Emkay Global Financial Services Limited , a prominent player in the financial services sector, has announced a significant equity investment from industry veteran Kirti Doshi. This strategic move is set to bolster the company's financial position and potentially fuel its growth plans.

Investment Details

The Board of Directors of Emkay Global Financial Services has approved the issuance of up to 95,00,000 convertible warrants on a preferential basis. The warrants, priced at Rs. 239.50 each, will be convertible into an equal number of equity shares within 18 months from the date of allotment. This move could potentially inject up to Rs. 227.52 crore into the company.

Key Investors

The preferential issue includes three key investors:

1. Antique Securities Private Limited (Non-Promoter): Up to 75,00,000 warrants
2. Krishna Kumar Karwa (Promoter): Up to 12,50,000 warrants
3. Prakash Kacholia (Promoter): Up to 7,50,000 warrants

Notably, Antique Securities Private Limited, with Mr. Kirti J Doshi and Mrs. Hina K Doshi as ultimate beneficial owners, will be subscribing to the majority of the warrants, potentially investing up to Rs. 179.62 crore.

Impact on Shareholding

Upon full conversion of the warrants, the shareholding structure of Emkay Global Financial Services will undergo significant changes:

Corporate Actions

To facilitate this preferential issue, the company has taken several corporate actions:

1. Amendment to the Articles of Association to empower the company for further issuance of securities.
2. Setting the warrant issue price at Rs. 239.50, which is above the floor price of Rs. 239.36 per equity share as per SEBI regulations.
3. Scheduling an Extraordinary General Meeting (EGM) on October 17, 2025, to seek shareholder approval for these measures.

Market Implications

This substantial investment by Kirti Doshi, an industry veteran, through Antique Securities Private Limited, signals strong confidence in Emkay Global Financial Services' future prospects. The infusion of fresh capital is expected to strengthen the company's financial position and potentially support its expansion plans in the competitive financial services sector.

Investors and market watchers will be keenly observing how Emkay Global utilizes this capital influx to drive growth and enhance shareholder value in the coming months.

The company has duly informed the National Stock Exchange of India Limited and BSE Limited about this development, adhering to regulatory disclosure requirements.

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.