EMA Partners India Buyback Offer Opens; Letter of Offer Dispatched to Shareholders
EMA Partners India Limited has launched a buyback of up to 7,25,000 equity shares at ₹100/- per share aggregating ₹725 Lakhs via the tender offer route on NSE. The Letter of Offer was submitted to SEBI and dispatched to eligible shareholders on May 05, 2026, with newspaper advertisements published on May 06, 2026 in Business Standard (English and Hindi) and Navshakti (Marathi). The buyback opened on May 07, 2026 and closes on May 13, 2026, with entitlement ratios of 3 shares per 31 held for small shareholders and 10 shares per 359 held for general category shareholders.

*this image is generated using AI for illustrative purposes only.
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. In furtherance of the buyback process, the company notified the National Stock Exchange of India Limited on May 06, 2026 regarding the newspaper publication pertaining to the dispatch of the Letter of Offer, in compliance with the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 2018.
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:
| Sr. No. | Newspaper | Language | Editions |
|---|---|---|---|
| 1. | Business Standard | English | All Editions |
| 2. | Business Standard | Hindi | All Editions |
| 3. | Navshakti | Marathi | All Maharashtra |
The Letter of Offer is 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:
| Parameter: | Details |
|---|---|
| Buyback Price: | ₹100/- per equity share |
| Total Buyback Size: | Up to ₹725 Lakhs |
| Number of Shares: | Up to 7,25,000 equity shares |
| Face Value: | ₹5/- per share |
| % of Paid-up Capital (Standalone): | 6.57% of aggregate paid-up equity share capital and free reserves |
| % of Paid-up Capital (Consolidated): | 4.89% of aggregate paid-up equity share capital and free reserves |
| Record Date: | Thursday, April 30, 2026 |
| Buyback Opens: | Thursday, May 07, 2026 |
| Buyback Closes: | Wednesday, May 13, 2026 |
| Route: | Tender Offer via Stock Exchange Mechanism |
| Designated Stock Exchange: | NSE |
| Manager to the Buyback: | Indorient Financial Services Limited |
| Registrar to the Buyback: | Bigshare Services Private Limited |
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.
| Activity: | Date |
|---|---|
| Board Meeting Approval: | April 23, 2026 |
| Public Announcement: | April 24, 2026 |
| Record Date: | April 30, 2026 |
| Letter of Offer Submitted to SEBI: | May 05, 2026 |
| Letter of Offer Dispatched to Shareholders: | May 05, 2026 |
| Newspaper Advertisement Published: | May 06, 2026 |
| Buyback Opening Date: | May 07, 2026 |
| Buyback Closing Date: | May 13, 2026 |
| Last Date for Receipt of Tender Form: | May 13, 2026 |
Buyback Entitlement
The offer is divided into a reserved category for small shareholders and a general category for others. The entitlement ratios are as follows:
| Category: | Ratio of Buyback |
|---|---|
| Reserved Category (Small Shareholders): | 3 Equity Shares out of every 31 held |
| General Category (All Other Eligible Shareholders): | 10 Equity Shares out of every 359 held |
The actual buyback entitlement for the reserved category is 9.69768200877116% and for the general category is 2.78530771311254%. Eligible shareholders can verify their entitlement on the Registrar's website at www.bigshareonline.com . The market lot for trading of equity shares is 1,000 shares and in multiples of 1,000 equity shares; as a result, eligible shareholders may be left with odd lots that may not be tradable in the market.
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. The advertisement was issued under the authority of the Board in terms of the resolution passed on April 23, 2026, and the circular resolution passed by the Buy Back Committee on May 05, 2026.
Historical Stock Returns for EMA Partners
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -2.06% | +23.90% | -10.25% | -21.94% | -39.34% |
How might the increase in promoter shareholding to 65.76% following the buyback affect EMA Partners India's corporate governance and minority shareholder influence in future decisions?
Given the relatively low general category entitlement ratio of ~2.79%, could oversubscription pressure lead EMA Partners India to consider additional capital return mechanisms such as special dividends or future buybacks?
How will the expected improvement in EPS and Return on Net Worth post-buyback influence EMA Partners India's valuation multiples and investor sentiment on the NSE EMERGE platform?


























