Emerald Leisures Shareholders Approve Convertible Warrants Issue in EGM
Emerald Leisures Limited (BSE: 507265) held an EGM on November 10, 2025, where shareholders overwhelmingly approved the issuance of warrants convertible into equity shares on a preferential basis. The special resolution received 99.9962% approval with 2,082,303 votes in favor. The warrants will be issued to promoters/promoter group and non-promoters for cash consideration. The e-voting period was from November 7-9, 2025, with November 4, 2025, as the record date.
*this image is generated using AI for illustrative purposes only.
Emerald Leisures Limited , a company listed on the Bombay Stock Exchange (BSE: 507265), held an Extraordinary General Meeting (EGM) on November 10, 2025, where shareholders approved a significant corporate action. The meeting, conducted through video conferencing, saw the passage of a special resolution to issue warrants convertible into equity shares on a preferential basis.
Key Highlights of the EGM
- Meeting Details: The EGM was held on Monday, November 10, 2025, at 11:30 AM through Video Conferencing (VC)/Other Audio Visual Means (OAVM).
- Resolution Passed: Shareholders approved the issue of warrants convertible into equity shares on a preferential basis to promoters/promoter group and non-promoters for cash consideration.
- Voting Results: The resolution received overwhelming support with 2,082,303 votes in favor and only 79 votes against, representing a 99.9962% approval rate.
Voting Breakdown
| Category | Votes Polled | Votes in Favor | Votes Against | % in Favor |
|---|---|---|---|---|
| Public - Non Institutions | 2,082,382 | 2,082,303 | 79 | 99.996 |
| Total | 2,082,382 | 2,082,303 | 79 | 99.996 |
Additional Details
- Record Date: November 4, 2025
- E-voting Period: November 7-9, 2025
- Scrutinizer: Zankhana Bhansali & Associates, Practicing Company Secretaries
Management Comments
Mr. Jaydeep Vinod Mehta, Executive Director and Chairman of the EGM, explained that the purpose of the meeting was to seek approval for the issue and allotment of convertible warrants into equity shares on a preferential basis. He emphasized that the proposed issue is in accordance with Sections 23, 42, and 62(1)(c) of the Companies Act, 2013, and Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Implications
The approval of this resolution allows Emerald Leisures Limited to proceed with the issuance of convertible warrants, which could potentially lead to an increase in the company's equity capital. This move may provide the company with additional funds for various corporate purposes, although specific details about the use of proceeds were not disclosed in the available information.
Investors and market participants will be keen to observe how this capital raising initiative impacts the company's financial position and future growth strategies. The strong shareholder support for this resolution indicates confidence in the management's decision-making and the potential benefits of this corporate action.
As the company moves forward with this initiative, stakeholders will likely look for further announcements regarding the terms of the warrant issue, including the conversion price, timeline, and the specific amount of capital to be raised.
Historical Stock Returns for Emerald Leisures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.63% | +0.48% | -4.18% | +1.94% | +29.99% | +984.71% |
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