Mark Corporate Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Offer Opening Public Announcement under Regulation 18(7) of Securities and Exchange Board of India ....
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Mark Corporate Advisors, the Manager to the Offer, has submitted the Offer Opening Public Announcement for an open offer to acquire up to 2,61,300 equity shares (26% of voting capital) of EMA India Limited at ₹124 per share (cash), by Dynalog (India) Limited and five members of the Adhalrao family. The underlying Share Purchase Agreement (SPA) was already consummated on September 12, 2025, with 4,52,549 shares transferred for a total consideration of about ₹5.61 crore. The tendering window runs from Friday, November 14, 2025 (offer opening) to Thursday, November 27, 2025 (offer closing), with payment/dispatch scheduled by December 11, 2025. The Independent Directors Committee has recommended the offer as fair and reasonable, and no competing bid has emerged. Public shareholders total 1,793 as on the identified date (October 30, 2025), and there is no intention to delist the company; the acquirers plan business diversification by amending the target's main object clause, and existing promoters will be reclassified as public shareholders post-offer.
Shareholders now have a roughly two-week window (Nov 14–Nov 27, 2025) to tender shares at ₹124 if they wish to exit, with the IDC deeming the price fair; this is a takeover event so expect heightened trading activity around the tendering dates and a change in promoter control of EMA India.