Emkay Global Financial Services Completes Equity Allotment of 50,000 Shares Following Warrant Conversion
Emkay Global Financial Services Ltd announced that its Management Committee approved and finalized the allotment of 50,000 equity shares to Mr. Prakash Kacholia, a Promoter of the company. This transaction was completed on July 13, 2026, following the conversion of warrants into equity shares after the payment of the balance subscription amount.The allotment relates to 50,000 convertible warrants which were converted into fully paid-up equity shares upon receipt of the balance consideration amount of Rs. 179.625 per warrant (which represents 75% of the Total Consideration Amount). The company confirmed that these newly allotted equity shares will rank pari-passu with all existing equity shares, including dividend.
The conversion and subsequent allotment resulted in an increase in the issued, subscribed, and paid-up capital of the company. The capital increased from Rs. 27,33,01,310, which was divided into 2,73,30,131 Equity Shares of face value Rs. 10 each, to Rs. 27,38,01,310, now divided into 2,73,80,131 Equity Shares of face value Rs. 10 each.
The company noted that it has allotted a total of 16,00,000 equity shares of Rs. 10 each to various allottees till date upon receipt of 75% of the total consideration amount.
Post-Allotment Status of Mr. Prakash Kacholia
Details regarding the outcome of the subscription for Mr. Prakash Kacholia are summarized in the table below, showing his shareholding status after the recent allotment:| Name of Allottee | Pre-Allotment Equity Shares (No.) | Pre-Allotment Share Holding (%) | Allotment from Warrants (No.) | Post-Allotment Equity Shares (No.) | Post-Allotment Share Holding (%) |
|---|---|---|---|---|---|
| Mr. Prakash Kacholia | 50,50,000 | 18.48 | 50,000 | 51,00,000 | 18.63 |
The company previously allotted warrants to various allottees, including Antique Securities Private Limited (Non-Promoter) and two Promoter shareholders: Mr. Krishna Kumar Karwa and Mr. Prakash Kacholia, for a total of 95,00,000 convertible warrants against a Total Consideration Amount of Rs. 227,52,50,000.
EMKAY Stock Price Movement
As of 12:18 PM, shares of Emkay Global Financial Services Limited are slipping by 1.86% in live trading, currently priced at ₹265.8 as the stock edges toward its day low of ₹264.8. The company’s equity saw a total volume of 9,915 shares traded during this session.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.
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