Disclosure Under Regulation 30 of SEBI (LODR) Regulation, 2015.
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Awaiting price reaction for this filing.
Emerald Leisures is issuing 29,68,000 convertible warrants on a preferential basis at ₹225 each (including a premium of ₹220 over the ₹5 face value), potentially raising up to ~₹66.78 crore if all warrants are exercised. The warrants are being allotted to 51 investors, including promoters Jaydeep Vinod Mehta and Nikhil Vinod Mehta (each getting 2,00,000 and 1,56,000 warrants respectively) and promoter group member Kuntal Nikhil Mehta. Allottees must pay 25% upfront and the remaining 75% on exercise of warrants within 18 months, after which unexercised warrants lapse. This filing is a revised version of the October 10, 2025 board outcome, correcting a typographical error in the name of one proposed investor, with all other terms unchanged. Post-issue promoter shareholding would rise from 62.30% to 68.52% assuming full conversion.
Existing public shareholders face potential dilution if all warrants convert into equity shares, but increased promoter participation signals insider confidence in the company's prospects.