Emkay Global Financial Services Ltd

Emkay Global Financial Services Limited announced that it has received a communication from the National Stock Exchange of India Limited (NSE) regarding a monetary penalty of Rs 82,90,000 levied in connection with client code modifications using a Member ‘ERROR’ account during the period of May–July 2026. The company intends to file an appeal and anticipates a favorable outcome, stating it does not reasonably expect a material financial impact. The disclosure was delayed due to the company's review of the NSE communication, and Emkay Global is requesting condonation for the delay under SEBI Listing Regulations.

Emkay Global Financial Services Limited announced that Seshadri Sen resigned from the position of Head of Research & Strategy (Institutional Equities), with his last working day being September 30, 2026.

Emkay Global Financial Services Limited will close its trading window for company securities from October 1, 2026, until 48 hours after the declaration of its standalone and consolidated unaudited financial results for the quarter and half year ending September 30, 2026, in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Emkay Global Financial Services Limited announced the allotment of 100,000 equity shares to promoter Prakash Kacholia following the conversion of an equal number of warrants, according to a filing with the National Stock Exchange of India and BSE Limited on September 21, 2026. The allotment, priced at Rs 239.50 per share, increased the company’s issued, subscribed, and paid-up capital from Rs 27,82,55,800 divided into 2,78,25,580 equity shares to Rs 27,92,55,800 divided into 2,79,25,580 equity shares.

Emkay Global Financial Services Limited announced the allotment of 1,50,000 equity shares with a face value of Rs 10 each to promoter Mr. Prakash Kacholia, following the conversion of an equal number of warrants. The allotment, made on September 9, 2026, increased the company’s issued, subscribed, and paid-up capital from Rs 27,67,55,800 divided into 2,76,75,580 equity shares to Rs 27,82,55,800 divided into 2,78,25,580 equity shares. Mr. Kacholia’s shareholding now stands at 54,00,000 equity shares, representing 19.41% of the company.

Emkay Global Financial Services Limited announced that its Management Committee approved the allotment of 5,000 rated, listed, senior, unsecured, transferable, redeemable, taxable non-convertible debentures of Rs 1,00,000 each, aggregating to Rs 50,00,00,000, with a base issue size of Rs 25,00,00,000 and a green shoe option size of Rs 25,00,00,000, issued at a fixed coupon of 11.50% per annum payable half-yearly and proposed to be listed on the Wholesale Debt Segment of BSE Limited.

Emkay Global Financial Services Limited announced the appointment of Mr. Nikhil Sharma as Chief Information & Security Officer (CISO), effective September 8, 2026. Mr. Sharma, who brings over 12 years of experience in cybersecurity and information security governance within the financial services sector, previously worked at Jio BlackRock Asset Management, DSP Asset Managers, Aegon Life Insurance, J.P. Morgan, and Morgan Stanley.

Emkay Global Financial Services Limited announced the incorporation of Emkay Capital Private Limited in Mumbai, Maharashtra, on August 24, 2026, as a wholly owned subsidiary. The company subscribed to 100% of the subsidiary’s initial paid-up share capital, amounting to Rs 10,00,000, and the new entity will function as an investment company to enhance operational focus and provide strategic flexibility for Emkay Global.

Emkay Global Financial Services Limited announced the allotment of 50,000 equity shares with a face value of Rs 10 each to promoter Mr. Prakash Kacholia, following the conversion of an equal number of warrants. The allotment, made on August 21, 2026, increased the company’s issued, subscribed, and paid-up capital from Rs 27,62,55,800 divided into 2,76,25,580 equity shares to Rs 27,67,55,800 divided into 2,76,75,580 equity shares.

Emkay Global Financial Services Limited announced the approval to raise up to Rs 50 crore through the issuance of 5,000 rated, listed, senior, unsecured, transferable, redeemable, taxable non-convertible debentures (NCDs) on a private placement basis, with a base issue size of Rs 25 crore and a green shoe option of an additional Rs 25 crore. The NCDs have a face value of Rs 1 lakh each and will carry an 11.50% annual coupon, payable half-yearly, with a deemed date of allotment expected on September 7, 2026, and a proposed maturity date of September 7, 2029. The company also has a call option exercisable at various intervals, and the debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The Management Committee approved the issuance at a meeting held on August 21, 2026.