Emkay Global Financial Services has witnessed the entry of prominent investor Mahi Madhusudan Kela into its shareholding structure during the third quarter. Kela's name now appears in the company's records with a significant stake, marking his investment in the financial services firm.

Stake Acquisition Details

The investment details show Kela's position in the brokerage company during Q3:

About the Investment

Mahi Madhusudan Kela's emergence as a stakeholder in Emkay Global Financial Services represents a notable development in the company's investor profile. The 1.12% stake acquisition demonstrates the investor's confidence in the brokerage firm's business model and growth prospects.

Company Background

Emkay Global Financial Services operates in the stock and commodity broking sector, providing various financial services to its clients. The company's business encompasses brokerage services and other financial market-related activities, positioning it within India's financial services landscape.

The addition of Kela to the company's shareholding structure during Q3 adds a recognized market participant to Emkay's investor base, potentially bringing valuable market insights and experience to the organization.

Emkay Global Financial Services Limited has successfully completed its postal ballot process for appointing Mr. Ajay Mahajan as an Independent Director, with shareholders demonstrating overwhelming support for the proposal. The remote e-voting process concluded on January 9, 2026, at 5:00 p.m. (IST), marking the completion of a month-long voting period that began on December 11, 2025.

Voting Results and Participation

The postal ballot witnessed strong shareholder participation across all categories. The voting statistics demonstrate broad-based support for the appointment:

The special resolution received approval from 99.99% of the votes cast, with only 116 votes registered against the proposal. A total of 98 shareholders participated in the voting process, with 94 voting in favor and 4 voting against the resolution.

Resolution Details and Regulatory Compliance

The postal ballot was conducted pursuant to Section 110 of the Companies Act, 2013, and the Companies (Management and Administration) Rules, 2014. The company sought shareholder approval through a special resolution for the appointment:

The postal ballot notice was dated November 28, 2025, and was sent via email to all eligible shareholders whose names appeared in the Register of Members as of the cut-off date. The company utilized the e-voting facility provided by Central Depository Services (India) Limited (CDSL) for conducting the remote voting process.

Scrutinizer's Report and Validation

Ms. Sarvari Shah (Membership No. FCS 9697) of M/s Parikh & Associates, Company Secretaries, served as the scrutinizer for the postal ballot process. The scrutinizer's report, dated January 9, 2026, confirmed that the resolution was passed with the requisite majority as per regulatory requirements.

The scrutinizer maintained a register with necessary entries in accordance with the Companies (Management and Administration) Rules, 2014, and reviewed votes cast through the remote e-voting facility based on data downloaded from the CDSL e-voting system.

Regulatory Disclosures and Next Steps

The voting results and scrutinizer's report have been made available on the company's website at emkayglobal.com as required under Regulation 44(3) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The disclosure also serves as proceedings notification under Regulation 30 of the SEBI LODR Regulations.

Company Secretary and Compliance Officer B.M. Raul signed the regulatory filings submitted to both NSE and BSE on January 9, 2026, ensuring compliance with all applicable listing requirements and corporate governance norms.