Emerald Leisures Reports Q3FY26 Financial Results

Emerald Leisures Limited announced Q3FY26 results with revenue of ₹469.51 lakhs and net loss of ₹225.29 lakhs for quarter ended December 31, 2025.

Emerald Leisures Reports Rs 566.83 Lakh Loss for Half-Year, Approves Preference Share Redemption

Emerald Leisures Limited posted a net loss of Rs 566.83 lakh for the half-year ended September 30, 2025, compared to Rs 593.91 lakh loss in the previous year, with revenue from operations at Rs 500.34 lakh. The board approved partial redemption of preference shares and constitution of a preferential issue committee for convertible warrants, while management assessed no impairment requirement for non-financial assets.

Emerald Leisures Limited Calls EGM to Approve ₹66.78 Crore Convertible Warrants Issue

Emerald Leisures Limited has scheduled an Extra-Ordinary General Meeting for November 10, 2025, to seek shareholder approval for issuing 29,68,000 convertible warrants at ₹225 per share, raising ₹66.78 crores. The warrants will be allocated to promoters (5,11,000 warrants) and non-promoters (24,57,000 warrants) across 51 allottees. Key promoter participants include Jaydeep Vinod Mehta (2,00,000 warrants), Nikhil Vinod Mehta (1,56,000 warrants), and Kuntal Nikhil Mehta (1,55,000 warrants). The funds will be utilized for real estate business (₹36.28 crores), loan repayment (₹14 crores), preference share redemption (₹11.5 crores), and general corporate purposes (₹5 crores). The warrants carry an 18-month conversion period and are priced based on an independent valuer's report. Post-conversion, promoter shareholding will decrease from 73.76% to 64.43%, while maintaining control of the company.