EMAMI Realty Successfully Allots 82 Lakh Equity Shares from Warrant Conversion

EMAMI Realty Completes Warrant Conversion, Strengthens Promoter Stake

On April 8, 2026, EMAMI Realty's Finance Committee approved the allotment of 82,00,000 equity shares at ₹128.50 per share through warrant conversion to promoter group entities. Suraj Finvest Private Limited and Diwakar Finvest Private Limited each received 41,00,000 shares at the issue price of ₹128.50 per share.

Capital Infusion and Share Structure

The fully paid-up equity shares carry a face value of ₹2.00 each with a premium of ₹126.50 per share. The conversion required payment of the remaining 75% of the warrant price, amounting to ₹79.02 crore. Following the allotment, the company's paid-up capital increased from ₹8,76,67,778 to ₹10,40,67,778.

Shareholding Impact

With the warrant conversion completed on April 8, 2026, the promoter group's stake increased to 73.4217% as of April 10. This represented a rise from the prior promoter holding of 68.45%.

Regulatory Compliance

The Finance Committee meeting was held at the company's registered office at Acropolis, 13th Floor, 1858/1 Rajdanga Main Road, Kasba, Kolkata, commencing at 12:30 PM and concluding at 1:00 PM. Company Secretary Payel Agarwal submitted the filing to BSE and NSE on April 14, 2026, demonstrating adherence to regulatory requirements.

Developer Context

EMAMI Realty, the real estate arm of Emami Group, was incorporated in 2006 to undertake real estate projects in residential, commercial and retail sectors. The Emami Group has delivered more than 24 prestigious residential and commercial projects comprising 36 million sq ft area, primarily in Kolkata. The company is currently developing projects mainly in Kolkata, Mumbai, Coimbatore and Chennai, alongside its large township development in Jhansi.