Please find enclosed herewith disclosures under Regulation 29(1) and 29(2) of the SEBI (Substantial Acquisition of Share and Takeover) 2011 and Regulation 7(2) of the SEBI (Prohibition ....
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Awaiting price reaction for this filing.
On September 12, 2025, a new promoter group (Dynalog India Ltd along with five members of the Adhalrao family) acquired 4,52,549 equity shares of EMA India Ltd (45.03% of paid-up capital) for roughly Rs. 6.11 crore combined, via an off-market Share Purchase Agreement signed on July 30, 2025. The shares were bought from four existing promoter sellers — Ranjana Bhargava (49,000 shares, 4.88%), Rakshita Bhargava (33,343 shares, 3.32%), Pradip Kumar Bhargava HUF (3,52,906 shares, 35.12%) and Diatech Tools India Pvt Ltd (17,300 shares, 1.72%). After the deal, Pradip Kumar Bhargava HUF, Ranjana Bhargava and Diatech Tools fully exited the company, while Rakshita Bhargava retained 38,000 shares (3.78%). The new promoter group ends up holding 45.03% in total, below the 50% majority mark. Filings were made under SEBI Takeover Regulations (Reg 29(1) & 29(2)) and Insider Trading Regulations (Reg 7(2)).
This is effectively a change of control at EMA India Ltd, with the incoming promoter group now holding the largest single block at 45.03% while remaining below majority threshold. Existing minority shareholders may want to track whether the new promoters will trigger a mandatory open offer under SEBI Takeover Rules and any subsequent board/management changes; near-term stock price could see movement on sentiment around the new ownership.