Emami Limited's promoter entities have undertaken significant share pledging activities with Bajaj Finance Limited, as disclosed in regulatory filings dated March 13, 2026. The transactions involve two key promoter companies increasing their pledged shareholdings through multiple agreements.

Share Pledging by Diwakar Finvest Private Limited

Diwakar Finvest Private Limited executed two separate pledging transactions within a span of three days. The company, which holds 9,87,94,786 shares representing 22.63% of Emami's total share capital, pledged additional shares to Bajaj Finance Limited as part of lending agreements.

Suraj Finvest Private Limited Pledging Activity

Suraj Finvest Private Limited, holding 10,56,30,326 shares (24.20% of total share capital), also increased its pledged holdings through two transactions with Bajaj Finance Limited.

Overall Impact on Promoter Holdings

The pledging activities demonstrate the promoter entities' financing arrangements while maintaining their substantial stakes in Emami Limited. Both companies cited "Pledge of Shares as per agreement with lender" as the reason for these transactions.

Key highlights of the pledging activity:

• Total additional shares pledged: 37,50,000 shares
• Combined pledged holding increase: 0.85% of share capital
• All pledges created in favor of Bajaj Finance Limited
• Transactions completed between February and March 2026

The disclosure was made under Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensuring transparency in promoter shareholding changes. The promoter group continues to maintain significant ownership in Emami Limited, with the pledging representing standard corporate financing arrangements.

Emami Limited's promoter group has completed an inter se transfer of equity shares, involving the redistribution of 21,58,936 shares among family members. The transaction, executed on 26.02.2026, represents 0.4946% of the company's diluted share capital and was conducted without any monetary consideration.

Transaction Details

The share transfer was completed through off-market transactions by way of gift among promoter and promoter group members. The transaction involved multiple family members of the Goenka family and was executed under the regulatory exemption framework.

Regulatory Framework and Compliance

The transaction was conducted under Regulation 10(1)(a)(ii) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation provides exemption from making an open offer for inter se transfers among promoter group members. Ashish Goenka, acting on behalf of the promoter and promoter group, submitted the disclosure under Regulation 29(2) to both NSE and BSE on 27.02.2026.

Share Distribution Among Transferors

Four promoter group members transferred their holdings to other family members:

Post-Transaction Shareholding Changes

The transfer resulted in significant changes in individual shareholdings within the promoter group. Priti A Sureka emerged as the largest beneficiary, with her shareholding increasing from 1,51,04,702 shares (3.46%) to 1,65,04,702 shares (3.78%). Raj Kumar Goenka's holding increased substantially from 6,68,364 shares (0.15%) to 11,95,247 shares (0.27%).

Overall Promoter Holdings

The inter se transfer maintains the overall promoter group holding at 2,39,39,34,12 shares, representing 54.8439% of the company's total share capital. The equity share capital of Emami Limited remains unchanged at Rs. 43,65,00,000. The transaction maintains compliance with SEBI regulations while facilitating the redistribution of shareholding within the promoter group without affecting the overall promoter holding in Emami Limited.