EMA India Limited submitted the minutes of its 55th Annual General Meeting (AGM) to BSE on October 15, 2026. The meeting was held virtually on September 16, 2026.

The primary business transacted included the adoption of audited financial statements for the fiscal year ended March 31, 2026. Members also approved the re-appointment of Mrs. Madhuri Akshay Adhalrao as a director retiring by rotation.

Meeting proceedings and attendance

The AGM commenced at 12:00 pm and concluded at 12:19 pm via Video Conferencing and Other Audio-Visual Means. Mr. Apurva Shivaji Adhalrao served as the chairperson. The quorum was met with 27 members or authorised representatives present.

Key directors and Key Managerial Personnel in attendance included:

Resolutions passed

Two ordinary resolutions were put to vote during the meeting. The first resolution covered the consideration and adoption of the audited annual financial statements, comprising the Balance Sheet, Statement of Profit and Loss Account, Cash Flow Statement, and explanatory notes for FY26. This also included the reports of the Board of Directors and the Auditors.

The second resolution addressed the re-appointment of Mrs. Madhuri Akshay Adhalrao (DIN 00315018). She retired by rotation and offered herself for re-appointment under Section 152 of the Companies Act, 2013. No queries were raised by members regarding the annual accounts during the session.

Voting and compliance details

The company facilitated voting through an instapoll facility open for 15 minutes post-meeting, alongside remote e-voting. The scrutinizer’s report dated September 17, 2026, confirmed that all resolutions were passed with the requisite majority. Results were declared within 48 hours of the meeting's conclusion.

The statutory auditor, Mr. Shyam Ji Gupta, and secretarial auditor, Mr. Awashesh Dixit, attended the meeting. Internal auditors Shishir Saxena & Co., Chartered Accountants, were also present as invitees. The minutes were signed by the chairperson on October 9, 2026.

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.

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.

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.