This is to inform you that the Company had submitted the outcome of the Board Meeting held on 10th October, 2025 and submitted a revised outcome on 11th October, 2025 in supersession of ....
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Awaiting price reaction for this filing.
Emerald Leisures has filed a third revised version of its October 10, 2025 board meeting outcome, this time to correct clerical errors in the annexure listing names of 51 proposed investors for a preferential issue of convertible warrants. The board originally approved issuing 29,68,000 convertible warrants (convertible into equity shares of ₹5 face value) at an issue price of ₹225 each, including a premium of ₹220, on a private placement basis, subject to member approval. Promoters Jaydeep Vinod Mehta, Kuntal Nikhil Mehta and Nikhil Vinod Mehta together are proposed to receive 5,11,000 warrants, while 48 non-promoter investors will receive the balance. Warrant holders must pay 25% upfront at allotment and the remaining 75% upon exercise within 18 months; unexercised warrants will lapse and the upfront amount will be forfeited.
This filing is purely a clerical correction to the allottees list and does not alter the terms, pricing or size of the preferential warrant issue. For shareholders, the key ongoing risk is dilution: if all warrants are converted, the allottees' combined stake would rise from 62.30% to 68.52% of the expanded share base.