Emkay Global Financial Services Limited has secured in-principle approval from the National Stock Exchange of India Limited (NSE) and BSE Limited to list 1,00,000 equity shares arising from the conversion of warrants issued on a preferential basis. The approval, granted on July 10, 2026, paves the way for these shares to be admitted to dealings on the exchanges, subject to final confirmations from depositories.

The equity shares, carrying a face value of ₹10 each, were allotted to promoter Prakash Kacholia following the conversion of equivalent warrants. The shares were issued at a premium of ₹229.50 each and bear distinctive numbers ranging from 27130132 to 27230131. The NSE reference number for the approval is NSE/LIST/55789, while the BSE reference number is LOD/PREF/PR/FIP/491/2026-27.

Listing Conditions and Compliance

The exchanges have specified that the shares will be listed and admitted to dealings only upon receipt of confirmation from depositories—NSDL and CDSL—regarding the credit of the beneficiaries' accounts. The company must also ensure compliance with Regulation 167 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations.

In the event of a change exceeding two per cent of the total paid-up share capital, Emkay Global Financial Services is required to file the shareholding pattern in XBRL mode under Regulation 31(1)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Allotment

The company must apply for trading approval within seven working days from the date of the listing approval, as per Schedule XIX of the ICDR Regulations and a SEBI circular dated June 21, 2023. Failure to comply with this timeline may result in penalties. The final trading approval is contingent upon the submission of listing approval from the other exchange and confirmation letters from the depositories regarding the lock-in of pre-preferential holding, if applicable.

emkay global financial services has received trading approval from the National Stock Exchange of India Limited (NSE) and BSE Limited for 7,93,400 equity shares allotted to promoters upon conversion of warrants. The shares were issued on a preferential basis under Chapter V of the Securities and Exchange Board of India (Issue and Capital Disclosure Requirements) Regulations, 2018. The trading approval was granted via letters dated June 18, 2026, and the shares are admitted to dealings on the exchanges from June 19, 2026.

The approvals cover two distinct tranches of shares. The first tranche comprises 3,78,300 equity shares, while the second tranche consists of 4,15,100 equity shares. Both tranches were allotted pursuant to the conversion of warrants issued on a preferential basis. The equity shares have a face value of ₹10 each and were issued at a premium of ₹229.50 per share.

Trading and Lock-in Details

The stock exchanges have confirmed that the shares are listed effective from June 19, 2026. However, in accordance with SEBI ICDR Regulations, these equity shares are subject to a lock-in period. The lock-in duration is set for 18 months from the receipt of the trading approval letters, which were issued on June 18, 2026.

Regulatory Compliance

The intimation was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has disclosed that there is no withdrawal, cancellation, or suspension of the license. The detailed information regarding the approval and lock-in period has been submitted to the exchanges as required under the SEBI Master Circular dated January 30, 2026.