Nature of the Event

Emrock Corporation Limited (formerly Vaghani Techno - Build Limited) has acquired a 51% equity stake in Emrock Renewable Private Limited, making it a subsidiary of the company. The acquisition is disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Key Quantitative Figures

  • Acquisition cost: ₹51,000
  • Number of shares acquired: 5,100 equity shares
  • Face value per share: ₹10
  • Total paid-up capital of Emrock Renewable: ₹1,00,000 (10,000 shares of ₹10 each)
  • Authorized share capital of Emrock Renewable: ₹1,00,000

Dates of Action

  • Subsidiary incorporation date: August 10, 2026
  • Acquisition intimation date: August 11, 2026
  • Document signing date: August 11, 2026 at 13:22:43 IST

Parties Involved

  • Acquiring entity: Emrock Corporation Limited (Scrip Code: 531676)
  • Target entity: Emrock Renewable Private Limited
  • Signing authority: Patel Parth Tulsibhai, Whole Time Director & CFO (DIN: 07289967)
  • Other directors: Jatinkumar Tulsibhai Patel (also director/promoter of Emrock Renewable)

Transaction Details

  • Nature of consideration: Cash subscription to paid-up share capital
  • Percentage acquired: 51% shareholding
  • Method of acquisition: Subscription to equity shares
  • Price per share: ₹10 (face value)

Subsidiary Company Details

  • Incorporation date: August 10, 2026
  • Registered address: 715, Accolade-2, S No. 750/2/2, F.P. 131, Sola, Ahmedabad, Gujarat, India, 380060
  • Industry: Renewable energy manufacturing and trading; photovoltaic (PV) cells, solar modules/panels, energy storage batteries, EV charging equipment, inverters and other clean energy products
  • Turnover: Nil for 2025-26 (newly incorporated)
  • Business objects: Research, development, testing, quality control and innovation in solar photovoltaic technologies and renewable energy products

Regulatory Aspects

  • Governmental/regulatory approvals required: Not applicable
  • Related party transaction: Yes, as Emrock Renewable is promoted by Emrock Corporation Limited and shares common directors
  • Arm's length nature: Implied but not explicitly stated
  • Time period for completion: Not applicable (already completed)

Financial Impact

The acquisition involves an cash outflow of ₹51,000 for 51% ownership of the subsidiary. The financial impact on Emrock Corporation Limited's consolidated financial statements will depend on the future operations of Emrock Renewable Private Limited.

#Tags: #EmrockCorporation #SubsidiaryAcquisition #SEBIDisclosure #RegulatoryCompliance #RenewableEnergy