Corporate Action27 May 2026, 06:33 pm
Emkay Global Allots 1,00,000 Equity Shares on Warrant Conversion
AI Summary
Emkay Global Financial Services Ltd has allotted 1,00,000 equity shares following the exercise of warrants by Prakash Kacholia. The allotment was approved at a Management Committee meeting on May 27, 2026. These shares, with a face value of ₹10 each and a premium of ₹229.50 per share, result from the conversion of warrants, with ₹179.625 received per warrant. Post-allotment, the company's issued, subscribed, and paid-up capital increased from ₹27,13,01,310 to ₹27,23,01,310.
Key Highlights
- Emkay Global allots 1,00,000 equity shares upon warrant conversion by Prakash Kacholia.
- Allotment approved at Management Committee meeting held on May 27, 2026.
- Equity shares issued at a face value of ₹10 each, with a premium of ₹229.50 per share.
- Company received ₹1,79,62,500, which is 75% of the issue price, for the warrants converted.
- Post-allotment, total paid-up capital increases to ₹27,23,01,310.
Price Impact
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