Emkay Global Financial Services will hold a management committee meeting on Friday, August 21, 2026, to consider and approve the issuance of non-convertible debentures (NCDs) on a private placement basis. This corporate action follows a prior intimation issued on May 12, 2026, regarding the company's intent to raise capital through debt instruments.

The proposal seeks approval for raising funds up to ₹100 crore through the issuance of secured or unsecured NCDs. The issuance will be conducted in accordance with Securities and Exchange Board of India (SEBI) guidelines for NCDs, the provisions of the Companies Act, 2013, and other applicable laws.

Regulatory Compliance and Trading Window

In adherence to Emkay Global Financial Services Limited’s Insider Trading Policy, the trading window for dealing in the company’s securities has been closed for insiders. The closure commenced on August 10, 2026, and will remain in effect until the expiry of 48 hours after the announcement of the outcome of the management committee meeting.

The initial prior intimation was filed pursuant to Regulation 29 and Regulation 50 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors had scheduled consideration of this proposal for its meeting on May 15, 2026.

Key Details of the Proposed Issue

The company notified both the National Stock Exchange of India Limited and BSE Limited of these developments. Nishant S. Shirke, Company Secretary and Compliance Officer, confirmed the scheduling of the meeting and the continued closure of the trading window for insiders.

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.