EGEmkay Global Financial Services532737Preferential allotment listing

BSE grants listing approval for 1 lakh equity shares allotted on warrant conversion

BSE has granted listing approval for 1 lakh equity shares of Rs. 10 each of Emkay Global Financial Services.

By ScoutQuest · Mon 19 Oct 2026, 3:50 PM IST · 2 min read

Shares approved for listing

1 lakh equity shares of Rs. 10 each

Issue premium

Rs. 229.50/- each

Distinctive numbers

27525581 to 27625580

What the company informed the exchanges

Emkay Global Financial Services has told the National Stock Exchange and BSE that BSE Limited has granted listing approval for 1 lakh equity shares of Rs. 10 each. These shares arose from the conversion of an equivalent number of warrants that had been issued on a preferential basis to Mr. Prakash Kacholia, one of the promoters of the company.

The company's letter is dated 19th October, 2026, and BSE's approval letter carries the same date.

The numbers in the update

• 1 lakh equity shares of Rs. 10 each
• Shares issued at a premium of Rs. 229.50/- each
• Distinctive numbers of these shares run from 27525581 to 27625580
• The allottee is a promoter, and the shares came from conversion of warrants issued on a preferential basis

What a warrant conversion means

A warrant is a right to be allotted shares at a later date. When the holder exercises it, new equity shares are created and allotted. The company then applies to the stock exchange for permission to list those shares, so they can be traded like the rest of the company's equity.

This update is the company telling the market that BSE has granted that listing permission for these 1 lakh shares.

Listing approval and trading approval are two steps

BSE's letter states that trading approval for these shares will be granted only after the company files certain documents with the exchange. These include the listing approval from the National Stock Exchange (if applicable), confirmation letters from NSDL/CDSL about crediting the shares to the respective beneficiary accounts and admitting the capital to the depository system, and confirmation letters from NSDL/CDSL about lock-in of pre-preferential holding, if applicable. The company is asked to file all such approvals together.

BSE has also reminded the company to apply for trading approval within seven working days from the date of grant of listing approval, along with the documents specified by the exchange.

Why it matters

• The update records a promoter converting warrants into equity shares, which adds 1 lakh equity shares to the company's listed equity.
• The shares were issued at a premium of Rs. 229.50/- per share over the face value of Rs. 10 each.
• Until listing and trading approvals are in place, these shares are not available for trading on the exchange.

How to read this

This is a routine post-allotment update that follows a preferential issue to a promoter. It confirms a procedural step (listing permission) rather than announcing new business or financial performance. Retail investors can track the share capital increase it represents and the separate trading approval that follows.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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