Emkay Global Financial Services Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, along with significant corporate developments including a key board appointment and successful debt fundraising.

Financial Performance Overview

The company's consolidated financial results showed mixed performance across different metrics for Q3FY26:

For the nine months ended December 31, 2025, the company reported consolidated net profit of ₹954.41 lakhs compared to ₹4,834.56 lakhs in the corresponding period of the previous year.

Revenue Composition and Segment Performance

The company's revenue from operations reached ₹8,707.65 lakhs in Q3FY26, driven primarily by fees and commission income of ₹7,702.34 lakhs. Interest income contributed ₹790.71 lakhs, while net gain on fair value changes added ₹124.46 lakhs to the top line.

The consolidated segment results showed:

Key Corporate Developments

Board Appointment

The Board of Directors approved the appointment of Raunak Karwa (DIN: 08632290) as Whole Time Director designated as Executive Director for a period of three years, effective February 1, 2026, subject to shareholder approval.

Raunak Karwa holds a B.A. (Economics) and has been Managing Director & CEO of Finlearn Edutech Private Limited since 2021. He founded FinLearn Academy & Trade:able in January 2020 and has five years of experience as an Analyst with Ernst & Young and ICICI Securities.

Debt Fundraising Success

The company successfully completed a Non-Convertible Debenture (NCD) issuance during the quarter:

Warrant Conversion Activity

During the quarter, the company received the remaining 75% consideration from Krishna Kumar Karwa (Promoter and Managing Director) for the conversion of 2,78,300 warrants into equal number of equity shares. The Management Committee allotted these equity shares on December 12, 2025, at an issue price of ₹239.50 including premium of ₹229.50 per share.

Operational Highlights

The company allotted 26,789 equity shares to eligible employees during the quarter pursuant to stock option exercises. As of December 31, 2025, the Group has 21,74,237 stock options outstanding under various ESOP schemes.

The company's operations continue to focus on two main business segments: Advisory, Transactional & Other Related Activities, and Financing and Investment Activities, with business operations primarily concentrated in India.

Emkay global financial services has received regulatory approval to list 278,300 equity shares following the conversion of warrants. This corporate development represents a significant step in the company's capital structure management and will result in an expansion of its equity base.

Warrant Conversion Details

The approval covers the listing of exactly 278,300 equity shares that have been created through the conversion of existing warrants. This process involves warrant holders exercising their rights to convert their warrants into regular equity shares of the company.

Impact on Share Capital

The conversion and subsequent listing of these shares will increase EMKAY Global Financial Services' total number of equity shares in circulation. Once listed, these shares will be available for trading on the stock exchange, providing additional liquidity to existing and potential investors.

Corporate Action Significance

This warrant conversion represents a standard corporate action that allows warrant holders to participate in the company's equity ownership. The regulatory approval ensures that all procedural requirements have been met for the listing of these additional shares, maintaining compliance with stock exchange regulations and investor protection norms.