Emkay Global Financial Services Receives In-Principle Approvals for Listing Equity Shares from Warrant Conversions
Emkay Global Financial Services Ltd has received in-principle approvals from the National Stock Exchange of India Limited (NSE) and BSE Limited concerning the listing of equity shares that arose from the conversion of warrants issued on a preferential basis.The company has secured two separate sets of approvals, both dated June 8, 2026, covering various allotments to promoters. These approvals concern equity shares with a face value of Rs. 10/- each.
In one set of approvals relating to the first batch of warrants, the Stock Exchanges granted permission for the listing of 3,78,300 Equity shares allotted to two promoters. The details of this allotment are as follows:
| Allottee Name | Category | Number of Shares Allotted |
|---|---|---|
| Mr. Krishna Kumar Karwa | Promoter | 2,78,300 |
| Mr. Prakash Kacholia | Promoter | 1,00,000 |
| Total | 3,78,300 |
For the second set of approvals granted by NSE and BSE, a total of 4,15,100 Equity shares were allotted to Mr. Krishna Kumar Karwa on a preferential basis pursuant to the conversion of warrants.
The details for this allotment are presented in the table below:
| Allottee Name | Category | Number of Shares Allotted |
|---|---|---|
| Mr. Krishna Kumar Karwa | Promoter | 4,15,100 |
| Total | 4,15,100 |
The In-Principle listing approvals for these equity shares have been received from the respective Stock Exchanges.
EMKAY Stock Price Movement
Emkay Global Financial Services Limited is rallying in live trading, climbing by 2.21% as of 1:49 PM to trade at ₹284 after gaining ₹6.14. The stock has traded within an intraday range of ₹274.21 and ₹286.76 so far today.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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