EMA India Limited has filed its quarterly compliance certificate with BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission, dated April 02, 2026, covers the quarter ended March 31, 2026, demonstrating the company's commitment to regulatory compliance.

Regulatory Compliance Details

The certificate was issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, specifically addressing the dematerialization of physical share certificates. Alankit Assignments Limited, serving as the company's Registrar and Share Transfer Agent, provided the compliance confirmation for the fourth quarter of fiscal year 2026.

Certificate Confirmation

Alankit Assignments Limited confirmed two critical compliance aspects in their certificate dated April 01, 2026. The registrar verified that securities comprised in the certificates have been properly listed on stock exchanges. Additionally, they confirmed that physical certificates underwent due verification, were mutilated and cancelled, and the depository name was substituted as the registered owner in company records.

Corporate Governance

The submission was executed by Shruti Sharma, Company Secretary and Compliance Officer (Membership No.: A75000), who digitally signed the communication on April 02, 2026. EMA India Limited, incorporated under CIN: L46529UP1971PLC003408, operates as a manufacturer of induction heating and honing machines and accessories.

Company Information

EMA India Limited maintains its registered office at 502, Gopala Chambers, 14/123, Parade, Kanpur-208 001, Uttar Pradesh. The company, established in 1971, specializes in manufacturing induction heating and honing machines along with related accessories, serving industrial clients across various sectors.

EMA India Limited announced that its Board of Directors has approved a comprehensive scheme of amalgamation with Dynalog India Limited during a meeting held on March 27, 2026. The decision follows thorough consideration of recommendations from both the Audit Committee and the Committee of Independent Directors, marking a significant corporate restructuring initiative for the listed company.

The company has filed the outcome under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with BSE Limited, providing comprehensive details of the proposed merger structure and regulatory compliance requirements.

Merger Structure and Share Exchange

The amalgamation involves EMA India Limited as the transferor company merging with Dynalog India Limited as the transferee company. Under the approved scheme, shareholders will receive a share exchange ratio of 28:25, meaning each EMA India shareholder will receive 28 fully paid equity shares of face value Rs.10 each in Dynalog India for every 25 shares held in EMA India.

Financial Profile of Merging Entities

The merger brings together two companies with complementary financial profiles. EMA India Limited, primarily engaged in manufacturing induction heating and honing machines, currently has assets worth 590.76 Lakhs with NIL turnover. Dynalog India Limited, a technology solutions provider in electronics and control systems for defense sectors, maintains significantly larger operations with assets of 9954.27 Lakhs and turnover of 8582.44 Lakhs.

Shareholding Pattern Changes

The amalgamation will result in significant changes to the shareholding structure. Post-merger, the promoter shareholding will increase substantially from 48.83% to 73.09%, while public shareholding will decrease from 51.17% to 26.91% on a fully diluted basis.

Strategic Rationale and Business Areas

The Board identified multiple strategic advantages for the amalgamation, including leveraging EMA India's market reach as a listed entity to accelerate Dynalog India's business growth. EMA India specializes in manufacturing machines for induction heating and hardening, tools, jigs, dies, and machine-tools for special applications.

Dynalog India operates in technology solutions for electronics and control systems across various industries, particularly the defense sector. With over 30 years in defense business, the company supplies rugged defense electronics products for ground-based static, mobile, airborne, and naval applications, including missile launchers, electronic warfare systems, and communication equipment.

Regulatory Approvals and Implementation

The proposed scheme requires various statutory and regulatory approvals under applicable laws, including approval from the National Company Law Tribunal (NCLT). The scheme will be filed with BSE Limited to obtain necessary no-objection letters in compliance with SEBI regulations and Master Circular No. SEBI/HO/CFD/POD2/P/CIR/2023/93 dated June 20, 2023.

Following scheme implementation, Dynalog India Limited will apply for listing of its equity shares on stock exchanges where EMA India shares are currently listed, ensuring continuity for existing shareholders. The transaction has been structured on an arm's length basis with independent valuation reports supporting the proposed terms.