Emami Realty Announces Allotment of 82,00,000 Equity Shares to Promoter Group
The Finance Committee of the Board of Directors of Emami Realty Limited approved the allotment of 82,00,000 Fully Paid-up Equity Shares. The allotment pertains to the conversion of 82,00,000 warrants into equity shares on a preferential basis to the members of the Promoter Group.The decision was made during the Finance Committee meeting held on 8th April, 2026, at the registered office of the Company in Kolkata.
The details of the allotment are as follows:
- Issue Price: ₹ 128.50/- per Equity Share.
- Face Value: ₹ 2/- per Equity Share.
- Premium: ₹ 126.50/- per equity share.
The shares are allotted to two entities belonging to the Promoter Group:
| Name of Allottees | Number of Equity Shares Allotted | Number of Warrants Converted | Category |
|---|---|---|---|
| Suraj Finvest Private Limited | 41,00,000 | 41,00,000 | Promoter Group |
| Diwakar Finvest Private Limited | 41,00,000 | 41,00,000 | Promoter Group |
This allotment is made pursuant to the exercise of the right to convert existing warrants, which also accounted for the conversion of an Unsecured Loan. The remaining exercise price amounted to ₹ 79,02,75,000/- (Rupees Seventy-Nine Crores Two Lakh and Seventy-Five Thousand Only), representing an amount equivalent to 75% of the total Warrant Exercise Price of ₹ 128.50/-.
The equity shares so allotted shall rank pari passu with the existing equity shares of the Company in all respects.
Impact on Paid-up Capital
Following this allotment, the Paid-up Capital of the Company increased from ₹ 8,76,67,778/- to ₹ 10,40,67,778/-.Shareholding Changes
The conversion of warrants resulted in changes in the holding structure among the allottees. The details of the post-allotment holding are presented below:| Name of the Allottees | No. of equity shares allotted pursuant to conversion of Warrants | Holding Pre-preferential (No.) | Holding Pre-preferential (%) | Post Allotment of Equity Shares (No.) | Post Allotment of Equity Shares (%) |
|---|---|---|---|---|---|
| Suraj Finvest Private Limited | 41,00,000 | 1,34,42,850 | 30.67 | 1,75,42,850 | 33.71 |
| Diwakar Finvest Private Limited | 41,00,000 | 1,36,10,156 | 31.05 | 1,77,10,156 | 34.04 |
| Total | 82,00,000 |
The allotment of securities on a preferential basis is subject to lock-in restrictions as prescribed under Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
The meeting for the Finance Committee commenced at 12:30 P.M. and concluded at 1:00 P.M. on the date of the announcement.
EMAMIREAL Stock Price Movement
Shares of Emami Realty Limited are edging higher to ₹61.88 as of 1:33 PM, jumping 1.71% in live trading. Trading activity is visible as 13,164 shares have moved through the system thus far.Source:
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