EMKAY: STEP-DOWN SUBSIDIARY ACQUIRES 100% EQUITY STAKE OF EIML AND EWAL

• Board approved transfer of 100% stake in Emkay Investment Managers (90,00,000 shares) and Emkay Wealth Advisory (41,00,000 shares) to wholly owned subsidiary Emkay Capital Pvt Ltd (ECPL) • Cash consideration of ₹21.38 Cr for EIML and ₹2.05 Cr for EWAL; both cease to be direct subsidiaries and become step-down wholly owned subsidiaries • Board approved slump sale of the company's wealth management business to EWAL for ₹2.75 Cr; that business had FY26 revenue of ₹24.24 Cr, 6.12% of consolidated income • Board approved investment of up to ₹30 Cr in ECPL via rights issue of ₹10 face value shares at par, in one or more tranches • EIML FY26 income ₹28.71 Cr (7.25% of consolidated) with net worth ₹21.58 Cr; EWAL income ₹0.36 Cr with net worth ₹1.21 Cr • SPAs and BTA expected to be executed on or before 4 November 2026; completion within 90 days subject to regulatory approvals

Emkay Global Financial Services Limited

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