Emkay Global Financial Services Limited has announced the successful allotment of non-convertible debentures worth ₹442.00 crore to strengthen its financial position and support business operations. The company has allotted 4,420 senior, unsecured, listed, rated, transferable, and redeemable non-convertible debentures with a two-year tenure.

Debenture Issuance Details

The key details of the NCD issuance are as follows:

Fund Utilization Strategy

Emkay Global Financial Services plans to utilize the proceeds from this debenture issuance for:

• General corporate purposes
• Working capital requirements

Investment Structure and Eligibility

The NCDs were issued on a private placement basis to eligible investors, which may include:

• Banks and financial institutions
• Mutual funds
• Foreign portfolio investors
• Individual investors
• Other entities in accordance with applicable law

Regulatory Compliance and Listing

The debenture allotment was completed in compliance with regulatory requirements under applicable laws. The NCDs will be listed on the Wholesale Debt Market segment of BSE Limited, providing liquidity options for investors and ensuring transparent price discovery in the secondary market.

Emkay Global Financial Services Limited has announced a postal ballot process to seek shareholder approval for appointing Mr. Ajay Mahajan as an Independent Director of the company. The postal ballot notice, dated November 28, 2025, was sent to shareholders on December 10, 2025, exclusively through electronic mode.

Postal Ballot Details

The company has structured the voting process with specific timelines and procedures for shareholder participation:

The postal ballot notice has been sent electronically to all members who have registered their email addresses with the Depository Participants and the company's Registrar and Transfer Agent, MUFG Intime India Private Limited, as on the cut-off date.

Proposed Director Appointment

The Board of Directors has recommended the appointment of Mr. Ajay Mahajan (DIN: 05108777) as an Independent Director through a Special Resolution. The Board initially appointed him as an Additional Director designated as Non-Executive and Independent Director effective December 1, 2025.

Director's Professional Background

Mr. Ajay Mahajan brings extensive experience in financial services and leadership roles. His educational qualifications include:

• B.E. (Hons) Electrical & Electronics Engineering from BITS, Pilani
• MBA from FMS, Delhi
• CFA from US CFA Institute

His professional experience spans over three decades in commercial and wholesale banking, financial markets, credit ratings, and fintech. He previously served as MD & CEO of CARE Ratings and built the wholesale and institutional banking business at IDFC First Bank. Currently, he serves as Managing Director & Partner, India, at Silicon Road Ventures, an Atlanta-based CommereTech focused family of funds, and Co-Founder & CEO of BondNest Capital.

Current Directorships and Roles

Mr. Mahajan holds directorship positions in several companies:

• ASK Asset Management Private Limited
• Silicon RD Ideation Labs Private Limited
• Knowledge Realty Office Management Services Private Limited
• Bondnest Capital India Securities Private Limited
• Finlabs India Private Limited
• FICC Capital Private Limited

He also serves as Chairman of Audit Committee and Nomination and Remuneration Committee at Knowledge Realty Office Management Services Private Limited and ASK Asset Management Private Limited.

Voting Process and Compliance

The company has appointed Mr. P.N. Parikh (Membership No. FCS327) of M/s Parikh Associates, Practicing Company Secretaries, Mumbai, as the Scrutinizer for conducting the postal ballot process. The voting will be conducted exclusively through remote e-voting facility provided by Central Depository Services (India) Limited (CDSL).

Shareholders holding equity shares as on the cut-off date of December 5, 2025, are eligible to participate in the voting process. The company has ensured compliance with all applicable provisions of the Companies Act, 2013, SEBI Listing Regulations, and MCA circulars for conducting the postal ballot through electronic means only.

The results of the postal ballot will be announced after receipt of the Scrutinizer's report and will be displayed at the company's registered office and uploaded on the company's website and CDSL's website. The results will also be communicated to BSE Limited and National Stock Exchange of India Limited simultaneously.