Emkay Global Financial Services Limited has made a regulatory disclosure regarding the allotment of equity shares upon conversion of warrants issued through a preferential allotment.

Background and Previous Allotment

The company refers to its earlier intimation dated 24th October 2025, where it had allotted 95,00,000 convertible warrants to the following allottees through preferential allotment on a private placement basis upon receipt of 25% of the Total Consideration Amount:

  • Antique Private Limited (Non-Promoter): 75,00,000 warrants for ₹179,62,50,000
  • Mr. Krishna Kumar Karwa (Promoter): 12,50,000 warrants for ₹29,93,75,000
  • Mr. Prakash Kacholia (Promoter): 7,50,000 warrants for ₹17,96,25,000
  • Total: 95,00,000 warrants for ₹2,27,52,50,000

Current Allotment Details

The Management Committee of the Company, at its meeting held on 21st September 2026 (commencing at 2:00 PM IST and concluding at 2:30 PM IST), approved the allotment of 1,00,000 equity shares of face value ₹10 each to Mr. Prakash Kacholia, a Promoter of the Company.

This allotment was made pursuant to the conversion of 1,00,000 warrants into equity shares upon payment of the balance subscription amount of ₹179.625 per warrant, which represents 75% of the Total Consideration Amount. The total amount received for this conversion was ₹1,79,62,500 (Rupees One Crore Seventy-Nine Lac Sixty-Two Thousand Five Hundred only).

Capital Structure Impact

The allotment has increased the company's issued, subscribed and paid-up capital from ₹27,82,55,800 (divided into 2,78,25,580 Equity Shares of ₹10 each) to ₹27,92,55,800 (divided into 2,79,25,580 Equity Shares of ₹10 each).

The newly allotted equity shares will rank pari-passu in all respects with the existing equity shares of the Company, including entitlement to dividends.

Historical Allotment Summary

The disclosure provides a comprehensive summary of all equity share allotments made to date upon conversion of warrants:

Mr. Krishna Kumar Karwa (Promoter) - Total: 12,50,000 shares

  • 2,78,300 shares on 12th December, 2025
  • 2,78,300 shares on 19th February, 2026
  • 2,78,300 shares on 30th April, 2026
  • 4,15,100 shares on 12th May, 2026

Mr. Prakash Kacholia (Promoter) - Total: 7,50,000 shares

  • 1,00,000 shares on 30th April, 2026
  • 1,00,000 shares on 27th May, 2026
  • 1,00,000 shares on 25th June, 2026
  • 50,000 shares on 13th July, 2026
  • 1,00,000 shares on 29th July, 2026
  • 50,000 shares on 21st August, 2026
  • 1,50,000 shares on 9th September, 2026
  • 1,00,000 shares on 21st September, 2026 (current allotment)

Regulatory Compliance Details

The disclosure includes Annexure I with specific details as required by Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)/2025-CFD-Pod2/l/3762/2026 dated 30th January, 2026:

  • Type of securities: Fully paid-up equity shares upon conversion of convertible warrants
  • Type of issuance: Allotment of Equity shares pursuant to exercise of warrants issued on preferential basis
  • Total number of securities: 1,00,000 equity shares of face value ₹10 each
  • Issue price: ₹239.50 per equity share
  • Number of investors: 1 (Mr. Prakash Kacholia)

Ownership Changes

Annexure II provides the post-allotment ownership outcome:

  • Mr. Prakash Kacholia's holding increased from 54,00,000 shares (19.41%) to 55,00,000 shares (19.70%)