It has been observed that due to a typographical error, the name of the proposed investor was incorrectly mentioned in the annexure attached to the said outcome.
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Emerald Leisures has filed a revised outcome of its October 10, 2025 board meeting, correcting a typographical error in the name of one proposed investor in the annexure. The original approval was for issuing 29,68,000 convertible warrants on a preferential basis, each convertible into one equity share of ₹5 face value at an issue price of ₹225 (including ₹220 premium), payable with 25% upfront and the balance 75% on exercise within 18 months. The warrants are proposed to be allotted to 51 allottees, including three promoter/promoter group members (Jaydeep Vinod Mehta, Kuntal Nikhil Mehta, and Nikhil Vinod Mehta) and 48 non-promoter individuals/HUFs/firms. The combined post-issue shareholding of these allottees would rise from 62.30% to 68.52% assuming full conversion. No other terms of the issue have changed.
This is a clerical correction and does not alter the substance of the preferential warrant issue. Shareholders should note the potential dilution of roughly 6.2 percentage points in promoter/non-promoter holdings once warrants are exercised, though it depends on whether allottees choose to convert within the 18-month window.