Intimation of 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 has allotted 1,00,000 equity shares of Rs.10 each to promoter Mr. Prakash Kacholia, following the conversion of an equal number of warrants. The shares were issued at Rs.239.50 per share (Rs.10 face value + Rs.229.50 premium), with the balance 75% of the issue price (Rs.179.625 per warrant) received now upon conversion. This is part of a larger preferential allotment of 95,00,000 convertible warrants done on 24th October 2025, where Mr. Kacholia originally received 7,50,000 warrants. He had already converted 1,00,000 warrants in April 2026, and now 5,50,000 warrants remain pending for future conversion. Post-allotment, the company's paid-up capital increased from Rs.27.13 crore to Rs.27.23 crore. Mr. Kacholia's shareholding rose from 17.88% to 18.18% after this allotment.
The conversion adds a modest 1 lakh shares to the equity base, with promoter stake increasing slightly. While dilution is minimal, the full conversion of remaining 5.5 lakh warrants could further dilute equity. The transaction highlights ongoing warrant conversion activity by a promoter group.