09-Oct-2026      18:26

Emkay Global Financial Services to appeal Rs 82.90 lakh NSE penalty related to client code modifications

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.

News source: Capital Market - Live News