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Emkay Global Financial Services to appeal Rs 82.90 lakh NSE penalty related to client code modifications
09-Oct-2026, 06:26

Emkay Global Financial Services Limited announced that it has received a communication from the National Stock Exchange of India Limited (NSE) regarding a monetary penalty of Rs 82,90,000 levied in connection with client code modifications using a Member ‘ERROR’ account during the period of May–July 2026. The company intends to file an appeal and anticipates a favorable outcome, stating it does not reasonably expect a material financial impact. The disclosure was delayed due to the company's review of the NSE communication, and Emkay Global is requesting condonation for the delay under SEBI Listing Regulations.