Emkay Global Approves Issuance of ₹50 Crore Unsecured NCDs
Emkay Global Financial Services Limited's Management Committee approved the issuance of up to ₹50 Crore unsecured Non-Convertible Debentures (NCDs) on a private placement basis. The NCDs will carry an 11.50% annual interest rate, payable half-yearly, with a maturity date of September 7, 2029. The company also has a call option.
The issuance of NCDs to raise capital can impact the company's financial leverage and capital structure, hence a medium impact.
The announcement pertains to a routine debt fundraising activity and does not contain significant positive or negative news for the company.
Emkay Global Financial Services Limited's Management Committee, authorized by the Board of Directors, has approved the issuance of up to 5,000 Rated, Listed, Senior, Unsecured, Transferable, Redeemable, Taxable Non-Convertible Debentures (NCDs). Each NCD has a face value of ₹1,00,000, aggregating up to ₹50,00,00,000 (₹50 Crores) on a private placement basis.
The issue comprises a base size of ₹25,00,00,000 (₹25 Crores) with a green shoe option of up to ₹25,00,00,000 (₹25 Crores). The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
The tentative deemed date of allotment is September 7, 2026, with a proposed maturity date of September 7, 2029 (3 years from allotment). The NCDs will carry an interest rate of 11.50% per annum, payable half-yearly. The principal will be redeemed at par on the maturity date. The company holds a call option exercisable at 24, 27, 30, and 33 months from the deemed date of allotment.
The meeting of the Management Committee commenced at 4:30 P.M. (IST) and concluded at 5:45 P.M. (IST) on August 21, 2026.
What to do with a filing like this
Emkay Global Financial Services Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Emkay Global Financial Services Limited. Read the original for the full detail.