EMKAY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Emkay Global Financial Services Limited has filed its Annual Secretarial Compliance Report for FY 2025-26, certified by Practicing Company Secretaries Parikh & Associates. The report confirms the company has generally complied with SEBI regulations including LODR, PIT, and Depositories regulations. However, multiple regulatory penalties were levied by NSE and MCX totaling approximately Rs 2.41 lakh across 7 deviations, including issues with contract note issuance, KYC form modifications, client fund settlements, and maintenance of client ledgers. One MCX penalty of Rs 70,000 was contested and withdrawn. The company's subsidiary Emkay Commotrade Limited paid Rs 31.14 lakh towards NSEL settlement. All prior year penalties (totaling Rs 1 lakh from BSE, NSE, and MCX) were already paid.
The filing reveals recurring operational compliance issues at the stock brokerage, with multiple small penalties from exchanges. While the total penalty amount is modest, the pattern of non-compliances may attract regulatory scrutiny. The NSEL settlement payment for the subsidiary resolves a long-standing regulatory matter. Generally positive affirmation from secretarial auditor indicates no fundamental governance concerns.