The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Arjunkumar Patel
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Mr. Arjunkumar Jagdishbhai Patel, Whole Time Director and part of the promoter group of Emrock Corporation Ltd (formerly Vaghani Techno-Build Limited), acquired 14,28,000 equity shares on 11th December 2025 by converting previously held warrants into equity shares. The transaction is valued at approximately Rs. 1.57 crore (around Rs. 110 per share). This acquisition constitutes 13.20% of the total paid-up capital and 4.97% of the diluted share capital. After the conversion, Mr. Patel's direct voting rights holding more than doubled from 4.56% to 9.53%, while his aggregate stake (including remaining convertible securities) stands at 25.31% of the total equity capital. The company's total share capital has doubled from Rs. 5.22 crore to Rs. 10.82 crore as a result of this warrant conversion.
This is a pre-committed promoter action with no fresh cash outflow, signalling continued insider commitment to the company. However, the share count has doubled, which means existing shareholders now own a smaller proportional stake — a dilution impact that was already pre-decided when warrants were originally issued.