Emrock Corporation Limited (formerly Vaghani Techno - Build Limited) has disclosed the placement of a material procurement order in connection with its 24 MW AC Solar Power Project, pursuant to a Power Purchase Agreement (PPA) executed with Uttar Gujarat Vij Company Limited (UGVCL). The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was filed on May 12, 2026, following a Board of Directors meeting held on the same date.

Material Procurement Order for Solar PV Modules

Emrock Corporation has placed a procurement order with Greenpill Renewable Energy Limited, a domestic entity, for the supply of Solar PV Modules/Panels required for the project. The order covers procurement and supply of modules for a 4 MW AC Solar Power Project at each of six locations — Village Kada, Kakoshi, Kamana, Mitha, Sadra, and Umbari — all situated in the state of Gujarat. The key details of the procurement order are as follows:

Power Purchase Agreement with UGVCL

The procurement order is directly linked to the Power Purchase Agreement executed between Emrock Corporation and Uttar Gujarat Vij Company Limited (UGVCL) under the Gujarat Renewable Energy Policy – 2023. Under the PPA, the company is committed to supplying 4 MW AC solar electricity at each of the six locations for a period of 25 years. The significant terms of the PPA are detailed below:

Projected Revenue from the Solar Project

The PPA outlines the anticipated generation and revenue metrics for the project. At each of the six locations, a minimum of approximately 77 lakh units of electricity is expected to be generated annually at a tariff of Rs. 2.76 per unit, translating to an approximate revenue of Rs. 212.52 lakhs per annum per location. On an aggregate basis across all six sites, the project is projected to generate approximately 462 lakh units annually, yielding an approximate minimum revenue of Rs. 1275.12 lakhs per annum.

Corporate Background

The disclosure was signed by Jatinkumar Tulsibhai Patel, Managing Director (DIN: 01473158), from Ahmedabad. The company, formerly known as Vaghani Techno - Build Limited, is now operating under the name Emrock Corporation Limited. The Board's decision to commence implementation of the solar power project marks a significant step in the company's renewable energy expansion under the Gujarat Renewable Energy Policy – 2023.

Emrock Corporation Limited (formerly Vaghani Techno-Build Limited) has announced the appointment of Mr. Parth Tulsibhai Patel as Whole Time Director of the company. The decision was taken at a Board Meeting held on May 12, 2026, which commenced at 4:00 P.M. and concluded at 6:00 P.M. (IST). The appointment was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board-Level Appointment

The appointment of Mr. Parth Tulsibhai Patel was based on the recommendation of the Nomination and Remuneration Committee. He has been appointed to hold office for a period of five years, effective May 12, 2026, through May 11, 2031, subject to approval of shareholders at the ensuing General Meeting. The disclosure was made in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Appointment Details

The following table summarises the key details of the appointment as disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:

Regulatory Compliance

The company has disclosed all requisite details as mandated under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the applicable SEBI circular. The intimation was submitted to the Bombay Stock Exchange Limited and signed by Managing Director Mr. Jatinkumar Tulsibhai Patel (DIN: 01473158). The appointment underscores the company's adherence to regulatory disclosure norms governing key managerial personnel changes.