Emrock Corporation531676Warrant news
Board approves conversion of 55 lakh warrants into equity shares
Board on October 30, 2026 approved conversion of 55 lakh warrants into 55 lakh equity shares of Rs. 10/- each, after receipt of ~Rs.
By ScoutQuest · · 1 min read
- Warrants Converted
- 55 lakh warrants into 55 lakh equity shares of Rs. 10/- each
- Amount Received
- ~Rs. 4.54 crore at Rs. 8.25 per warrant (75% of issue price)
- Paid-up Capital
- Rs. 21.32 crore across ~2.13 crore shares; ~74.35 lakh warrants still pending conversion
What was approved
- The Board, at its meeting on October 30, 2026, considered and approved the conversion of 55 lakh warrants into an equal number of equity shares of the company.
- The conversion followed receipt of ~Rs. 4.54 crore from the allottees at Rs. 8.25 per warrant, being 75% of the issue price per warrant.
- The issue price per warrant is Rs. 11/-, so this payment is the balance portion due on each warrant.
Where these warrants came from
- The warrants belong to a larger pool of ~2.35 crore warrants allotted earlier on a preferential basis, each convertible into one equity share.
- The company had already allotted equity shares on conversion of warrants in separate tranches in December 2025.
- After this round, ~74.35 lakh warrants from that pool are still pending for conversion.
Share capital after the allotment
- Paid-up equity share capital now stands at Rs. 21.32 crore, consisting of ~2.13 crore equity shares.
- The newly allotted shares rank pari passu with the existing equity shares, subject to completion of necessary corporate actions and receipt of listing and trading approvals.
- Three promoter allottees figure in the list of allottees for this tranche, alongside non-promoter allottees.
What this means for a retail shareholder
- Each conversion brings subscription money into the company and adds shares to the total share count at the same time.
- A larger share count means each existing share represents a smaller slice of the company, all else remaining the same, so per-share figures such as earnings per share are read on a bigger base.
- Because a large block of warrants is still pending conversion, the share count can increase further when those are converted.
Also from Emrock Corporation
Whole-time director acquires ~18.48 lakh shares, 6.43% of capital, via warrant conversion
4 Nov 2026
Promoter director acquires 17,93,712 shares (6.24%) via warrant conversion
4 Nov 2026
Promoter-MD acquires 17,93,712 shares, 6.24% of capital, via warrant conversion
4 Nov 2026
More numbers
- Warrants converted into equity shares55,00,000
- Amount received on conversion4,53,75,000
- Balance paid per warrant (75% of issue price)Rs. 8.25/-
- Issue price per warrantRs. 11/-
- Total warrants in the original allotment2,35,35,491
- Warrants pending for conversion74,35,491
- Paid-up equity share capital after allotmentRs. 21,32,00,000
- Paid-up equity shares after allotment2,13,20,000
Source: BSE · 30 Oct 2026
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