The Board of Directors at its meeting held today i.e February 13, 2026, has inter-alia considered and approved the request letters received from the members of promoters group for their ....
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EMA India Ltd's Board of Directors, at its meeting on February 13, 2026, approved a request to reclassify four members of the promoter/promoter group as 'public' category shareholders under SEBI's Regulation 31A. Of the four members — Ranjana Bhargava, Rakshita Bhargava, Diatech Tools India Private Limited, and Pradip Kumar Bhargava HUF — only Rakshita Bhargava actually holds shares (38,000 shares or 3.78% of equity), while the other three hold zero shares. The outgoing promoter group members confirmed they do not participate in management, have no special rights, and are not willful defaulters or fugitive economic offenders. The reclassification is subject to approval from shareholders and BSE Limited.
This is largely a procedural housekeeping move since three of the four members hold no shares, and the only one with shares (3.78%) is a minor stake. The change is unlikely to meaningfully alter the company's promoter shareholding or have a material impact on the stock price, pending shareholder and BSE approval.