Emkay Global Financial Services has appointed Rajesh Shah as an additional non-executive independent director on its board. The appointment is effective from August 19, 2026, for a term of five years ending on August 18, 2031, subject to shareholder approval.

The Board of Directors approved the move via a circular resolution dated August 18, 2026, based on recommendations from the Nomination, Remuneration and Compensation Committee. Mr. Shah will not be liable to retire by rotation under Section 149(13) of the Companies Act, 2013.

Director Profile

Mr. Shah brings approximately 30 years of corporate experience, primarily within the Aditya Birla Group. He is a commerce graduate and an Associate member of the Institute of Chartered Accountants of India.

His professional background includes:

• Serving as Chief Financial Officer for the Cement Division of Century Textiles & Industries Limited from November 2015 until the division merged with UltraTech Cement Limited.
• Experience in business review, budgeting, MIS, corporate accounts, strategic planning, M&A, commercial operations, risk management, and internal controls.
• Current role as a director of AB General Electoral Trust and managing his own investments.

Regulatory Disclosures

The company disclosed that Mr. Shah is not related to any existing directors and is not debarred from holding office by SEBI or any other authority. The intimation was filed under Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Emkay Global Financial Services shareholders approved all seven resolutions proposed at its 32nd Annual General Meeting (AGM) held on August 10, 2026. The meeting, conducted via video conferencing and other audio-visual means, concluded with unanimous support for key corporate governance and financial matters, including the adoption of audited financial statements for the fiscal year ended March 31, 2026.

The company reported a total of 12,103 shareholders as on the cut-off date of August 3, 2026. Participation was primarily digital, with 130 shareholders attending through video conferencing—comprising five from the promoter group and 125 from the public category. No shareholders were present in person or through proxy.

Voting Results Overview

All resolutions passed with overwhelming support. The promoter group, holding 20,053,984 shares, cast votes in favor of every resolution without any dissenting votes. Institutional investors, holding 207,979 shares, also voted unanimously in favor. Among non-institutional public shareholders, who hold 7,363,617 shares, voting participation was lower but support remained near-universal, with only two to three votes cast against specific resolutions.

Key Corporate Actions

The approval of the special resolution regarding the increase in borrowing limits and creation of charge on assets signals the company’s intent to expand its leverage capacity, potentially to fund growth initiatives or manage liquidity requirements. Similarly, the authorization for the issuance of non-convertible debentures (NCDs) on a private placement basis provides Emkay Global with a flexible avenue to raise debt capital from select investors.

The board also secured shareholder consent for the payment of commissions to independent directors for a five-year period spanning from FY27 to FY31. This resolution aims to ensure competitive remuneration for board oversight during this tenure. Additionally, Mr. S. K. Saboo (DIN: 00373201), who retired by rotation, was successfully reappointed as a director, maintaining continuity in the company’s leadership structure.

Scrutinizer’s Report

Parikh & Associates, acting as the scrutinizer, confirmed that the e-voting process complied with Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014. The remote e-voting period ran from August 7 to August 9, 2026, facilitated by Central Depository Services (India) Limited (CDSL). No invalid votes were recorded across any of the resolutions.