Emerald Leisures Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Promoter Nikhil Vinod Mehta of Emerald Leisures Limited has pledged 38,30,290 equity shares, representing 25.50% of the total share capital. This encumbrance secures 105 Cr from unlisted non-convertible debentures issued by the company. The funds will be utilized for club expansion (25 Cr), existing debt repayment (20 Cr), transaction expenses (5 Cr), general corporate purposes (25 Cr), and SRA related expenses (30 Cr). This move significantly increases the promoter's pledged holdings, providing capital for company growth initiatives.