BSECompany Update23 Oct 2026 · 23 Oct 2026, 07:29 pm

Confirmation of Power Purchase AGreement with UGVCL details as per attachment

Emrock Corporation Ltd · 531676

✦ AI Summary▲ PositiveOrder Win

Emrock Corporation Ltd has confirmed a power purchase agreement with Uttar Gujarat Vij Company Limited for the supply of solar power aggregating 12 MW, comprising three solar power projects of 4 MW each. The PPAs are for a period of 25 years, subject to the terms and conditions of the respective agreements.

Analysis Scores

Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact9/10
Market Sentiment8/10

✦ Ask a Question

Ask anything about this announcement — AI will answer based on the filing content.

0/500

Full Announcement

Emrock Corporation Ltd - 531676 - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

Attachments (1)

📄

a762156a-be53-4978-be59-3efc94d350ce.pdf

pdf

Download →
View document text
Date: October 23, 2026 The Manager BSE Limited The Corporate Relationship Department Phiroze Jeejeebhoy Tower, Dalal Street, Fort Mumbai – 400 001 Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Confirmation of Power Purchase Agreements aggregating 12 MW with Uttar Gujarat Vij Company Limited Scrip Code: - 531676 Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), we wish to inform you that the Company has received confirmation from Uttar Gujarat Vij Company Limited (“UGVCL”) in respect of Power Purchase Agreements (“PPAs”) for the supply of solar power aggregating 12 MW, comprising three solar power projects of 4 MW each at three different locations. The PPAs are being entered into under the Gujarat Renewable Energy Policy, 2023, and provide for the supply of solar electricity for a period of 25 years, subject to the terms and conditions of the respective agreements. The details required under Regulation 30 of the SEBI LODR Regulations, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are set out below No. Particulars Details (a) Name of the entity awarding the Uttar Gujarat Vij Company Limited (UGVCL) order/contract (b) Whether the order/contract has been Domestic entity awarded by a domestic or international entity (c) Significant terms and conditions of the Power Purchase Agreements for the supply of solar order/contract electricity aggregating 12 MW, comprising three projects of 4 MW each, for a period of 25 years, in accordance with the terms of the respective PPAs. (d) Nature of the order/contract Power Purchase Agreements for the supply of solar power (e) Whether the order/contract is domestic Domestic or international (f) Time period by which the order/contract The PPAs provide for a tenure of 25 years. Power is to be executed generation is expected to commence on or before March 20, 2028, for one project and March 23, 2028, for the other two projects. (g) Broad consideration or size of the Based on the estimated minimum annual generation order/contract of approximately 77 lakh units per project and a tariff of ₹2.76 per unit, the estimated annual revenue is approximately ₹212.52 lakh per project. Accordingly, the three projects are expected to generate aggregate annual revenue of approximately ₹637.56 lakh (₹6.3756 crore), based on estimated aggregate annual generation of 231 lakh units. Actual generation and revenue may vary depending on actual power generation and the applicable terms of the PPAs. (h) Whether the promoter/promoter No interest, to the best of the Company's group/group companies have any knowledge and based on the information available interest in the entity awarding the to it. order/contract and, if so, the nature of such interest (i) Whether the order/contract would fall No; the transaction does not fall within related within related party transactions and, if party transactions. so, whether it is on an arm’s-length basis Status of the Company's solar power projects and PPAs with UGVCL Following the above confirmation, the Company's aggregate confirmed power supply commitments with UGVCL stand at 40 MW, comprising the projects detailed below: Number of Expected Sr. plants Aggregate completion/commencement No. Project status (4 MW each) capacity of power generation 1 Plant operational and 1 4 MW Already operational generating power 2 Plants under erection and 6 24 MW May 24, 2027 commissioning 3 Newly confirmed PPA 1 4 MW March 20, 2028 4 Newly confirmed PPAs 2 8 MW March 23, 2028 Total confirmed capacity 10 40 MW — In addition, the Company has a further proposal for solar power capacity with UGVCL that remains under consideration and is subject to UGVCL's confirmation. This capacity has not been included in the above total of confirmed commitments. The Company will make any further disclosures, as applicable, in accordance with the SEBI LODR Regulations. We request you to kindly take the above information on record. Thanking you, For, EMROCK CORPORATION LIMITED (Formerly, VAGHANI TECHNO - BUILD LIMITED) Jatinkumar Tulsibhai Patel Managing Director DIN: 01473158 Place: Ahmedabad