The board at there board meeting held on today 12th August,2025 approved change of name of the company subject to approval of central Government and members of the company at the ensuing AGM
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Vaghani Techno-Build Limited's board, meeting on 12 August 2025, approved the unaudited Q1 FY26 results (quarter ended 30 June 2025), reporting total income of Rs 19.29 lakhs versus Rs 4.31 lakhs in the same quarter last year, with profit before tax rising to Rs 9.57 lakhs from Rs 0.64 lakhs. The board approved changing the company's name to Emrock Corporation Limited, subject to central government and shareholder approval at the upcoming AGM. Two non-executive independent directors, Mr. Rohan Mansukh Shah and Mr. Bharat Laljee Shah, resigned citing personal reasons. The board also appointed M/s Krishna Bhavsar & Associates as secretarial auditor for five years (FY 2025-26 to FY 2029-30) and M/s Niyati S Loladia & Associates as internal auditor for FY 2024-25. Separately, the company had earlier allotted 2,35,35,491 convertible warrants on a preferential basis at Rs 10 per warrant, with 75% consideration already received, which will increase paid-up capital upon conversion.
The name change signals a possible business re-branding or pivot, but it remains subject to shareholder and regulatory approvals. Two independent directors resigning simultaneously is a governance event worth monitoring, while the strong jump in Q1 profits from a low base is encouraging but the absolute numbers remain small. The pending warrant conversion could lead to significant equity dilution for existing shareholders.