Emkay Global Financial Services Ltd

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.

Emkay Global Financial Services Limited announced the appointment of Mr. Rajesh Shah as an Additional Non-Executive Independent Director to its Board of Directors, effective August 19, 2026, for a term of five years, subject to shareholder approval. Mr. Shah, who holds DIN 06390775, has approximately 30 years of corporate experience, most recently serving as Chief Financial Officer of the Cement Division of Century Textiles & Industries Limited until its merger with UltraTech Cement Limited, and is currently a Director of AB General Electoral Trust.

Emkay Global Financial Services Limited announced that Dr. Satish Ugrankar completed his five-year term as an Independent Director on August 9, 2026, and has ceased to be a member of the company's Board of Directors, relinquishing his roles as Chairperson of the Stakeholder’s Relationship Committee, and a member of the Audit Committee and Nomination, Remuneration and Compensation Committee.

Emkay Global Financial Services Ltd announced that ICRA Limited has reaffirmed and revised the outlook on its outstanding Non-convertible Debentures of Rs 100.00 to Stable from Positive, while also reaffirming the rating of [ICRA]BBB+ (Stable); ICRA has further reaffirmed and assigned ratings of [ICRA]A2+ for short-term Non-fund based bank lines amounting to Rs 300.00, and assigned ratings of [ICRA]BBB+ (Stable) and [ICRA]A2+ for Long term/ Short term – Fund based/ Non -fund based bank lines of Rs 800.00 each, with rationale details available on the ICRA website; other instruments rated by ICRA include Non-convertible debentures of Rs 44.20 maturing December 18, 2025, Rs 46.00 maturing March 24, 2025, Rs 109.80, and Rs 109.80 listed on the SEBI source, alongside a Non-convertible debenture programme of Rs 200.00 each with ratings of BBB+ (Stable) and BBB+ (Positive), alongside various other instruments and financial metrics including Equity Capital Market Transactions of Rs. 4,178 crore, a Capitalisation Profile of ~Rs. 410 crore, Gearing of 0.3 times, Fund-Based Borrowings, Outstanding Warrants of ~Rs. 143 crore, Broking Business revenue of Rs. 192 crore, Investment Banking Business income of Rs. 101 crore, Wealth Management Business assets of Rs. 15,458 crore, and Asset Management Business assets of Rs. 1,595 crore.

Emkay Global Financial Services Ltd announced credit rating actions from ICRA Limited and ICRA, covering a range of instruments including Non-convertible debentures totaling 100.00 and 100.00, Long term/ Short term Fund based/ Non -fund -based bank lines amounting to 800.00 and 800.00, and Debt Securities of Rs. 109.80 crore; ICRA reaffirmed the [ICRA]BBB+ (Stable) rating and revised the outlook to Stable from Positive for Non-convertible debentures of 100.00 and 100.00, while also assigning a [ICRA]BBB+ (Stable) rating to another set of Non-convertible debentures of 100.00, and assigned [ICRA]BBB+ (Stable) and [ICRA]A2+ ratings to Long term/ Short term Fund based/ Non -fund -based bank lines of 800.00 and 800.00 respectively, with the latter also reaffirmed and assigned on an enhanced amount, alongside an initial AAA rating for an NCD of 100 Crore, an A+ rating for a Bank Loan of 50 Crore currently under review due to potential restructuring, and a sensitivity label of Restricted for Debt Securities of Rs. 109.80 crore dated Jul 31, 2026, with further rating details available at www.icra.in.

Emkay Global Financial Services Limited announced the allotment of 1,00,000 equity shares with a face value of ?10 each to promoter Mr. Prakash Kacholia, following the conversion of an equal number of warrants. The allotment, made on July 29, 2026, increased the company’s issued, subscribed, and paid-up capital from ?27,52,55,800 divided into 2,75,25,580 equity shares to ?27,62,55,800 divided into 2,76,25,580 equity shares. The company has allotted a total of 17,00,000 equity shares to Mr. Krishna Kumar Karwa and Mr. Prakash Kacholia upon receipt of 75% of the total consideration amount.

Net profit of Emkay Global Financial Services rose 90.59% to Rs 9.11 crore in the quarter ended June 2026 as against Rs 4.78 crore during the previous quarter ended June 2025. Sales rose 26.02% to Rs 91.29 crore in the quarter ended June 2026 as against Rs 72.44 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales91.2972.44 26 OPM %12.518.03 - PBDT11.748.17 44 PBT8.735.25 66 NP9.114.78 91 Powered by Capital Market - Live

Emkay Global Financial Services will hold a meeting of the Board of Directors of the Company on 27 July 2026.