EMA India submits revised AGM results with scrutinizer report
- EMA India submitted revised AGM results with the previously omitted scrutinizer report
- All resolutions passed with full support from shareholders
- Total income for FY26 was ₹12.62 lakh, boosted by a ₹7.93 crore exceptional gain
- Merger proposal with Dynalog India Limited is under consideration
*this image is generated using AI for illustrative purposes only.
EMA India has submitted revised consolidated e-voting results for its 55th Annual General Meeting held on September 16, 2026. The company attached the scrutinizer report, which was inadvertently missed in the initial filing on September 17, 2026.
The meeting, conducted via video conferencing, commenced at 12:00 pm and concluded at 12:19 pm. Mr. Apurva Shivaji Adhalrao chaired the proceedings, while Managing Director Mr. Akshay Shivaji Adhalrao briefed members on corporate developments for FY26. The scrutinizer report was submitted by Mr. Awashesh Dixit, Practicing Company Secretary.
Voting Results
Shareholders approved two ordinary resolutions during the AGM. The total number of shares held on the record date (September 10, 2026) was 10,05,000. A total of 4,67,341 votes were polled, representing a participation rate of 46.50% of outstanding shares. All polled votes were cast in favour of both resolutions.
| Resolution | Description | Votes Polled | Votes In Favour | Votes Against | Result |
|---|---|---|---|---|---|
| 1 | Adoption of Audited Financial Statements for FY26 | 4,67,341 | 4,67,341 | 0 | Passed |
| 2 | Re-appointment of Mrs. Madhuri Akshay Adhalrao as Director | 4,67,341 | 4,67,341 | 0 | Passed |
Promoter and Promoter Group shareholders held 4,90,749 shares and cast 4,52,749 votes (92.26% participation), all in favour. Public non-institutional shareholders held 5,13,551 shares and cast 14,592 votes (2.84% participation), also all in favour. Public institutional shareholders did not cast any votes.
Financial Highlights
During the financial year ended March 31, 2026, EMA India recorded total income of approximately ₹12.62 lakh. This figure is significantly bolstered by the non-recurring exceptional gain of ₹7.93 crore from the disposal of its Udyog Nagar, Kanpur property. Management explicitly clarified that this gain should not be viewed as representative of normal operating performance.
| Metric | Value |
|---|---|
| Total Income (FY26) | ₹12.62 lakh |
| Exceptional Gain | ₹7.93 crore |
Corporate Developments
The company outlined several strategic initiatives during the address:
- Merger Proposal: A scheme of merger involving Dynalog India Limited and EMA India Limited is under consideration. This remains subject to approvals from relevant authorities, shareholders, creditors, and regulatory bodies.
- Promoter Reclassification: The outgoing promoters are being reclassified from the Promoter and Promoter Group category. The company has received a No Objection Certificate from BSE Limited and initiated a postal ballot for shareholder approval.
- Registered Office Shift: Approval for shifting the registered office from Kanpur, Uttar Pradesh to Mumbai, Maharashtra was received from the Registrar of Companies on September 9, 2026.
What the Numbers Show
The disparity between the reported total income of ₹12.62 lakh and the exceptional gain of ₹7.93 crore indicates that the company’s core operating revenue during FY26 was negligible or negative before accounting for the asset sale. The financial performance for the year was driven almost entirely by this one-time capital event rather than recurring business operations.
Meeting Proceedings
The statutory auditor, M/s. B.C. Jain & Co., confirmed that the auditors' report contained no qualifications or adverse remarks requiring board explanation. Members adopted the audited financial statements and re-appointed Mrs. Madhuri Akshay Adhalrao as a director.
Historical Stock Returns for EMA India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.00% | +1.21% | +10.35% | +31.54% | +111.88% | +4,581.72% |
What is the expected timeline for regulatory approvals and shareholder ratification of the proposed merger with Dynalog India Limited?
How will the reclassification of outgoing promoters impact the company's promoter holding percentage and future corporate governance structure?
Given the negligible core operating revenue in FY26, what specific operational strategies is management implementing to generate sustainable recurring income post-merger?
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