Emrock Corporation has scheduled an Extraordinary General Meeting (EGM) on Sunday, June 27, 2026, to seek shareholder approval for raising ₹43.44 crore through the preferential allotment of 14,98,000 share warrants. The warrants are priced at ₹290 each, comprising a face value of ₹10 and a premium of ₹280, and are convertible into equity shares within 18 months of allotment. The funds raised will be utilized for general corporate purposes and working capital requirements.

The EGM will be conducted via video conferencing at 02:30 PM IST. Remote e-voting will commence on Wednesday, June 24, 2026, at 09:00 AM and conclude on Friday, June 26, 2026, at 05:00 PM. The record date for determining eligibility to vote is Saturday, June 20, 2026. The notice regarding the meeting was published in Free Press Gujarat and Lokmitra newspapers on May 30, 2026.

The preferential issue includes 5,00,000 warrants for the promoter group and 9,98,000 for non-promoters. Key promoter allottees include Patel Jyotsanaben Tulsibhai (3,30,000 warrants) and Patel Varsha Jagdish (1,70,000 warrants). The issue is governed by the Companies Act, 2013, and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The board has approved increasing the authorised share capital from ₹30 crore to ₹35 crore, divided into 3,50,00,000 equity shares of ₹10 each. This alteration requires shareholder approval through an ordinary resolution, while the warrant issue requires a special resolution. The company has engaged Accurate Securities And Registry Pvt Ltd as its Registrar and Share Transfer Agent.

Emrock Corporation Limited has complied with the applicable statutory provisions and adherence to good corporate practices for the financial year ended March 31, 2026. A secretarial review conducted by Rekha Sejpal & Associates confirmed that the listed entity met the requirements of the SEBI Act, 1992, and the Securities Contracts (Regulation) Act, 1956. The report highlights that the company maintained proper board processes and compliance mechanisms throughout the review period.

Compliance Status

The review covered various SEBI regulations, including the Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, and the Prohibition of Insider Trading Regulations, 2015. The company confirmed that all applicable policies were adopted and updated timely, and its functional website disseminated necessary information. No directors were disqualified under Section 164 of the Companies Act, 2013, and there were no actions taken by SEBI or stock exchanges against the entity or its promoters.

Key Observations

While the overall compliance status was positive, the report noted a specific deviation regarding Regulation 44(3) of the SEBI LODR Regulations, 2015. There was a delay in submitting the voting results for October 2025. Consequently, a fine of Rs. 10,000 per instance of non-compliance was levied, which the company paid along with GST amounting to Rs. 11,800 on November 19, 2025.

Capital Structure Changes

During the financial year, the paid-up equity share capital of Emrock Corporation Limited increased from ₹5,22,00,000 to ₹15,82,00,000. This rise was due to the allotment of equity shares upon conversion of warrants on December 11, 2025, and December 15, 2025. The company issued 56,00,000 equity shares on the former date and 50,00,000 shares on the latter, complying with the Companies Act, 2013, and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Auditor and Governance

The report also examined compliance related to the resignation of statutory auditors as per SEBI circular CIR/CFD/CMD1/114/2019. These provisions were not applicable as the auditor did not resign during the review period. The company conducted performance evaluations of the board and committees and obtained prior approval for all related party transactions.