Emkay Global Financial Services Limits Capital Following Warrant Conversion and Share Allotment
Emkay Global Financial Services Limited has seen an increase in its paid-up capital following the allotment of equity shares resulting from the conversion of warrants held by promoters. The company approved the allotment of 1,00,000 equity shares to Mr. Prakash Kacholia on July 29, 2026, after receipt of the balance subscription amount for the converted warrants.The Management Committee of the Company considered and approved this allotment, wherein 1,00,000 warrants were converted into equity shares. The conversion was completed upon payment of the remaining balance subscription amount of Rs. 179.625 per warrant, which represents 75% of the total consideration amount.
This transaction led to an increase in the issued, subscribed, and paid-up capital of Emkay Global Financial Services Limited. The company's capital increased from Rs. 27,52,55,800, divided into 2,75,25,580 Equity Shares of face value of Rs. 10 each, to Rs. 27,62,55,800, divided into 2,76,25,580 Equity Shares of face value of Rs. 10 each.
Prior to this recent allotment, the company had previously allotted a total of 17,00,000 equity shares to various allottees upon receipt of 75% of the total consideration amount. These newly allotted equity shares rank pari passu with existing equity shares of the Company, including dividend.
Equity Allotment Details by Investor
The following table outlines the allotment of securities and post-allotment status for Mr. Prakash Kacholia:| Name of the Allottee | Pre - allotment of securities (No. of shares) | Post - Allotment of Securities (No. of shares) |
|---|---|---|
| Mr. Prakash Kacholia | 51,00,000 | 52,00,000 |
Promoter and Investor Details on Warrant Allocation
The Company had previously allotted a total of 95,00,000 convertible warrants to three allottees in a private placement. The details of the initial warrant allocation are as follows:| Name of the Allotees | Category of the allottees | Number of Warrants allotted | Total Consideration Amount |
|---|---|---|---|
| Antique Securities Private Limited | Non-Promoter | 75,00,000 | Rs. 179,62,50,000 |
| Mr. Krishna Kumar Karwa | Promoter | 12,50,000 | Rs. 29,93,75,000 |
| Mr. Prakash Kacholia | Promoter | 7,50,000 | Rs. 17,96,25,000 |
Cumulative Allotment History
The table below provides a summary of the equity shares allotted to promoters upon conversion of warrants:| Name of the allottee | Category of allottee | Total No. of shares allotted |
|---|---|---|
| Mr. Krishna Kumar Karwa | Promoter | 12,50,000 |
| Mr. Prakash Kacholia | Promoter | 4,50,000 |
EMKAY Stock Price Movement
As of 12:50 PM, shares of Emkay Global Financial Services Limited are edging higher in live trading, currently standing at ₹240.8 after gaining 4.33% in the session. The stock shows strong intraday performance with a traded volume of 13,767 shares and has managed to climb above its previous close of ₹230.8.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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