Pursuant to Regulation 30 of the SEBI (LODR) Regulation, 2015, Please find enclosed a copy of Notice of the Extraordinary General Meeting to be held on 10.11.2025 through VC/OAVM.
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Emerald Leisures Ltd has called an Extraordinary General Meeting on 10 November 2025 at 11:30 AM via video conferencing to seek shareholder approval for issuing 29,68,000 convertible warrants on a preferential basis at ₹225 per share (face value ₹5, premium ₹220), aggregating up to ₹66.78 crore. The warrants will be allotted to 51 proposed allottees, including 3 from the promoter/promoter group (Jaydeep Mehta, Kuntal Mehta, Nikhil Mehta – together 5,11,000 warrants) and 48 non-promoter entities (individuals, HUFs, partnership firms, and one BSE-listed company, Glance Finance Limited). Allottees must pay 25% on allotment and the remaining 75% at the time of conversion, which must happen within 18 months, after which unconverted warrants will be forfeited. The relevant date for pricing was fixed as 10 October 2025, and the issue will be subject to applicable SEBI ICDR lock-in rules.
If approved and fully converted, the preferential issue will dilute existing shareholders' equity by about 29.68 lakh shares and bring in up to ₹66.78 crore from promoters and selected non-promoter investors. The stock may see near-term pressure from potential dilution, but the premium pricing (₹220 over face value) signals promoter and insider confidence in the company's valuation.