Emkay Global Financial Services Allots 3.78 Lakh Equity Shares Following Warrant Conversion

Emkay Global Financial Services Limited has successfully completed the allotment of 3,78,300 equity shares on April 30, 2026, following the exercise of convertible warrants by two promoters. The Management Committee approved the allotment at its meeting held on April 30, 2026, which commenced at 2.00 P.M. (IST) and concluded at 2.30 P.M. (IST).

Warrant Conversion Details

The allotment stems from the original issuance of 95,00,000 convertible warrants on October 24, 2025, through preferential allotment on a private placement basis. The warrants were issued at Rs. 239.50 per warrant, with an initial subscription of 25% (Rs. 59.875 per warrant) paid upfront.

Parameter: Details Total Warrants Originally Issued: 95,00,000 Issue Price per Warrant: Rs. 239.50 Initial Payment (25%): Rs. 59.875 per warrant Balance Payment (75%): Rs. 179.625 per warrant

Current Allotment Breakdown

Two promoters exercised their warrants in the current tranche, with Krishna Kumar Karwa converting 2,78,300 warrants and Prakash Kacholia converting 1,00,000 warrants.

Allottee: Category Warrants Converted Amount Received (Rs.) Shares Allotted Krishna Kumar Karwa: Promoter 2,78,300 4,99,89,637.50 2,78,300 Prakash Kacholia: Promoter 1,00,000 1,79,62,500.00 1,00,000 Total: 3,78,300 6,79,52,137.50 3,78,300

Impact on Share Capital

The allotment has increased the company's issued, subscribed and paid-up capital significantly. The equity shares were allotted at a face value of Rs. 10 each with a premium of Rs. 229.50 per share.

Metric: Before Allotment After Allotment Paid-up Capital: Rs. 26,33,67,310 Rs. 26,71,50,310 Number of Shares: 2,63,36,731 2,67,15,031 Face Value per Share: Rs. 10 Rs. 10

Shareholding Changes

The warrant conversion has resulted in changes to the promoters' shareholding percentages in the company.

Promoter: Pre-Allotment Shares Pre-Allotment % Post-Allotment Shares Post-Allotment % Krishna Kumar Karwa: 54,79,100 20.80% 57,57,400 21.55% Prakash Kacholia: 47,50,000 18.04% 48,50,000 18.15%

Outstanding Warrants

Following this conversion, significant warrants remain outstanding for future exercise. Krishna Kumar Karwa retains 4,15,100 warrants pending conversion, while Prakash Kacholia has 6,50,000 warrants remaining. Notably, Karwa had previously exercised 5,56,600 warrants in December 2025 and February 2026.

The newly allotted equity shares rank pari-passu in all respects with existing equity shares of the company, including dividend rights. The company has informed stock exchanges NSE and BSE about this development in compliance with SEBI Listing Regulations.

Emkay Global Financial Services Limited has formally notified stock exchanges about its upcoming board meeting scheduled for May 15, 2026. The announcement, made on April 30, 2026, fulfills regulatory requirements under Regulations 29 and 50 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The board meeting will address two primary matters of significant importance to shareholders and stakeholders:

Agenda Item: Details Financial Results Review: Consider and approve audited standalone and consolidated financial results for Q4 and year ended March 31, 2026 Dividend Recommendation: Evaluate and recommend dividend on equity shares for FY ended March 31, 2026 Shareholder Approval: Dividend recommendation subject to approval at ensuing Annual General Meeting

The comprehensive review will encompass both quarterly and annual performance metrics, providing stakeholders with complete financial transparency for the concluded fiscal year.

Trading Window Restrictions

In compliance with the company's Code of Conduct for Prevention of Insider Trading, Emkay Global Financial Services has implemented trading window restrictions. The trading window for dealing in company securities remains closed and will continue until May 17, 2026. This closure was previously communicated to exchanges on March 30, 2026, ensuring adherence to insider trading prevention protocols.

Regulatory Compliance

The company has fulfilled all mandatory disclosure requirements by notifying both major stock exchanges:

NSE: Equity Scrip Code EMKAY

BSE: Equity Scrip Code 532737, Debt Scrip Codes 976528, 977388

Additionally, the information has been made available on the company's investor relations website at emkayglobal.com, ensuring transparent communication with all stakeholders as required under Regulation 46(2) of SEBI Listing Regulations.

The formal communication was signed by B. M. Raul, Company Secretary & Compliance Officer, maintaining proper corporate governance standards throughout the disclosure process.

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