| Market Cap | ₹363.86 CrSmall Cap |
|---|---|
| P/E TTM | 295.99xSector 27.89x |
| 1-Year Return | 156.41%Price Performance |
| Deal value | ₹2.03 Cr |
| Share of market cap | 0.6% |
| Share of annual revenue | 86.0% |
Key highlights
- Conversion of warrants into 18,48,067 equity shares of face value ₹10 each on November 3, 2026
- Total net purchase value for the transaction recorded at ₹2,03,28,737
- Director's post-acquisition holding stands at 72,22,098 shares, representing a 25.12% stake
- Massive equity expansion noted with total diluted capital reaching 28,75,54,910 shares
- Transaction aligns with recent solar power PPA signings and Bio-CNG project developments
Director Increases Stake via Preferential Allotment
Arjunkumar Jagdishbhai Patel, a Whole-time Director of Emrock Corporation Ltd, finalized the conversion of warrants into 18,48,067 equity shares on November 3, 2026. This strategic move, valued at ₹2.03 crore, represents approximately 86% of the company's trailing twelve-month revenue of ₹2.36 crore. Following the conversion, Patel's total shareholding in the company stands at 7,222,098 shares, which accounts for 25.12% of the total diluted voting capital.
The transaction was executed via preferential allotment, reflecting a direct capital infusion into the entity as it scales its operations in the green energy sector.
Significant Equity Expansion and Capital Structure
- Pre-acquisition equity capital consisted of 2,13,20,000 shares of ₹10 each
- Total diluted voting capital expanded to 28,75,54,910 shares following multiple allotment rounds
- The current warrant conversion constitutes 6.43% of the newly expanded paid-up capital
- Conversion price reflects a stated net purchase value of ₹2,03,28,737
- Promoter group maintains a robust latest holding of 74.63% in the company
Solar Energy Commitments and Future Milestones
The capital infusion comes as Emrock Corporation, formerly known as Vaghani Techno-build Limited, aggressively expands its renewable energy portfolio. As of October 23, 2026, the company confirmed 25-year Power Purchase Agreements with UGVCL for 12 MW solar power projects, bringing its total commitments to the utility to 40 MW. Operationally, the firm is working toward commissioning a 24 MW AC solar PV project in Gujarat by May 2027 and a 1,600 TPA Bio-CNG facility by June 2027.
These developments follow a quarter where revenue grew 203.1% year-on-year, reaching ₹0.45 crore.
| Date | Announcement | Amount |
|---|---|---|
| 03 Nov 2026 | Allotment of 74,35,491 equity shares pursuant to conversion of warrantsSource: screener.in | ₹6.13 Cr |
| 30 Oct 2026 | Allotment of 55,00,000 equity shares pursuant to conversion of warrantsSource: crisp.scoutquest.in | ₹4.54 Cr |
| 23 Oct 2026 | Confirmation of 25-year Power Purchase Agreements from UGVCL for 12 MW solar power projectsSource: vyqon.in | – |
What to watch next
- Un-audited financial results for Q2 and H1 FY27 to be approved on November 4, 2026
- Scheduled commercial operation of the 24 MW AC solar PV project in Gujarat by May 24, 2027
- Target commissioning of the 1,600 TPA Bio-CNG project by June 30, 2027
| Share price | ₹230 |
|---|---|
| Market capitalisation | ₹363.86 Cr |
| Revenue (annual) | ₹2.06 Cr |
| Net profit (annual) | ₹1.21 Cr |
| Revenue (latest quarter) | ₹0.45 Cr-52.28% vs previous quarter |
| Net profit (latest quarter) | ₹0.19 Cr-53.66% vs previous quarter |
| P/E (TTM) | 295.99×Sector 27.89× |
| Promoter holding | 74.63%0.00% QoQ |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Emrock Corporation Limited announcing the conversion of warrants into equity shares by a director. Market figures from a third-party data provider.
