Emami Realty Limited has disclosed a proposed inter-se transfer of equity shares among its promoter and promoter group entities, scheduled to be executed on or after June 9, 2026. The transaction involves the transfer of 8,88,583 shares, representing 1.7077% of the total share capital of the target company. The aggregate shareholding of the promoter and promoter group will remain unchanged at 73.42% before and after the proposed transfer.

The disclosure was submitted pursuant to Regulation 10(5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition is exempt from the obligation to make an open offer under Regulation 10(1)(a)(ii) as it involves an inter-se transfer among qualifying persons within the promoter group. The intimation was provided at least four working days prior to the proposed date of execution in compliance with regulatory requirements.

The transfer involves multiple acquirers, including Diwakar Fininvest Private Limited, and several individuals from the promoter group such as Smt Usha Agarwal, Smt Richa Agarwal, and Sri Harsha Vardhan Agarwal. Shares are being acquired from transferors including Suraj Fininvest Private Limited, Sri Aditya Vardhan Agarwal, and Sri Raj Kumar Goenka. The transfers will be conducted through off-market gifts without consideration and via open market transfers through registered stock brokers at prevailing market prices.

The volume weighted average market price for the 60 trading days preceding the notice was approximately ₹83.90 per share on the National Stock Exchange of India Limited. The acquirers have declared that the acquisition price will not be higher by more than 25% of this computed price. They have also confirmed compliance with all applicable disclosure requirements in Chapter V of the Takeover Regulations over the past three years.

Shareholding Details

The following table outlines the changes in shareholding for key acquirers and transferors:

Emami Realty Limited reported a consolidated net loss of ₹18,947.07 lakh for the financial year ended March 31, 2026, widening from the net loss of ₹12,623.76 lakh in the previous year. Revenue from operations for the year stood at ₹9,315.63 lakh, compared to ₹8,230.84 lakh in FY25. The Board of Directors approved the audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026, at a meeting held on May 27, 2026.

The company published the extract of these audited financial results in newspapers on May 28, 2026, including Business Standard (English, all editions) and Aajkal (Bengali, Kolkata edition). The meeting was convened pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, Agrawal Tondon & Co., issued an audit report with an unmodified opinion but included an emphasis of matter regarding the company's 10% partnership in Lohitka Properties LLP, where accounts are not yet finalized.

Board and Committee Changes

The Board appointed Mr. Ram Krishna Agarwal as an Additional Director in the category of Non-Executive Director, effective from July 1, 2026, subject to shareholder approval. Mr. Agarwal, a qualified Chartered Accountant with over 50 years of experience, is a former Managing Partner of S. R. Batliboi & Co. and a former Director of Ernst & Young India Pvt. Ltd. Consequently, the Board reconstituted its committees effective July 22, 2026. Mr. Agarwal has been appointed Chairman of the Finance Committee and included in the Nomination & Remuneration Committee and Corporate Social Responsibility Committee.

Financial Performance

For the quarter ended March 31, 2026, the company reported a consolidated net loss of ₹6,584.86 lakh. Total revenue for the quarter was ₹7,702.00 lakh. Expenses for the year included project expenses of ₹34,556.38 lakh and finance costs of ₹9,700.36 lakh. The company noted that it assessed the realisable value of loans given, providing for an impairment loss of ₹105.00 crores for the year ended March 31, 2026.

Key Financial Metrics

The trading window for dealing in the securities of Emami Realty Limited will remain closed until 48 hours after the declaration of the financial results.