Emami Realty Limited has successfully completed the allotment of 82,00,000 equity shares following its Finance Committee meeting held on April 8, 2026. The shares were allotted at an issue price of ₹128.50 each through warrant conversion to promoter group entities, as communicated to BSE and NSE under Regulation 30 of SEBI Listing Regulations.

Finance Committee Meeting Outcome

The Finance Committee meeting was held at the company's registered office at Acropolis, 13th Floor, 1858/1 Rajdanga Main Road, Kasba, Kolkata, commencing at 12:30 PM and concluding at 1:00 PM. The committee approved the allotment of 82,00,000 fully paid-up equity shares with a face value of ₹2.00 each at an issue price of ₹128.50 per share, including a premium of ₹126.50 per equity share.

Allotment Details and Beneficiaries

The equity shares were allotted to two promoter group entities through warrant conversion. The allotment was made against conversion of existing unsecured loan equivalent to 75% of the warrant exercise price, amounting to ₹79,02,75,000.

SEBI Disclosure Filing

Following the warrant conversion, Suraj Finvest Private Limited filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on April 10, 2026. The disclosure was submitted to both stock exchanges and Emami Realty Limited, detailing the substantial acquisition by promoter group entities.

Capital Structure Impact

The warrant conversion has resulted in a significant increase in the company's paid-up capital from ₹8,76,67,778 to ₹10,40,67,778. The total amount raised through this conversion stands at ₹79,02,75,000, representing 75% of the warrant exercise price of ₹128.50.

Regulatory Compliance and Lock-in Provisions

The allotment was conducted in accordance with SEBI ICDR Regulations and received in-principle approvals from BSE Limited (Letter No. LOD/PREF/PR/FIP/07/2025-26 dated April 2, 2025) and National Stock Exchange of India Limited (Letter No. NSE/LIST/47389 dated April 3, 2025). The newly allotted equity shares will rank pari passu with existing equity shares and are subject to lock-in restrictions as prescribed under Chapter V of SEBI ICDR Regulations. Company Secretary Payel Agarwal communicated the outcome to both stock exchanges.

Emami Realty Limited successfully concluded its postal ballot process on March 27, 2026, with shareholders overwhelmingly approving two material related party transactions totaling ₹750,00,00,028. The company's Board of Directors had initiated the postal ballot process on February 23, 2026, seeking shareholder approval for strategic financial restructuring and business expansion initiatives.

Debenture Terms Modification Approved

The first resolution involved a significant modification to the company's existing debt structure. Shareholders approved changes to 8,53,65,854 Non-Convertible Debentures (NCDs) with a face value of ₹82 each, representing a total value of ₹700,00,00,028. The key modification involved revising the coupon rate from 7.50% per annum to 10% per annum, reflecting current market conditions and providing enhanced returns to debenture holders.

The resolution grants the Board of Directors authority to determine the effective date for the revised coupon rate implementation and provides flexibility to modify terms and conditions during the NCD tenure, subject to regulatory compliance and debenture holder approvals where required.

Strategic Acquisition Partnership

The second resolution approved a material related party transaction with Orbit Abasan Private Limited, where the company's MD & CEO serves as a director. This transaction involves the acquisition of project undertaking up to an aggregate limit of ₹50,00,00,000, expanding Emami Realty's project portfolio and business operations.

Overwhelming Shareholder Support

Both resolutions received exceptional shareholder support, demonstrating strong confidence in the company's strategic direction. The voting results were identical for both resolutions, with 83 members participating in the e-voting process.

Digital Voting Process

The postal ballot was conducted entirely through remote e-voting, adhering to Ministry of Corporate Affairs guidelines and SEBI regulations. The voting period commenced on February 26, 2026, at 10:00 AM and concluded on March 27, 2026, at 5:00 PM. Central Depository Services Limited (CDSL) provided the e-voting platform, while Mr. Raj Kumar Banthia of MKB & Associates served as the scrutinizer.

Key process highlights included:

• Cut-off date for eligible voters: February 20, 2026
• Notice dispatch completion: February 25, 2026
• Newspaper advertisement publication: February 26, 2026
• Results declaration: March 27, 2026

The company followed all regulatory requirements under the Companies Act, 2013, SEBI Listing Regulations, and applicable MCA circulars, ensuring transparent and compliant shareholder consultation. The successful approval of both resolutions positions Emami Realty for enhanced financial flexibility and strategic growth opportunities in the real estate sector.