Announced Mon, 15 Jun · 17:07 IST
Corrigendum to EGM Notice for 14.84 Lakh Convertible Warrants Issue
Board & Shareholder Meetings View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.8%1-day move
₹283.00
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-1.8-3.3-3.0-3.5-2.1-0.6-6.7-10.2——
Up moveDown movePending
AI summary
Corrigendum to Emrock Corporation's June 27 EGM notice. Removes 'Lattaben Patel' as allottee. Company seeks approval to issue 14,84,000 convertible warrants at Rs. 290 each, raising Rs. 43.03 crores from promoters and non-promoters. Funds for solar projects (Rs. 26.4 cr), Bio-CNG (Rs. 4 cr), hospitality (Rs. 10 cr), working capital and general purposes. Promoter holding drops from 74.63% to 71.12% post-issue.
Likely market impact
Rs. 43 cr capital raise for solar, Bio-CNG, hospitality expansion. Promoter stake dips from 74.63% to 71.12%—mild dilution. No control change.