EMA Partners India Limited has extinguished 7,25,000 fully paid-up equity shares following the completion of its buyback offer. The shares, with a face value of ₹5 each, were extinguished on May 20, 2026, via Central Depository Services (India) Limited. The buyback was conducted through the tender offer route at a price of ₹100 per equity share, with the offer open from May 7, 2026, to May 13, 2026.

Capital Structure Changes

The extinguishment has reduced the company's issued, subscribed, and paid-up equity share capital. The total number of equity shares now stands at 2,25,21,426, amounting to ₹11,26,07,130. This is a decrease from the pre-extinguishment figures of 2,32,46,426 shares valued at ₹11,62,32,130. The authorized share capital remains unchanged at 3,00,00,000 shares amounting to ₹15,00,00,000.

Shareholding Pattern

The shareholding pattern has shifted significantly post-buyback. The promoter and promoter group holding increased to 65.76% from 63.71%. Conversely, the holding of Financial Institutions, Banks, AIFs, and Mutual Funds rose sharply to 34.24% from 14.23%. The categories for Foreign Investors and Others now hold nil shares, as all valid bids were accepted and the extinguishment process was completed.

The company has submitted the necessary compliance certificates to the National Stock Exchange of India Limited confirming the extinguishment in accordance with SEBI Buy-Back Regulations.

EMA Partners India Limited has commenced the buyback of up to 7,25,000 (Seven Lakh Twenty-Five Thousand) fully paid-up equity shares of face value ₹5/- each, at a price of ₹100/- per equity share. The aggregate buyback size is ₹725 Lakhs (Rupees Seven Hundred Twenty-Five Lakhs Only), excluding transaction costs. The offer is being undertaken through the tender offer route on the NSE EMERGE platform. On May 07, 2026, the company issued a Corrigendum to the Letter of Offer dated May 05, 2026, revising certain key terms including the general category buyback entitlement ratio and correcting a financial ratio, as notified to the National Stock Exchange of India Limited.

Corrigendum: Key Amendments to Letter of Offer

The Corrigendum, issued under the authority of the Board and the circular resolution passed by the Buy Back Committee on May 07, 2026, amends several provisions of the original Letter of Offer. Notably, the buyback entitlement ratio for the general category has been revised, and a correction has been made to the standalone debt-equity ratio for the year ended March 31, 2024 under the Key Financial Ratios section — from 0.14 to 0.22. Additionally, a new paragraph (19.5.14) has been inserted clarifying that post-acceptance, shareholders may be left with odd lots of shares subject to prevailing regulations.

The revised buyback entitlement ratios, as amended by the Corrigendum, are as follows:

The reserved category entitlement ratio remains unchanged from the original Letter of Offer. Eligible shareholders under the general category can verify their revised buyback entitlement on the Registrar's website at www.bigshareonline.com . The company will also circulate an email to eligible shareholders under the general category with the revised entitlement details.

Newspaper Publication for Letter of Offer Dispatch

The Letter of Offer was submitted to SEBI on May 05, 2026, and dispatched to eligible shareholders on the same date through electronic mode. The newspaper advertisement confirming the dispatch was published on May 06, 2026 in the following publications:

The Corrigendum will be published in the same newspapers in which the Letter of Offer was published. The Letter of Offer and Corrigendum are available on the websites of SEBI, the company, the Manager to the Buyback (Indorient Financial Services Limited), the Registrar to the Buyback (Bigshare Services Private Limited), and the NSE. Shareholders who did not receive the Letter of Offer electronically may request a physical copy from the company or the Registrar.

Key Buyback Details

The following table summarises the key parameters of the buyback offer:

Schedule of Activities

The Board of Directors approved the proposal on April 23, 2026. The public announcement was made on April 24, 2026, and published on April 25, 2026. The Letter of Offer was submitted to SEBI on May 05, 2026, and dispatched to eligible shareholders on the same date.

Financial Impact

Based on the audited standalone and consolidated financial statements as of March 31, 2026, the buyback is expected to improve the Return on Net Worth and EPS. Assuming 100% acceptance, the promoter shareholding may increase to 65.76% from 63.71%, while public shareholding may decrease to 34.24% from 36.29%. The promoters have stated they will not participate in the buyback. Except as detailed in the Corrigendum, all other information and terms of the buyback as disclosed in the Letter of Offer remain unchanged. The Board of Directors has confirmed that the Corrigendum contains true, factual, and material information and does not contain any misleading information, as required under Regulation 24(i)(a) of the SEBI Buy Back Regulations.