Emkay Global Financial Services Limited has intimated the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) regarding the receipt of in-principle approval for listing of equity shares arising from the conversion of warrants. This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Details of Approval

  • NSE Approval: Received via letter dated July 10, 2026, bearing reference number NSE/LIST/55789
  • BSE Approval: Received via letter dated July 10, 2026, bearing reference number LOD/PREF/PR/FIP/491/2026-27
  • Security Details: 100,000 equity shares of face value Rs. 10 each
  • Issue Type: Shares allotted pursuant to conversion of equivalent warrants issued on a preferential basis
  • Allottee: Mr. Prakash Kacholia, identified as one of the Promoters of the Company
  • Distinctive Numbers: 27130132 to 27230131
  • Issue Price: Shares issued at a premium of Rs. 229.50 each (as per BSE letter)

Conditions for Final Listing and Trading Approval

The approval is subject to the following conditions:

1. Receipt of confirmation from depositories (NSDL/CDSL) regarding credit of shares to beneficiaries' accounts

2. Compliance with Regulation 167 of SEBI (ICDR) Regulations and subsequent SEBI specifications

3. Filing of shareholding pattern in XBRL mode if any change exceeds 2% of total paid-up share capital, as required under Regulation 31(1)(c) of SEBI LODR Regulations, 2015

4. Submission of the following documents to the Exchange for trading approval:

  • Listing approval from NSE (if applicable)
  • Confirmation letters from NSDL/CDSL about crediting shares to beneficiary accounts
  • Confirmation letters from NSDL/CDSL about lock-in of pre-preferential holding (if applicable)

Timeline Requirements

The company must apply for trading approval to the stock exchanges within seven working days from the date of grant of listing approval, as specified in SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023. Non-compliance will attract fines as mentioned in the same circular.

Signatories and Correspondence

The intimation was digitally signed by Nishant S. Shirke, Company Secretary and Compliance Officer of Emkay Global Financial Services Limited. The approval letters from the exchanges were signed by Pooja Pashte (Manager, NSE) and Janardhan Wagle (Deputy Vice President, BSE) with Pranav Rawale (Deputy Manager, BSE).