Corporate Action29 Jul 2026, 12:23 pm
Emkay Global Allots 1 Lakh Shares on Warrant Conversion
AI Summary
Emkay Global Financial Services Ltd has announced the allotment of 1,00,000 equity shares of face value Rs. 10 each to Mr. Prakash Kacholia, a promoter. This allotment is a result of the conversion of 1,00,000 warrants into equity shares upon payment of the balance subscription amount of Rs. 179.625 per warrant. The company's issued, subscribed, and paid-up capital has consequently increased from Rs. 27,52,55,800 to Rs. 27,62,55,800. These newly allotted shares will rank pari-passu with existing equity shares. This is part of a larger preferential allotment of 95,00,000 convertible warrants initiated on October 24, 2025.
Key Highlights
- 1,00,000 equity shares allotted to promoter Mr. Prakash Kacholia.
- Allotment follows conversion of warrants upon payment of balance amount.
- Company's paid-up capital increased to Rs. 27,62,55,800.
- New shares rank pari-passu with existing equity shares.
- Part of a larger preferential allotment of 95,00,000 warrants.
Price Impact
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