Pursuant to Regulation 7 (1) (b) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, we enclose herewith disclosures in prescribed Form-B.
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EMA India Limited has informed BSE that six new entities/persons have formally become promoters of the company with effect from September 12, 2025, and have filed the mandatory Form B disclosure under SEBI's Insider Trading Regulations. The new promoter group consists of Dynalog (India) Limited and five members of the Adhalrao family (Shivaji, Kalpana, Akshay, Apurva, and Madhuri Adhalrao). Their combined holding is 4,52,549 equity shares, representing about 45% of the company. Individually, Dynalog (India) holds 1,02,549 shares (10.20%), Kalpana Adhalrao and Apurva Adhalrao each hold 90,000 shares (8.96%), Shivaji Adhalrao holds 45,000 shares (4.48%), Madhuri Adhalrao holds 90,000 shares (8.96%), and Akshay Adhalrao holds 35,000 shares (3.48%). The shares were transferred into the new promoters' demat accounts under Regulation 22(2), and no open interest in derivatives was reported.
This signals a change in the promoter group and likely a change in control of EMA India Limited, with the new Adhalrao-family-led group now controlling nearly 45% of the company. Shareholders should expect possible strategic, board, or business direction changes going forward, and the stock may see increased attention given the change in control.