Emrock Corporation Increases Authorised Share Capital and Completes Preferential Allotment of Warrants

Emrock Corporation Increases Authorised Share Capital and Completes Preferential Allotment of Warrants​

Emrock Corporation Ltd, formerly Vaghani Techno Build Limited, has undertaken a significant capital restructuring following its Extraordinary General Meeting (EGM) held on Saturday, June 27, 2025. The company approved major amendments to its share capital structure and completed the preferential issue of convertible warrants to various investors.

The resolutions passed by the members included increasing the Authorized Share Capital from Rs. 10 crores, comprising 1 crore Equity Shares of Rs. 10 each, to Rs. 35 Crores, equivalent to 3.5 Crore Equity Shares of Rs. 10 each. This action involves a subsequent alteration of Clause V of the Memorandum of Association of the company.

Details of Preferential Warrant Issue​

A key component of the capital enhancement was the issue of up to 1,484,000 Share Warrants on a preferential basis. These warrants are exchangeable for one fully paid up equity share of the Company, which has a face value of Rs. 10/- each. The warrants were issued at a price of Rs. 290/- per warrant, generating aggregate proceeds amounting to Rs. 10,86,05,000/-, derived from the issue of 14,84,000 warrants.

The allotment was executed across 39 investors and focused on both promoter and non-promoter groups.

Warrant Payment Structure and Investor Base​

The transaction structure stipulated that an amount equivalent to 25% of the Per Share Warrant Price would be payable by the investors at the time of application for warrant allotment. The remaining 75% of the Per Share Warrant Price is scheduled to be paid upon the issuance and allotment of Equity Shares, subsequent to the exercise of the conversion option attached to the respective warrants.

The details pertaining to the allocation across different investor types are provided below:


Among the recipients were PATEL JYOTSANABEN TULSIBHAI and PATEL VARSHA JAGDISH, both belonging to the Promoter Group. Non-Promoter investors included BHARATKUMAR MANSINHABHAI CHAUDHARI (1,65,000 warrants) and KHAMBHATIYA SHIVANI JAYKUMAR (10,000 warrants).

The pre-preferential issue capital stood at 42,055 shares. Following the successful issuance of the warrants, the post-preferential issues capacity increased by an additional 3,30,000 Equity Shares upon conversion of the warranted securities.

Stock Price Movement​

Emrock Corporation Ltd closed the trading session Monday higher, settling at ₹269.50, which represents a 0.79% gain. Throughout the day, shares experienced considerable movement, reaching an intraday high of ₹273.90 while finding a low near ₹255.45.