Emkay Global Financial Services Limited has informed the Exchange about Receipt of In-Principle approvals for listing of Equity Shares pursuant to conversion of warrants issued on preferential basis

Emkay Global Financial Services has received in-principle approval from the stock exchange for the listing of equity shares arising from the conversion of warrants that were earlier issued on a preferential basis. This is a procedural step that follows the company's earlier preferential issue of warrants to specific investors. Once the warrants are actually converted into equity shares and final listing approval is obtained, the share count of the company will increase. Existing shareholders should expect some dilution of their holdings depending on the number of warrants being converted and the conversion price.