The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ranjana Bhargava
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Mrs. Ranjana Bhargava, a member of the promoter group of EMA India Ltd, sold her entire holding of 49,000 equity shares (face value Rs. 10 each), representing 4.88% of the company's total share and voting capital. The transaction was carried out off-market pursuant to a Share Purchase Agreement dated July 30, 2025, which was consummated on September 12, 2025. Post-disposal, her holding stands reduced from 4.88% to Nil, making it a complete exit by this individual promoter. The company's total equity share capital is Rs. 1,00,50,000, comprising 10,05,000 equity shares of Rs. 10 each. The disclosure was filed with BSE under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
A complete exit by a promoter group member may raise questions about confidence or signal restructuring at the promoter level; for retail investors, this is a noteworthy event worth tracking for further disclosures on who acquired the 4.88% stake and any changes in the promoter group's overall control.