Regulatory9 Oct 2026, 06:09 pm
Emkay Global fined ₹82.9 Lakhs by NSE for Client Code Modifications
AI Summary
Emkay Global Financial Services Ltd has been fined ₹82,90,000 (₹82.9 Lakhs) by the National Stock Exchange of India (NSE) for client code modifications using a Member 'ERROR' Account during May-July 2026. The company received the communication on October 7, 2026. Emkay Global plans to file an appeal, expressing confidence in a favorable outcome with no expected material financial impact. The disclosure was delayed due to the company reviewing the communication and validating details, and a condonation of delay is requested. The company has also made this intimation available on its website.
Key Highlights
- NSE imposes ₹82.9 Lakhs penalty on Emkay Global.
- Penalty relates to client code modifications using Member 'ERROR' Account.
- Company to appeal the penalty, expects no material financial impact.
- Disclosure delayed; condonation of delay requested from authorities.
- Intimation available on the company's investor relations website.
Price Impact
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