The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pradip Kumar Bhargava HUF
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Pradip Kumar Bhargava HUF, a promoter group entity of EMA India Ltd, sold its entire holding of 3,52,906 equity shares (35.12% of the company's share capital) through an off-market Share Purchase Agreement dated July 30, 2025, which was consummated on September 12, 2025. Following this transaction, the seller's holding stands reduced to Nil from the earlier 35.12%. The total equity capital of EMA India comprises 10,05,000 shares of Rs. 10 each (Rs. 1,00,50,000). The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
This is a complete exit by a significant promoter group holder, which represents a major change in the company's promoter shareholding structure. Retail investors should watch for any related buyer disclosures to understand who now holds this large 35.12% stake, as this could trigger open offer obligations and signal a potential change in control or management direction.