Please find attached our Letter dated February 17, 2026 to BSE Limited regarding Application for Reclassification of Promoters under Regulation 31A of SEBI (LODR) Regulations, 2015 along ....
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Awaiting price reaction for this filing.
EMA India Ltd has submitted an application to BSE on February 17, 2026 seeking approval to reclassify four members of its Promoter Group into the 'Public' category under Regulation 31A of SEBI LODR Regulations. The four members are Ranjana Bhargava (0 shares), Rakshita Bhargava (38,000 shares or 3.78%), Diatech Tools India Pvt Ltd (0 shares), and Pradip Kumar Bhargava HUF (0 shares). This move follows a Share Purchase Agreement dated July 30, 2025 in favour of new promoters and the subsequent completion of an open offer by them. The Board of Directors had already approved the reclassification on February 13, 2026, and BSE's no-objection is now awaited. As per the current shareholding pattern, the Promoter Group holds 48.83% (490,749 shares) and the public holds 51.17%.
This is essentially a formal cleanup to align shareholding categories with the recent change in control — the new promoters (Adhalrao family via Dynalog India) have already taken charge and existing outgoing promoter group members want to be reclassified as public. Limited direct impact on stock price, but it brings clarity to who actually controls the company going forward.