Emerald Leisures Completes Share Allotment and Confirms Corporate Obligations
Emerald Leisures Ltd has finalized a significant share allotment, reporting the completion of a transaction under relevant corporate requirements. The company successfully allotted 165,000 shares, corresponding to an aggregate value of ₹6,00,000.The company confirmed that these shares were fully allotted following the issuance of one hundred series of shares. This action fulfills specific obligations and requirements stipulated under the Companies Act, 2013.
The transaction details, including financial structuring and repayment terms, are summarized below:
| Financial Aspect | Detail |
|---|---|
| Loan Amount | ₹8,00,000/- |
| Interest Rate | 10% per annum |
| Total Shares Issued | 165,000 shares |
| Repayment Schedule | Every 24 months (50% after 36 months) |
The commitment involves a mortgage or hypothecation over the company's assets and was secured by the requisite documentation. The terms for this obligation include specific payment structures regarding principal and interest payments, with the final payment due in six months.
The declaration concerning these corporate obligations was made on August 11, 2026, in Mumbai, concluding at 2:20 PM.
Stock Price Movement
At 14:31, Emerald Leisures Ltd shares are ticking up strongly at ₹219.00, reflecting a solid gain of 3.03%. The stock traded within its intraday range, finding support as it moved between a low of ₹207.00 and a high of ₹219.80.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.