Emkay Global gets trading approval for 7.93 lakh promoter shares

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.

Sr No	Number of Shares	Distinctive Numbers Range	Lock-in End Date
1	3,78,300	26336732 to 26715031	18-Dec-2027
2	4,15,100	26715032 to 27130131	22-Dec-2027
Total	7,93,400

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.35%	+9.61%	+39.50%	+11.31%	+24.49%	+282.79%

Emkay Global Financial Services has secured in-principle approval from the National Stock Exchange of India Limited (NSE) and BSE Limited to list 7,93,400 equity shares arising from the conversion of warrants issued on a preferential basis. The shares, carrying a face value of ₹10 each, were allotted to promoters, increasing their stake in the company. The approvals were granted via separate letters dated June 8, 2026, covering two distinct tranches of share allotments.

The first tranche involves the listing of 3,78,300 equity shares allotted to two promoters. The second tranche covers 4,15,100 equity shares allotted to a single promoter. The stock exchanges have stipulated that trading approval will be granted only after the company submits confirmation letters from depositories NSDL and CDSL regarding the crediting of shares to beneficiary accounts.

Allotment Details

The following table details the distribution of the shares approved for listing:

Sr. No.:	Name of the Allottees	Category	No. of Shares Allotted
1	Mr. Krishna Kumar Karwa	Promoter	2,78,300
2	Mr. Prakash Kacholia	Promoter	1,00,000
	Total (Tranche 1)		3,78,300
1	Mr. Krishna Kumar Karwa	Promoter	4,15,100
	Total (Tranche 2)		4,15,100

Regulatory Compliance

The company must comply with Regulation 167 of the SEBI (ICDR) Regulations. Additionally, if the change in share capital exceeds two per cent, Emkay Global Financial Services is required to file the shareholding pattern in XBRL mode under Regulation 31(1)(c) of the SEBI LODR Regulations, 2015.

The exchanges have instructed the company to apply for trading approval within seven working days from the date of the listing approval, as per SEBI circular dated June 21, 2023. Failure to comply with this timeline may result in penalties. The company must also file confirmation letters regarding the lock-in of pre-preferential holding, if applicable.