Emrock Corporation Launches ₹12-15 Crore Hospitality Project in Ahmedabad
Emrock Corporation Limited has announced a major hospitality infrastructure project through its subsidiary EMROCK SIGNATURE HOSPITALITY LLP, marking a strategic expansion into the hospitality sector. The company holds a 39% stake in the Limited Liability Partnership (LLPIN-ACS-8026) that will undertake this ambitious development.
The subsidiary has secured a 14-year lease deed for developing a comprehensive hospitality project on a strategically located property. The development site spans approximately 9,652 square meters and is situated behind Club Babylon, Science City, Sola, Ahmedabad – 380060.
The proposed hospitality project will create multiple facilities designed to cater to various event and dining requirements: - Banquet Hall: Approximately 1,400 persons - Party Plot/Open Event Area: Approximately 1,200 persons - Restaurant: 250 persons seating capacity - Additional Amenities: Parking Facility
The total initial estimated cost for the project is expected to range between ₹12 crores to ₹15 crores. This substantial investment reflects the company's commitment to establishing a significant presence in the hospitality infrastructure segment.
The project is scheduled to be completed on or before December 31, 2026. The development is subject to the receipt of necessary approvals and the timely completion of construction activities.
This investment represents part of Emrock Corporation's strategic initiative to participate in hospitality infrastructure development and explore growth opportunities in this expanding segment. The company has indicated that further details will be disclosed as required under applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and compliance with regulatory requirements.
Emrock Corporation Limited, formerly known as Vaghani Techno Build Ltd, has a strong track record in real estate and solar business segments. The company reported exceptional Q3FY26 results with a net profit of ₹38.33 lakhs, driven by strong performance in real estate (₹47.00 lakhs revenue) and solar business (₹5.00 lakhs revenue) segments. The company successfully converted 1.06 crore warrants into equity shares, increasing paid-up capital from ₹522 lakhs to ₹1,582 lakhs. Nine-month performance showed net profit of ₹72.60 lakhs on total revenue of ₹125.59 lakhs, demonstrating robust operational efficiency and growth momentum.
The company's diversified business portfolio includes: - Real Estate Business : The primary revenue driver, generating ₹47.00 lakhs in Q3FY26 and contributing ₹31.77 lakhs to segment results. - Solar Business : Contributed ₹5.00 lakhs in revenue during Q3FY26, with segment results of ₹3.38 lakhs. For the nine-month period, this segment generated ₹35.00 lakhs in revenue with ₹23.90 lakhs in segment results. - Other Business Activities : Contributed ₹4.70 lakhs in revenue for Q3FY26, maintaining consistent performance with ₹4.61 lakhs in the previous quarter.
The conversion of 1,06,00,000 warrants into equity shares significantly strengthened the company's capital base, with the paid-up equity share capital increasing from ₹522 lakhs to ₹1,582 lakhs. The company's asset base expanded substantially, with total segment assets reaching ₹1,701.33 lakhs as of December 31, 2025, compared to ₹551.41 lakhs in the previous quarter. The solar business segment assets grew to ₹1,335.32 lakhs, while real estate business assets stood at ₹365.00 lakhs.
Emrock Corporation's strategic initiatives and robust financial performance position the company well for future growth and expansion in the hospitality and real estate sectors.
