Key Quantitative Figures
The NSE has imposed a monetary penalty of ₹82,90,000 (Eighty-Two Lakh Ninety Thousand Rupees) on the company.
Dates of Action
The company received the communication from NSE regarding the penalty on October 7, 2026. The disclosure was filed with the exchanges on October 9, 2026.
Parties Involved
The penalty was imposed by the National Stock Exchange of India Limited (NSE) on Emkay Global Financial Services Limited in its capacity as a Trading Member.
Details of Violation
The penalty was imposed in connection with certain client code modification(s) using Member 'ERROR' Account for the period May-July 2026. The penalty was levied in accordance with provisions as per Annexure 1.6 Point 11 of Exchange Circular No. NSE/INSP/73792.
Financial Impact
Apart from the aforesaid monetary penalty of ₹82,90,000, the company states there is no material impact on its financial, operational or other activities.
Company Response and Outlook
The company is in the process of reviewing the communication and validating underlying details. Based on the company's assessment, an appeal will be filed against the penalty. The company is hopeful of a favorable outcome and does not reasonably expect to have any material financial impact.
Disclosure Timing
The disclosure could not be filed within the prescribed timeline as the company was reviewing the communication and validating details. The company requests condonation of delay, stating the delay was unintentional and without any mala fide intent.
Additional Information
This intimation is also available on the company's website at https://www.emkayglobal.com/ir-regulation-30-and-others. The document was signed by Nishant Shirke, Company Secretary and Compliance Officer, on October 9, 2026.