Pursuant to Regulation 30 of SEBI (LODR) Regulation, 2015 please find enclosed the outcome of Board Meeting held today.
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Awaiting price reaction for this filing.
EMA India Limited's board approved the sale of its land and building located at Industrial Premises C-37, Panki Industrial Area, Udyog Nagar, Kanpur to Mr. Puneet Gupta. The total consideration for the deal is Rs. 8 crores, of which Rs. 50 lakhs has already been received as advance. The agreement is yet to be signed and the sale is pending UPSIDA (Uttar Pradesh State Industrial Development Authority) approval. The buyer is an independent third party, not a promoter, group company, or related party, and the transaction is being done at arm's length. Shareholders had earlier approved this sale through a special resolution on 6 March 2025. The sale is outside any scheme of arrangement and is being done in compliance with Regulation 37A of the LODR regulations.
This is a one-time asset sale that will bring in Rs. 8 crores of cash to the company once regulatory approvals come through. For shareholders, the deal adds liquidity but represents a divestment of property — investors should watch for how the proceeds are used and whether UPSIDA approval comes through smoothly.