Emrock Corp raises authorised capital to Rs 35 cr, issues 14.84 lakh warrants
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Emrock Corporation (formerly Vaghanti Techno-Build) got shareholder approval at EGM on June 27, 2025 to raise authorised capital from Rs 10 cr to Rs 35 cr (1 cr to 3.5 cr shares of Rs 10). Also approved issue of 14,84,000 convertible warrants at Rs 290 each (Rs 280 premium) on preferential basis to 39 allottees. 25 percent upfront, 75 percent on conversion within 18 months. Total deal about Rs 43 cr. Promoter group gets 5 lakh warrants; non-promoters get 9.84 lakh warrants.
Preferential issue will dilute existing shareholders by about 5 percent on full conversion. Company gets about Rs 43 cr cash. Promoter group also participating.