Background and Reference to Previous Disclosures

The filing references three previous intimations:

  • Dated 27th July, 2026: The Board of Directors had evaluated and deliberated upon a new operational structure for the Company's Wealth Management vertical by housing it under a new company to be incorporated as a wholly owned subsidiary
  • Dated 24th August, 2026: Regarding the incorporation of Emkay Capital Private Limited (ECPL) as a wholly owned subsidiary of the Company
  • Dated 28th October, 2026: Regarding the divestment of 100% equity investment held in Emkay Investment Managers Limited (EIML) and Emkay Wealth Advisory Limited (EWAL) to ECPL and transfer of the Wealth Management Business to EWAL

Board Approval Details

The Board of Directors of the Company, at its Meeting held on 28th October, 2026, approved the following restructuring initiatives:

  • Transfer of the 100% shareholding held by the Company in EIML to ECPL
  • Transfer of the 100% shareholding held by the Company in EWAL to ECPL
  • Transfer of the Wealth Management business of the Company to EWAL

Post-Restructuring Organizational Structure

Pursuant to the restructuring, the new organization structure of the EMKAY group is as follows:

  • Emkay Global Financial Services Limited continues to hold 100% shareholding in ECPL
  • ECPL holds 100% shareholding in both EIML and EWAL

Financial and Operational Impact

The disclosure explicitly states that:

  • The restructuring is an internal re-organisation within the group
  • The transaction does not involve any capital outflow
  • The underlying economic benefits continue to remain within the Company

Strategic Rationale

The stated purpose of the restructuring is to:

  • Enable focussed management attention to the wealth and investment management businesses
  • Provide ability to attract top talent to strategically grow these businesses to their full potential

Additional Materials

The company has enclosed a presentation describing the pre- and post-restructuring scenario pursuant to the approval granted by the Board of Directors. This presentation was requested to be disseminated to investors and stakeholders.