Please find attached our Letter dated February 17, 2026 to BSE Limited towards our Application for Reclassification of Promoters under Regulation 31A along with the supporting documents.
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Awaiting price reaction for this filing.
EMA India Ltd has applied to BSE for reclassifying four members of its promoter group as 'Public' shareholders under SEBI LODR Regulation 31A. The affected members are Ranjana Bhargava (0 shares), Rakshita Bhargava (38,000 shares, 3.78%), Diatech Tools India Pvt Ltd (0 shares), and Pradip Kumar Bhargava HUF (0 shares). The reclassification follows a Share Purchase Agreement dated July 30, 2025, which resulted in a change of control and completion of an open offer by new promoters. The Board approved the reclassification on February 13, 2026. After reclassification, the remaining promoter holding will drop from 48.83% to approximately 45.05% of total shares.
This is essentially a cleanup exercise following the change of control that occurred in July 2025 and has limited impact on stock price. Promoter holding remains under 50% both before and after reclassification, so no fresh trigger of minimum public shareholding requirements arises. Shareholders should note that the new promoters (Dynalog India Limited holds 10.22%) are firmly in control of the company.