The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rakshita Bhargava
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Ms. Rakshita Bhargava, a member of the promoter group of EMA India Ltd, sold 33,343 equity shares (face value Rs. 10 each) on September 12, 2025, through an off-market transaction under a Share Purchase Agreement (SPA) dated July 30, 2025. Her stake in the company fell from 7.10% (71,343 shares) to 3.78% (38,000 shares), a reduction of 3.32 percentage points. EMA India has a total equity share capital of Rs. 1,00,50,000, comprising 10,05,000 equity shares. The disclosure has been filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
A significant promoter stake cut of over 3 percentage points may raise concerns about reduced insider confidence, though off-market SPA transactions are often pre-planned and not as negative as open-market sales. Retail investors should watch for any further disclosures regarding the buyer's identity and any future promoter selling.