Intimation of allottment of 4,15,100 Equity Shares pursuant to exercise of warrants at its Management Committee meeting held on 12.05.2026.
EMKAY · price
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Emkay Global Financial Services has allotted 4,15,100 equity shares to promoter Mr. Krishna Kumar Karwa upon conversion of balance warrants. The shares were issued at Rs. 239.50 each (face value Rs. 10 + premium Rs. 229.50), with the company receiving Rs. 7.46 crore as the balance 75% of the issue price. This conversion is part of the 95 lakh convertible warrants originally allotted on 24th October 2025 in a preferential issue. Mr. Karwa has now fully converted all his 12.5 lakh warrants, with no warrants remaining pending. The company's paid-up capital increased from Rs. 26.72 crore to Rs. 27.13 crore, and Mr. Karwa's stake rose from 21.55% to 22.75%.
Promoter stake dilution is minimal for non-promoter shareholders. The conversion brings fresh capital of Rs. 7.46 crore into the company. The stock may see slight EPS dilution due to increased share count, though the impact is small relative to total shares outstanding.