Emkay Global promoters disclose FY26 shareholding details

Emkay Global Financial Services Limited disclosed the shareholding details of its promoters and promoter group members for the financial year ended March 31, 2026. The company submitted these declarations to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filings confirm that no new encumbrances were created on the shares during the financial year 2025-26, other than those previously disclosed.

The disclosures provide a breakdown of the shareholding held by various promoter group entities as of March 31, 2026. The total reported shares across the disclosed entities amount to 1,88,10,584 shares.

Shareholding Breakdown

The following table details the shares held by each promoter and promoter group entity:

Promoter / Promoter Group Entity	Shares Held
Mr. Krishna Kumar Karwa jointly with Mrs. Priti Karwa	54,79,100
Mr. Prakash Kacholia jointly with Mrs. Priti Kacholia	47,50,000
Emkay Corporate Services Private Limited	48,51,484
Mrs. Priti Kacholia jointly with Mr. Prakash Kacholia	18,80,000
Raunak Karwa	17,50,000
Krishna Kumar Karwa (HUF)	1,00,000
Murlidhar Karwa (HUF)	1,00,000

Key Declarations

Mr. Krishna Kumar Karwa, acting jointly with Mrs. Priti Karwa, declared a holding of 54,79,100 shares. Mr. Raunak Karwa was identified as a Person Acting in Concert (PAC) in this declaration. Separately, Mr. Prakash Kacholia and Mrs. Priti Kacholia declared holdings of 47,50,000 shares and 18,80,000 shares respectively.

Emkay Corporate Services Private Limited reported holding 48,51,484 shares. The Hindu Undivided Families (HUFs) of Krishna Kumar Karwa and Murlidhar Karwa each declared holdings of 1,00,000 shares. All signatories confirmed that they had not created any direct or indirect encumbrances on these shares during FY26 beyond prior disclosures.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.85%	-0.05%	-6.04%	-25.51%	-1.39%	+165.08%

Emkay Global Financial Services has released its audited financial results for the fourth quarter and financial year ended March 31, 2026, with the results published in Business Standard (English) and Navshakti (Marathi) on May 16, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company reported a significant surge in consolidated revenue for the quarter, driven by strong performance across its Institutional Equities and Investment Banking segments.

Q4 FY26 Consolidated Financial Performance

The company's consolidated audited results for the quarter ended March 31, 2026, reflect robust top-line growth. Total income from operations for Q4 FY26 stood at ₹14,838.80 Lakhs, a 109% increase compared to ₹7,104.22 Lakhs in Q4 FY25. Despite the revenue surge, net profit after tax (including share of profit/loss of associates) for the quarter was ₹565.69 Lakhs, compared to ₹848.50 Lakhs in Q4 FY25. Profit before tax for the quarter was ₹960.04 Lakhs, a sharp increase from ₹95.33 Lakhs in the prior year period. Total Comprehensive Income for Q4 FY26 stood at ₹572.23 Lakhs against ₹806.32 Lakhs in Q4 FY25.

The following table presents the key consolidated financial metrics for the quarter and sequential comparison:

Metric (₹ in Lakhs)	Q4 FY26 (Audited)	Q3 FY26 (Unaudited)	Q4 FY25 (Audited)
Total Income from Operations	14,838.80	8,707.65	7,104.22
Profit Before Tax	960.04	601.35	95.33
Net Profit After Tax (incl. associates)	565.69	430.15	848.50
Total Comprehensive Income	572.23	475.28	806.32
Basic EPS (₹)	2.20	1.68	3.40
Diluted EPS (₹)	2.05	1.59	3.28

Full Year FY26 Consolidated Performance

For the full financial year ended March 31, 2026, Emkay Global Financial Services reported total income from operations of ₹37,695.62 Lakhs, compared to ₹33,616.93 Lakhs in FY25. Net profit for the year (including share of profit/loss of associates) stood at ₹1,520.10 Lakhs, against ₹5,683.06 Lakhs in the previous year. Total Comprehensive Income for FY26 was ₹1,577.01 Lakhs compared to ₹5,559.00 Lakhs in FY25. The company's net worth as of March 31, 2026, was recorded at ₹38,067.13 Lakhs, up from ₹30,316.78 Lakhs in the prior year.

Metric (₹ in Lakhs)	FY26 (Audited)	FY25 (Audited)
Total Income from Operations	37,695.62	33,616.93
Profit Before Tax	2,119.12	6,073.07
Net Profit After Tax (incl. associates)	1,520.10	5,683.06
Total Comprehensive Income	1,577.01	5,559.00
Net Worth	38,067.13	30,316.78
Equity Share Capital	2,618.91	2,536.70
Reserves (excl. Revaluation Reserve)	35,448.22	27,780.08
Paid-up Debt Capital	9,020.00	4,600.00
Debt Equity Ratio	0.24	0.15
Basic EPS (₹)	5.92	22.80
Diluted EPS (₹)	5.51	21.95
Debt Service Coverage Ratio	2.73	10.98
Interest Service Coverage Ratio	2.73	10.98

Standalone Financial Performance

On a standalone basis, Emkay Global Financial Services reported revenue from operations of ₹14,355.66 Lakhs for Q4 FY26, compared to ₹6,925.00 Lakhs in Q4 FY25. Standalone profit before tax for the quarter was ₹1,225.43 Lakhs against ₹291.38 Lakhs in Q4 FY25, while profit after tax stood at ₹811.82 Lakhs compared to ₹1,095.69 Lakhs in the year-ago period. For the full year FY26, standalone revenue from operations was ₹34,898.88 Lakhs versus ₹31,531.61 Lakhs in FY25.

Metric (₹ in Lakhs)	Q4 FY26 (Audited)	Q3 FY26 (Unaudited)	Q4 FY25 (Audited)	FY26 (Audited)	FY25 (Audited)
Revenue from Operations	14,355.66	7,948.25	6,925.00	34,898.88	31,531.61
Profit Before Tax	1,225.43	433.86	291.38	1,638.94	6,104.47
Profit After Tax	811.82	313.08	1,095.69	1,190.14	5,891.28
Total Comprehensive Income	793.01	340.64	1,059.55	1,183.85	5,773.06

Business Segment Highlights

The Institutional Equities business facilitated 43 roadshows and 149 corporate interactions during the year. The Investment Banking division completed five ECM transactions aggregating ₹41,781.5 million, including IPOs for Innovision Limited and Amirchand Jagdish Kumar Exports Limited. In Asset Management, the overall Assets Under Management (AUM) grew by approximately 30% to cross the ₹15,500 million mark. The PMS platform expanded by 31%, while the AIF AUM grew by 28%. The Wealth Management business faced a challenging environment with pressure on Assets Under Management and revenues due to global uncertainties and volatile market conditions.

Regulatory Compliance

The audited financial results were prepared in accordance with Indian Accounting Standard (Ind AS) 34 — Interim Financial Reporting, prescribed under Section 133 of the Companies Act, 2013, and in compliance with Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the audited standalone and consolidated financial results is available on the stock exchange websites and on the company's website at www.emkayglobal.com .