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.

Emkay Global Financial Services Limited has announced a significant move in the debt market with the approval of a Non-Convertible Debentures (NCDs) issue. The company's Management Committee has given the green light for this strategic financial decision, which aims to raise ₹54 crores through private placement.

Key Details of the NCD Issue

Implications and Outlook

The decision to issue NCDs suggests that Emkay Global Financial Services is looking to raise capital without diluting equity. This move could be aimed at various strategic objectives such as funding expansion plans, refinancing existing debt, or strengthening the company's working capital position.

The two-year tenure of these debentures indicates a medium-term financial strategy, potentially aligning with the company's growth plans or operational needs. The half-yearly interest payment schedule offers regular returns to investors, which could make these NCDs attractive to those seeking periodic income.

It's worth noting that these are unsecured debentures, which means they are not backed by any specific assets of the company. This factor might influence the interest rates offered and the type of investors who may find these NCDs suitable for their portfolio.

The listing on BSE's Wholesale Debt Market Segment is expected to provide liquidity to the investors, allowing for potential secondary market trading of these instruments.

As always, potential investors should carefully consider their risk appetite and investment goals before participating in such offerings. It's advisable to review the detailed terms and conditions of the issue, including the final interest rates, which will be determined through bidding on the Electronic Book Provider (EBP) Platform of BSE.

Emkay Global Financial Services' move to tap the debt market through this NCD issue reflects the company's proactive approach to capital management and could be an indicator of its future growth strategies.