Annual General Meeting Details
- Date: Tuesday, September 29, 2026
- Time: 3:00 PM IST
- Mode: Video Conferencing (VC)/Other Audio Visual Means (OAVM)
- Cut-off date for determining members entitled to vote: Tuesday, September 22, 2026
- E-voting period: September 26, 2026 (9:00 AM) to September 28, 2026 (5:00 PM)
- Scrutinizer: Mrs. Rekha Damodar Sejpal, Practicing Company Secretary
Business to be Transacted
Ordinary Business
1. To receive, consider and adopt the audited standalone financial statements for FY ended March 31, 2026 together with reports of Board of Directors and Auditors
2. To reappoint Mr. Jatin Tulsibhai Patel (DIN: 01473158) as Director who retires by rotation
Special Business
3. To ratify appointment of M/s. Rekha Sejpal & Associates as Secretarial Auditor for 2025-26 and fix their remuneration
4. To appoint M/s. Rekha Sejpal & Associates as Secretarial Auditor for five years (FY 2026-27 to 2030-31) and fix their remuneration
5. Approval for material related party transactions proposed to be entered into by the Company
6. To take note of revised PCA certificate complying with Regulation 45 of SEBI LODR Regulations due to change of company name
Financial Performance Highlights (Standalone)
| Particulars | FY 2025-26 (₹ Lakhs) | FY 2024-25 (₹ Lakhs) |
| Total Income | 268.17 | 67.40 |
| Total Expenses | 88.11 | 44.29 |
| Profit Before Tax | 180.06 | 23.11 |
| Provision for Tax | 59.04 | 6.11 |
| Profit After Tax | 121.02 | 17.00 |
| Surplus brought forward | 211.26 | 194.26 |
| Balance carried to Balance Sheet | 355.73 | 211.26 |
Key Financial Position Indicators (as at March 31, 2026)
- Paid-up Equity Share Capital: ₹15,82,00,000 (1,58,20,000 equity shares of ₹10 each)
- Net Worth: ₹23,76,01,379.73
- Total Assets: ₹3,479.37 lakhs
- Total Liabilities: ₹1,103.35 lakhs
Capital Structure Changes
- Preferential allotment of 2,35,35,491 convertible warrants at ₹11 per warrant on May 10, 2025
- Conversion of 1,06,00,000 warrants into equity shares during FY 2025-26
- Increase in Authorized Share Capital from ₹30 crores to ₹35 crores approved at EGM on June 27, 2026
- 1,29,35,491 warrants pending conversion as of March 31, 2026
Business Operations and Strategy
- Company transitioned from loss-making to profitable position post successful open offer completion
- New management focused on four business activities: infrastructure projects, renewable energy, pharmaceuticals, and hospitality
- Object clause of Memorandum of Association amended to include infrastructure, renewable energy generation, pharmaceuticals, and hospitality
- Registered office shifted from Maharashtra to Gujarat (completed October 7, 2025)
- Company name changed from Vaghani Techno-Build Limited to Emrock Corporation Limited (effective December 1, 2025)
Subsidiaries and Investments
- Acquired 50.49% stake in Emrock Energy Private Limited (holds 5,04,900 equity shares)
- Acquired 51% stake in Emrock Renewable Private Limited (holds 5,100 equity shares)
- Holds 39% capital contribution in Emrock Signature Hospitality LLP (₹39,000 paid)
Related Party Transactions
Approval sought for material related party transactions with:
- Veer Developers (partnership firm where directors are partners): Up to ₹5 crores for purchase/lease/development of immovable property
- Uma Infracon (partnership firm where directors and relatives are partners): Up to ₹5 crores for purchase/lease/development of immovable property
- Tulsibhai C. Patel (related party): Up to ₹10 crores for purchase/lease/development of immovable property
- Jagdish V. Patel (related party): Up to ₹10 crores for purchase/lease/development of immovable property
- Emrock Energy Private Limited (subsidiary): Up to ₹25 crores for various transactions
- Emrock Renewable Private Limited (subsidiary): Up to ₹1 crore for various transactions
- Emrock Signature Hospitality LLP (associate): Up to ₹20 crores for various transactions
Director Changes
- Mr. Rohan Mansukh Shah (Independent Director) resigned on August 12, 2025
- Mr. Bharat Laljee Shah (Independent Director) resigned on August 12, 2025
- Mr. Parth Tulsibhai Patel appointed as Chairman of the Board on May 26, 2025
Auditor Appointments
- Statutory Auditor: M/s. Purushottam Khandelwal & Co., Chartered Accountants (for 5 years)
- Secretarial Auditor: M/s. Rekha Sejpal & Associates (proposed for 5 years from FY 2026-27)
- Internal Auditor: M/s. Kunal S Shroff & Co., Chartered Accountants
Key Compliance Information
- Shares trading/transfer compulsory in dematerialized form from April 1, 2019
- Company paid annual listing fees to BSE Limited for 2026-27
- No deposits accepted from public during the year under review
- No significant material orders passed by regulators/courts impacting going concern status
- No fraud reported by auditors under Section 143(12) of Companies Act, 2013
Material Events After Balance Sheet Date
- Allotment of 2,35,35,491 convertible warrants on preferential basis
- Change in object clause of company
- Shifting of registered office from Maharashtra to Gujarat
- Change of company name to Emrock Corporation Limited
- Acquisition of stakes in Emrock Renewable Private Limited and Emrock Energy Private Limited
Corporate Governance
- Board comprises 6 Directors including 3 Independent Directors
- 13 Board meetings held during FY 2025-26
- Committees: Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee
- Whistle Blower Policy established and operational
Shareholding Pattern (as on March 31, 2026)
- Promoters and Promoter Group: 74.63%
- Public Shareholding: 25.37%
- Foreign Holding: 0%
Registrar and Share Transfer Agent
Accurate Securities & Registry Private Limited, Ahmedabad
Bankers
The Kalupur Commercial Co-op Bank Ltd., IDBI Bank, AU Small Finance Bank Ltd., HDFC Bank Ltd.
Dividend
No dividend recommended for FY 2025-26 due to requirement of financial resources for future needs