This is a regulatory disclosure pursuant to Regulation 30 of the SEBI Listing Regulations regarding the allotment of equity shares following the exercise of convertible warrants.

Nature of the Event

The company has allotted equity shares upon the conversion of convertible warrants that were originally issued on a preferential basis.

Background and Previous Allotment

On 24th October 2025, the company had allotted 95,00,000 convertible warrants to three allottees via a preferential allotment on a private placement basis:

  • Antique Securities Private Limited (Non-Promoter): 75,00,000 warrants
  • Krishna Kumar Karwa (Promoter): 12,50,000 warrants
  • Prakash Kacholia (Promoter): 7,50,000 warrants

An initial subscription amount of ₹59.875 per warrant (25% of the issue price of ₹239.50) was received at the time of the original warrant allotment.

Current Warrant Exercise and Allotment

Out of the total warrants, promoter Prakash Kacholia had previously exercised 1,00,000 warrants in April 2026, for which 1,00,000 equity shares were allotted.

On 27th May 2026, Mr. Kacholia exercised a further 1,00,000 warrants. The Management Committee approved the allotment of 1,00,000 equity shares of face value ₹10 each, at a premium of ₹229.50 per share. This was done against the receipt of the balance 75% of the subscription amount, which is ₹179.625 per warrant.

Financial and Capital Structure Impact

  • Amount Received: ₹1,79,62,500 (1,00,000 warrants × ₹179.625)
  • Total Issue Price per Share: ₹239.50 (₹10 face value + ₹229.50 premium)
  • Paid-up Capital Increase: The issued, subscribed, and paid-up capital increased from ₹27,13,01,310 (divided into 2,71,30,131 equity shares) to ₹27,23,01,310 (divided into 2,72,30,131 equity shares).

Post-Allotment Status for the Allottee

  • Prakash Kacholia (Promoter):
  • Warrants originally held: 7,50,000
  • Warrants already converted (prior to this): 1,00,000
  • Warrants converted in this tranche: 1,00,000
  • Warrants pending conversion: 5,50,000
  • Equity holding pre-allotment: 48,50,000 shares (17.88%)
  • Equity holding post-allotment: 49,50,000 shares (18.18%)

Terms and Conditions

The newly allotted equity shares will rank pari-passu with the existing equity shares of the company in all respects, including for dividend.

Meeting Details

The Management Committee meeting was held on 27th May 2026, commencing at 17:30 IST and concluding at 18:00 IST.

Additional Information

The information has been made available on the company's website at https://www.emkayglobal.com/.