The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dynalog (India) Ltd & Others

Promoter bought stakePromoter holding below 50%Ownership Changes View source PDF Explain this filing

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₹199.05

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Nifty Microcap 250market · in no size index; the smallest one is used+0.5%+1.4% vs market

Industrial Products peers, median of 111sector+0.2%+1.8% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.8 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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+4.0+1.2+2.8+0.7+3.3

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AI summary

Dynalog (India) Ltd along with five members of the Adhalrao family (Shivaji, Kalpana, Akshay, Apurva, and Madhuri Adhalrao) completed the acquisition of 4,52,549 equity shares (face value Rs. 10) of EMA India Ltd on September 12, 2025. The acquirers, who belong to the promoter/promoter group, had zero holding before this transaction and now collectively hold 45.03% of the company's total share and voting capital. The Share Purchase Agreement for this deal was signed on July 30, 2025, with a total consideration of approximately Rs. 1.005 crore (Rs. 1,00,50,000). The disclosure is filed under Regulation 29(1) of the SEBI Takeover Regulations, 2011.

Likely market impact

This is a substantial promoter-level acquisition that gives the acquirers effective control of EMA India Ltd in a single transaction. With 45.03% holding, the acquirers are positioned just below the 50% takeover threshold, which may trigger open offer obligations under SEBI Takeover Rules and signals a significant change in the company's promoter/control structure.