Allotment of 50,00,000 Equity share of Rs. 10 each pursuant to Conversation of 50,00,000 warrants as per details attached.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Emrock Corporation has converted 50 lakh warrants into equal number of equity shares of Rs. 10 face value, following receipt of the balance 75% subscription amount of Rs. 8.25 per warrant, aggregating to Rs. 4.125 crore. The warrants were originally issued on May 10, 2025 at Rs. 11 each on a preferential basis, with 25% paid upfront at the time of allotment. This conversion involves 8 allottees, including 3 promoters and 5 non-promoters. As a result, the company's paid-up share capital has increased from Rs. 10.82 crore (1.082 crore shares) to Rs. 15.82 crore (1.582 crore shares), a rise of about 46%. Additionally, 1.29 crore warrants remain pending conversion, which could lead to further dilution if exercised.
This allotment increases the share count by roughly 46%, leading to dilution for existing shareholders. However, the conversion is largely by promoters (about 37.5 lakh shares), showing their continued commitment. Investors should note that another 1.29 crore warrants are still pending conversion, which could create additional dilution pressure if exercised within the 18-month window.