EMA India Limited has undergone a significant change in its ownership structure as Dynalog (India) Limited, along with five individual acquirers, successfully completed a substantial acquisition of shares.

Key Details of the Acquisition

• Acquisition Date: September 12, 2025
• Shares Acquired: 452,549 equity shares
• Stake Percentage: 45.03% of EMA India's total share capital
• Share Face Value: Rs. 10.00 per equity share
• Total Consideration: Rs. 1,00,50,000.00

The Acquirers

The acquisition was carried out by Dynalog (India) Limited in conjunction with five individual acquirers:

1. Shivaji Dattatraya Adhalrao
2. Kalpana Shivaji Adhalrao
3. Akshay Shivaji Adhalrao
4. Apurva Shivaji Adhalrao
5. Madhuri Akshay Adhalrao

Transaction Background

The acquisition was executed under a Share Purchase Agreement dated July 30, 2025. Prior to this transaction, neither Dynalog (India) Limited nor the individual acquirers held any shares in EMA India Limited.

Regulatory Compliance

In compliance with regulatory requirements, the acquirers have made the necessary disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was filed with the BSE Limited on September 15, 2025.

Impact and Implications

This acquisition represents a significant change in EMA India Limited's ownership structure, with the acquirers now holding a substantial 45.03% stake in the company. The move could potentially influence the company's future strategic decisions and operations.

Market Information

EMA India Limited is listed on the BSE with the scrip code 543286. The acquisition has been duly reported to the stock exchange as per regulatory requirements.

This strategic move by Dynalog (India) Limited and the individual acquirers marks a notable development in the Indian corporate landscape, potentially setting the stage for further changes in EMA India Limited's business trajectory.

EMA India Limited, a company facing ongoing financial challenges, has reported its quarterly results for the period ended June 30, 2025, revealing continued operational difficulties and significant corporate changes.

Financial Performance

The company announced zero revenue from operations for the quarter, coupled with a loss of Rs. 11.53 lakhs. This performance reflects EMA India's continued struggle since ceasing to be a going concern on December 31, 2023, due to persistent losses and negative net worth.

Key financial highlights for the quarter include:

The company's total expenses decreased to Rs. 11.53 lakhs from Rs. 22.61 lakhs in the previous quarter, indicating some cost-cutting measures. However, with no ongoing business operations, the losses are being funded through unsecured loans from Directors.

Asset Sale and Impairment

In a significant development, EMA India Limited has completed the sale of its land and building. The company executed a Deed of Surrender of Lease and a Sale Agreement on August 8, 2025, after receiving full consideration for the property located at Industrial Premises No. C-37, Panki Industrial Area, Udyog Nagar, Kanpur. This sale follows the company's earlier announcement of receiving an advance of Rs. 6.50 crore against the total sale value of Rs. 8.00 crore.

The management has also conducted an impairment study as per IndAS 36, impairing assets below market value to their realizable value.

Corporate Governance

In a move to strengthen its corporate governance, EMA India Limited has appointed Ms. Shruti Sharma as the new Company Secretary and Compliance Officer, effective August 9, 2025. Ms. Sharma, an Associate Member of the Institute of Company Secretaries of India with membership number A75000, brings experience in handling secretarial responsibilities.

Outlook

With the cessation of business operations and the recent sale of its property, EMA India Limited faces significant challenges in reviving its business. The company's board and management will need to explore strategic options to address the ongoing financial difficulties and chart a path forward for the company.

Investors and stakeholders should closely monitor further announcements from the company regarding its future plans and any potential restructuring efforts.