Aurique Limited has accepted the resignation of Bhargavi Dilipbhai Gupta as an Independent Director, effective August 1, 2026. The company stated she resigned due to personal reasons and confirmed that there were no other material reasons associated with her exit. The disclosure also noted that her relieving date is fixed as August 1, 2026, after working hours.

The resignation was disclosed under Regulation 30 (LODR). Aurique’s filings describe the resignation as resulting in changes to key committee compositions, given Ms. Gupta’s committee responsibilities.

Committee changes and compliance requirement to appoint a successor

Ms. Gupta concurrently stepped down as Chairperson of the Audit Committee and as a member of the Nomination and Remuneration Committee and the Stakeholders Relationship Committee. With these exits, Aurique will need to reconstitute committees and appoint a replacement Independent Director to remain compliant with corporate governance norms around committee composition and independence requirements.

Aurique also referenced “reconstitution of various Board Committees” in its disclosures, indicating that committee structure changes are being documented as part of regulatory reporting.

Company profile: batteries, power backup, and automotive parts

Aurique Limited engages in the sale and service of lead storage batteries, power backup systems, and automotive parts in India. The company’s listed address is A-1115 Titanium Business Park, Nr Makarba Railway Crossing, Jivraj Park, Ahmedabad, 380051, India. It has also provided a contact phone number (91 70 690 44458) and website details in the shared information.

For stakeholder queries, Aurique shared an email contact: compliance.pae@gmail.com. The company’s website was also referenced in the provided information.

Earlier 2026 corporate actions provide the backdrop

Aurique, formerly PAE Limited, changed its name to Aurique Limited with effect from May 11, 2026, following the issuance of a fresh Certificate of Incorporation by the Ministry of Corporate Affairs. Earlier, on February 06, 2026, the board approved extensive corporate restructuring measures.

Those approvals included an increase in authorised capital to ₹27.48 crore and preferential issues totalling approximately ₹158.85 crore, as per the details provided. The same set of actions included the appointment of Pinalkumar Kalidas Patel as Additional Director in the Executive Director category and Chief Financial Officer, effective February 06, 2026. The board also approved relocation of the registered office from Mumbai to Ahmedabad and authorised enhanced borrowing and investment limits of ₹5,000 crore each.

Stock price snapshot and what investors can verify now

The provided information shows Aurique’s share price at ₹10 as on August 05, 2026 (14:48). Another datapoint shows Aurique trading at 8.69 on Monday, July 13, 2026 (02:03:29). These are the only price references included in the text, and the company’s disclosures do not link the fundraising agenda to any specific immediate market movement.

For investors tracking the next steps, the most verifiable near-term checkpoints are the board’s decision on August 6, the structure of any proposed issuance, and subsequent shareholder and regulatory processes flagged by the company.

Key facts at a glance

What to watch next

The immediate next event is the outcome of the August 06, 2026 board meeting and whether the company formally approves a specific fund-raising route, instrument type, and pricing approach. After that, the key procedural steps flagged by Aurique include shareholder approval and any statutory or regulatory clearances.

On governance, Aurique will need to appoint a successor Independent Director and ensure committee composition remains compliant, given the resignation effective August 01, 2026. Any formal committee reconstitution and director appointment updates would typically be reflected in subsequent exchange filings.

Contact details shared by the company

Stakeholders can reach the company at compliance.pae@gmail.com. The shared information also references the company website and location details for Aurique Limited in Ahmedabad.