At its meeting held on Apr. 03, 2008, the board of directors of Emkay Share & Stock Brokers has given approval to change the name of the company from `Emkay Share And Stock Brokers` to `Emkay Global Financial Services` subject to necessary approvals.

The Board has decided to carry out the above resolution by Postal Ballot in terms of the provisions of Section 192 A of the Companies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001.

As a result, the company’s board has nominated P N Parikh of Parikh &Associates, Practicing Company Secretary as Scrutinizer for accomplishing the postal ballot process.

The board has also approved the draft of the notice seeking approval of the members through voting by postal ballot.

Emkay Share & Stock Brokers Limited, through its subsidiary companies offers investment brokerage and advisory services in India. It offers its services in cash and derivatives sides of the capital markets, as well as distributes savings/investment instruments, such as mutual fund schemes, saving bonds, and IPO’s. The company also provides commodity trading.

The shares of the company, on Friday, marked their closure at Rs 131.45, down 4.85% on the Bombay Stock Exchange (BSE). The total volume of shares traded was 428.