Emkay Global Financial Services Limited has announced a change in its Key Managerial Personnel (KMP), disclosing the superannuation of its Company Secretary and Compliance Officer and the appointment of a successor. The intimation was made in compliance with Regulations 30 and 51 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors approved the changes at its meeting held on May 15, 2026, based on the recommendation of the Nomination, Remuneration and Compensation Committee. The Board Meeting commenced at 16:00 p.m. and concluded at 17:30 p.m.

Leadership Transition in Secretarial Function

Mr. Bhalchandra Madhav Raul (ICSI Membership No. F1800) has retired from the services of the company with effect from close of office hours on May 15, 2026, pursuant to his reaching the age of superannuation. He has consequently ceased to hold the position of Company Secretary, Compliance Officer under the SEBI Listing Regulations, and Key Managerial Personnel and Senior Management Personnel of the company. The Board of Directors placed on record its sincere appreciation for Mr. Raul's outstanding contributions during his distinguished tenure of almost 10 years with the company and conveyed its best wishes for his future endeavours.

Mr. Nishant S. Shirke (ICSI Membership No. A23753) has been appointed as the Company Secretary and Compliance Officer under the SEBI Listing Regulations, and will also serve as Key Managerial Personnel, with effect from May 16, 2026. Mr. Shirke is a Commerce and Law graduate from Mumbai University and a member of The Institute of Company Secretaries of India. He brings over 17 years of experience in Legal, Secretarial, and Compliance functions, with previous stints at organisations including Mahindra & Mahindra Financial Services Limited, RBL Bank Limited, and Majesco Limited.

KMP Transition Summary

The following table summarises the key details of the personnel changes as disclosed under Clause 7 of Para A of Part A of Schedule III of the SEBI Listing Regulations:

Updated Key Managerial Personnel Details

In accordance with Regulation 30 of the SEBI Listing Regulations, the company has disclosed the updated list of KMPs authorised for determining the materiality of events and making disclosures to stock exchanges:

Regulatory Compliance

The intimation has been filed with both the National Stock Exchange of India Limited and BSE Limited as required under the applicable regulatory provisions. The disclosure has also been uploaded on the company's official website at www.emkayglobal.com . The filing was signed by Mr. Prakash Kacholia, Managing Director, on May 15, 2026.

Emkay Global Financial Services has allotted 4,15,100 fully paid-up equity shares to promoter Mr. Krishna Kumar Karwa on May 12, 2026, following the exercise and conversion of an equal number of convertible warrants. The allotment was approved by the company's Management Committee at its meeting held on the same date, which commenced at 15.00 P.M. (IST) and concluded at 15.30 P.M. (IST). This development is in furtherance of the company's earlier intimation dated October 24, 2025, regarding the preferential allotment of 95,00,000 convertible warrants.

Background: Original Warrant Allotment

On October 24, 2025, Emkay Global Financial Services had allotted 95,00,000 convertible warrants on a private placement basis to three allottees. An initial subscription amount of Rs. 59.875 per warrant, representing 25% of the issue price of Rs. 239.50 per warrant, was received at the time of allotment. The details of the original warrant allotment are as follows:

Warrant Conversion Details

Of the 12,50,000 warrants originally allotted to Mr. Krishna Kumar Karwa, 8,34,900 warrants had already been converted into equity shares prior to this allotment. The current allotment covers the remaining 4,15,100 warrants, completing Mr. Karwa's full conversion. The balance subscription amount of Rs. 179.625 per warrant, representing 75% of the issue price, was received for this tranche. The complete conversion details are presented below:

The equity shares have been allotted at a face value of Rs. 10 each, at a premium of Rs. 229.50 per share, resulting in an effective issue price of Rs. 239.50 per share. The newly allotted shares shall rank pari-passu in all respects with the existing equity shares of the company, including dividend, if any.

Impact on Share Capital and Shareholding

Following the allotment, the issued, subscribed, and paid-up share capital of the company has increased. The post-allotment shareholding of Mr. Krishna Kumar Karwa has also risen as a result of this conversion. The changes are summarised below:

Regulatory Compliance

The allotment has been made in compliance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure has been made in accordance with SEBI Master Circular No. HO/49/14/14(7)/2025-CFD-Pod2/1/3762/2026 dated January 30, 2026. With this allotment, no warrants remain outstanding to Mr. Krishna Kumar Karwa. The information has also been made available on the company's website at https://www.emkayglobal.com/ .