Promoter entities Diwakar Finvest Private Limited and Suraj Finvest Private Limited disclosed the creation and release of pledges on their Emami Limited shares between August 28 and September 2, 2026. The transactions involved lenders including Bajaj Finance Limited, HSBC InvestDirect Financial Services (India) Ltd, and DBS Bank Limited.

The disclosures were filed under Regulation 31(1) & (2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Santinath Paul, authorized signatory for Diwakar Finvest, submitted the report to the National Stock Exchange of India Limited and BSE Limited on September 4, 2026.

Pledge Transactions

Diwakar Finvest created three separate pledges during the reporting period. The entity pledged 800,000 shares to Bajaj Finance Limited on August 28, followed by another pledge of 850,000 shares to the same lender on August 31. A smaller pledge of 50,000 shares was created in favor of HSBC InvestDirect Financial Services (India) Ltd on September 2.

Suraj Finvest engaged in mixed activity, releasing shares while also creating new encumbrances. The entity released 500,000 shares from pledge with Bajaj Finance Limited on August 28 and released a further 850,000 shares from the same lender on August 31. However, Suraj Finvest created a new pledge of 450,000 shares with DBS Bank Limited (through Catalyst Trusteeship Limited as trustee) on September 2.

Holding Status

As on the date of the report, Diwakar Finvest holds 98,794,786 shares, representing 22.63% of Emami's total share capital. Of this holding, 28,491,014 shares (6.53%) remain encumbered. Suraj Finvest holds 105,630,326 shares (24.20%), with 7,566,992 shares (1.73%) currently under pledge.

The net effect of these transactions saw Diwakar Finvest increase its pledged stake by 1,650,000 shares, while Suraj Finvest reduced its pledged stake by 900,000 shares over the five-day period.

Emami Limited shareholders approved the reappointment of Harsha Vardhan Agarwal as Vice-Chairman and Managing Director for a five-year term effective April 1, 2027. The resolution was passed at the company’s 43rd Annual General Meeting held on August 25, 2026.

The new term begins upon the completion of his current tenure on March 31, 2027. Co-founder and Non-Executive Chairman R. S. Goenka presided over the meeting, which commenced at 4:00 pm and concluded at 6:25 pm. He confirmed the presence of a requisite quorum and noted that all directors were present except Smt. Avani Davda. Committee chairmen Anand Rathi and C. K. Dhanuka also attended.

Goenka informed members that the statutory and secretarial audit reports contained no qualifications or adverse remarks. He briefly outlined the company’s performance and thanked shareholders for their continued trust.

Resolutions Passed

Company Secretary Ravi Varma detailed the resolutions transacted during the AGM. Members voted on ordinary business items including the adoption of standalone and consolidated audited financial statements for the fiscal year ended March 31, 2026.

The board proposed the reappointment of three directors retiring by rotation:

• Harsha Vardhan Agarwal
• Aditya Vardhan Agarwal
• Prashant Goenka

Special business items included ratifying the remuneration of Harsha Vardhan Agarwal and approving his reappointment to the role for five years. The meeting also ratified the remuneration for M/s. V. K. Jain & Co., the cost auditors for FY27.

Remuneration Update

Shareholders approved an increase in the annual salary of Harsha Vardhan Agarwal from ₹30 lakh to ₹34 lakh, effective April 1, 2026, for the remainder of his current term ending March 31, 2027. This adjustment was formalized via a supplemental agreement dated May 21, 2026.

Voting Results

Mr. Raj Kumar Banthia, Partner of M/s. MKB & Associates, Practicing Company Secretaries, was appointed to scrutinize the e-voting process. In terms of Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, all resolutions set out in the Notice have been duly passed by the members with requisite majority.

The e-voting results and scrutinizer’s report were filed with stock exchanges on August 26, 2026. CEO - Finance, Strategy & Business Development N. H. Bhansali addressed queries from pre-registered members during the session.