Emkay Global Financial Services Limited has announced a significant move to raise capital through a preferential issue of convertible warrants. The company's Board of Directors has approved the issuance of up to 95 lakh convertible warrants, aiming to raise Rs 227.52 crore.

Key Details of the Warrant Issue

• Issue Price: Rs 239.50 per warrant
• Conversion Ratio: Each warrant is convertible into one equity share
• Conversion Period: 18 months from the date of allotment
• Total Warrants: Up to 95,00,000
• Total Fund Raise: Up to Rs 227.52 crore

Investors and Allocation

The warrants will be allocated to three investors:

Impact on Shareholding

Post-conversion of warrants, the shareholding structure is expected to change as follows:

• Antique Securities Private Limited will hold a 21.36% stake
• Krishna Kumar Karwa's holding will adjust to 17.58%
• Prakash Kacholia's holding will be 15.67%

Additional Corporate Actions

The Board has also approved:

1. An amendment to the Articles of Association to empower the company for further issuance of securities.
2. Convening an Extraordinary General Meeting (EGM) on October 17, 2025, to seek shareholder approval for these matters.

Regulatory Compliance

The warrant issue price of Rs 239.50 is above the calculated floor price of Rs 239.36 per equity share, as per SEBI regulations. The preferential issue is subject to shareholder approval and regulatory clearances.

Payment Terms

Investors will pay 25% of the warrant price upfront, with the remaining 75% due upon exercise of the warrants within the 18-month conversion period.

This strategic move by Emkay Global Financial Services Limited aims to strengthen its capital base and support future growth initiatives. The involvement of both promoter and non-promoter investors signals confidence in the company's prospects. Shareholders and market watchers will be keenly observing the outcome of the upcoming EGM and the subsequent utilization of the raised funds.

Emkay Global Financial Services Limited has announced a significant development in its corporate strategy. The company's Board of Directors is set to convene on September 22, 2025, to deliberate on a proposal for raising funds through a preferential issue of securities.

Key Points of the Announcement

• Board Meeting Date: September 22, 2025
• Primary Agenda: Consideration of fund-raising through preferential issue of securities
• Regulatory Compliance: The proposal will be in accordance with SEBI regulations and the Companies Act, 2013
• Shareholder Approval: The fund-raising plan is subject to approval from the company's shareholders

Trading Window Closure

In line with regulatory requirements and the company's commitment to preventing insider trading, Emkay Global has implemented the following measures:

• The trading window for the company's securities has been closed with immediate effect
• This closure applies to directors, promoters, designated persons, connected persons, and their immediate relatives
• The trading window will remain closed until 48 hours after the announcement of the board meeting outcome

Additional Board Considerations

The Board of Directors will also discuss:

• Convening an Extraordinary General Meeting (EGM)
• Initiating a Postal Ballot process to seek shareholder approval for the proposed fund-raising

Regulatory Disclosure

The company has made this announcement in compliance with Regulation 29(1)(d) and 50 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made to both the National Stock Exchange of India Limited and BSE Limited on September 17, 2025.

This strategic move by Emkay Global Financial Services Limited indicates the company's proactive approach to capital management and growth. Shareholders and market observers will be keenly awaiting the outcome of the September 22 board meeting and any subsequent shareholder approval process.