Emrock Corporation Limited issued a corrigendum to its notice for the 1st Extraordinary General Meeting (EGM) scheduled for June 27, 2026, to amend the resolution regarding the preferential allotment of share warrants. The company removed the name of Lattaben Patel from the list of proposed allottees to ensure compliance with Regulation 159 of the SEBI (ICDR) Regulations, 2018. The meeting will be held through video conferencing.

The company seeks approval to issue up to 14,84,000 share warrants on a preferential basis to identified promoters and non-promoters. Each warrant, convertible into one equity share with a face value of ₹10, is priced at ₹290, including a premium of ₹280. The total issue size aggregates to ₹43,03,60,000. The proceeds are intended to finance capital expenditure for solar and bio-CNG projects, hospitality ventures, and meet working capital requirements.

The upfront payment required is 25% of the warrant issue price, amounting to ₹72.50 per warrant, with the balance due upon conversion within 18 months. The pricing was determined based on a valuation report by independent valuer CS Abhishek Chhajed, which valued the equity shares at ₹289.44, rounded up to ₹290. The relevant date for pricing is May 27, 2026.

Utilization of Proceeds

The company has outlined the deployment of funds raised through the issuance of warrants. The allocation focuses on expanding operations in renewable energy, hospitality, and construction sectors.

Shareholding Pattern

The preferential issue will alter the company's shareholding pattern. Post-allotment, the promoter group's holding is expected to adjust to 71.12%, while public shareholding will increase to 28.88%, assuming full conversion of the warrants.

The corrigendum confirms that all other terms and conditions of the original EGM notice remain unchanged. The Board of Directors recommends the resolution for approval by the members.

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.