ema india announced the appointment of two directors following the conclusion of its postal ballot process on May 10, 2026. The resolutions were passed with the requisite majority, as confirmed by the scrutinizer's report submitted on May 12, 2026. The appointments were approved pursuant to the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The postal ballot and e-voting process, which commenced on April 11, 2026, sought shareholder approval for the appointment of Mr. Apurva Shivaji Adhalrao and Mr. Rajendra Senapati. The Board had approved the proposal to conduct the ballot during its meeting held on April 8, 2026.

Resolution 1: Appointment of Executive Director

Shareholders approved the appointment of Mr. Apurva Shivaji Adhalrao (DIN: 01239063) as a Director of the Company. He was initially appointed as an Additional Director in the category of Executive Non-Independent Director by the Board effective February 13, 2026. Following the shareholder approval, he is now liable to retire by rotation.

Resolution 2: Appointment of Independent Director

The company also appointed Mr. Rajendra Senapati (DIN: 10031791) as a Non-Executive, Independent Director. His appointment is based on the recommendation of the Nomination & Remuneration Committee and the Board. Mr. Senapati has declared that he meets the criteria for independence under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) and 17 of the SEBI LODR Regulations.

The Board authorized the Directors and Key Managerial Personnel to undertake all necessary actions, including filing requisite forms with the Ministry of Corporate Affairs, to give effect to these resolutions. Shri Awashesh Dixit of M/s Awashesh Dixit & Associates served as the Scrutinizer for the process.

EMA India Limited 's Independent Directors Committee (IDC) has given its stamp of approval to an open offer led by Dynalog (India) Limited and five members of the Adhalrao family. The offer aims to acquire up to 26% of the company's voting share capital at ₹124 per share.

Key Details of the Open Offer

IDC Recommendation

The IDC, comprising Chairman Himanshu Kapoor and member Honey Bhatia, unanimously approved the recommendation. They stated that the offer price is fair and reasonable, noting that it exceeds the highest price among selective criteria under SEBI regulations.

Timeline of Events

The IDC's decision was based on a review of these documents. Mark Corporate Advisors Private Limited is serving as the manager to the offer.

Additional Corporate Updates

EMA India Limited has scheduled a Board of Directors meeting for November 14, 2025. The meeting agenda includes consideration and approval of the un-audited financial results for the quarter and half-year ended September 30, 2025.

The company has also closed its trading window from October 1, 2025, until 48 hours after the declaration of these financial results, in compliance with SEBI regulations on insider trading.

Shareholders and potential investors are advised to independently evaluate the offer and make informed decisions based on their assessment of the company's performance and future prospects.