StockWatch
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Packaged Foods
AGM/EGM29 Jun 2026, 07:00 pm

Emrock Corp Increases Authorized Capital to ₹35 Cr, Approves Share Warrants

AI Summary

Emrock Corporation Ltd announced an increase in its authorized share capital from ₹10 crore to ₹35 crore, comprising 3.5 crore equity shares of ₹10 each. This was approved by the company's members at an Extra-ordinary General Meeting (EGM) held on June 27, 2025. Concurrently, the company also approved the issue of up to 14,84,000 share warrants, convertible into equity shares at ₹290 each, to promoter and non-promoter groups. The total value of the warrant issue is approximately ₹43.44 crore, with 25% payable on application and the remaining 75% upon conversion. The alteration of Clause V of the Memorandum of Association was also approved.

Key Highlights

  • Authorized capital increased from ₹10 Cr to ₹35 Cr.
  • Approved issuance of 14,84,000 share warrants.
  • Warrants convertible at ₹290 each, total issue value ₹43.44 Cr.
  • EGM approved capital increase and warrant issuance.
  • Alteration of Memorandum of Association Clause V approved.