Disclosure under Regulation 30 of SEBI LODR Regulations

Emrock Corporation Limited (Scrip Code: 531676) has made a disclosure to BSE Limited on October 23, 2026, pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Nature of the Event

The company has received confirmation from Uttar Gujarat Vij Company Limited (UGVCL) for Power Purchase Agreements (PPAs) for the supply of solar power. The agreements aggregate to 12 MW and comprise three solar power projects of 4 MW each at three different locations.

Significant Terms and Conditions

  • Awarding Entity: Uttar Gujarat Vij Company Limited (UGVCL), a domestic entity.
  • Policy Framework: The PPAs are being entered into under the Gujarat Renewable Energy Policy, 2023.
  • Contract Tenure: The agreements provide for the supply of solar electricity for a period of 25 years.
  • Execution Timeline: Power generation is expected to commence on or before March 20, 2028, for one project and March 23, 2028, for the other two projects.
  • Financial Consideration: The estimated minimum annual generation is approximately 77 lakh units per project. The tariff is fixed at ₹2.76 per unit. This translates to an estimated annual revenue of approximately ₹212.52 lakh (₹2.1252 crore) per project. For all three projects, the aggregate estimated annual revenue is approximately ₹637.56 lakh (₹6.3756 crore), based on an estimated aggregate annual generation of 231 lakh units. The disclosure notes that actual generation and revenue may vary.
  • Promoter Interest: The company confirms that, to the best of its knowledge, the promoter/promoter group/group companies have no interest in UGVCL.
  • Related Party Transaction: The transaction does not fall within related party transactions and is not on an arm's-length basis.

Status of Solar Power Projects with UGVCL

Following this confirmation, the company's aggregate confirmed power supply commitments with UGVCL stand at 40 MW, detailed as follows:

  • Operational Plant: 1 plant (4 MW capacity) is already operational and generating power.
  • Plants Under Execution: 6 plants (24 MW aggregate capacity) are under erection and commissioning, with an expected completion date of May 24, 2027.
  • Newly Confirmed PPAs: 3 plants (12 MW aggregate capacity) are newly confirmed, with expected power commencement dates of March 20, 2028 (1 plant) and March 23, 2028 (2 plants).

The company also notes that a further proposal for solar power capacity with UGVCL remains under consideration and is not included in the confirmed total of 40 MW.

Regulatory and Contact Information

The disclosure is signed by Jatinkumar Tulsibhai Patel, Managing Director (DIN: 01473158). The company's registered office is at 7th Floor, 715, Anushri Accolade-2, Nr. Ugati Lakeview, Science City Road, Sola, Ahmedabad-380060, Gujarat, India.