Emkay Global Financial Services Limited has informed the Exchange regarding allotment of 1,00,000 Equity Shares pursuant to Exercise of Warrants at its Management Committee meeting held on 27th May, 2026
EMKAY · price
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Emkay Global Financial Services Limited has allotted 1,00,000 equity shares of Rs. 10 face value each to promoter Mr. Prakash Kacholia upon exercise of warrants. The conversion was done at Rs. 239.50 per share (including Rs. 229.50 premium), with the company receiving Rs. 179.625 per warrant as the balance 75% of the issue price, totaling Rs. 1.80 crore. This is the second conversion by Mr. Kacholia, who had also converted 1,00,000 warrants in April 2026. Post this allotment, Mr. Kacholia's shareholding increased from 17.88% to 18.18%, and he still holds 5,50,000 warrants pending conversion. The company's paid-up capital has increased from Rs. 27.13 crore to Rs. 27.23 crore.
Minor positive for shareholders as promoter stake has increased to 18.18%, indicating confidence. However, potential dilution of 0.037% will slightly reduce existing shareholders' ownership percentage.