Emkay Global Financial Services Limited has informed the Exchange regarding allotment of 4,15,100 securities pursuant to conversion of warrants at its management committee meeting held on May 12, 2026
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Emkay Global Financial Services has allotted 4,15,100 equity shares to promoter Mr. Krishna Kumar Karwa upon exercise and conversion of balance convertible warrants. The shares have a face value of Rs. 10 each and were issued at Rs. 239.50 per share (including premium of Rs. 229.50), raising approximately Rs. 7.46 crore for the company. This completes the full conversion of Mr. Karwa's original 12,50,000 warrants (he had already converted 8,34,900 warrants previously). Following this allotment, the company's paid-up capital has increased from Rs. 26.72 crore to Rs. 27.13 crore, and Mr. Karwa's shareholding has increased from 21.55% to 22.75%. The new equity shares will rank pari-passu with existing shares.
Promoter stake dilution is minimal as this is promoter-driven conversion. The share count increases by 1.55% but signals promoter confidence as Mr. Karwa paid the balance 75% subscription amount. No immediate impact on stock price expected as conversion was anticipated.