CONVERSION OF 56,00,000 WARRANT INTO EQUITY SHARES TO PROMOTER AND PROMOTER GROUP.
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On December 11, 2025, the board of Emrock Corporation approved the conversion of 56,00,000 warrants into 56,00,000 equity shares of Rs. 10 face value each at Rs. 11 per share. The company received Rs. 4.62 crore as the balance 75% exercise price from allottees. Allottees include three promoters (Jatinkumar Tulsibhai Patel, Parth Tulsibhai Patel, Arjunkumar Jagdishbhai Patel) and seven non-promoter investors. After this conversion, the company's paid-up equity capital rises from Rs. 5.22 crore (52.2 lakh shares) to Rs. 10.82 crore (1.08 crore shares), more than doubling the share count. About 1.79 crore warrants are still pending conversion, which could lead to further dilution later.
The conversion brings fresh capital of Rs. 4.62 crore into the company but also dilutes existing shareholders by over 100% as share count has now more than doubled. Promoters' participation signals continued commitment, though watch out for the remaining 1.79 crore warrants pending conversion within 18 months, which could add more dilution pressure on the stock.