NewsCorporate ActionsEMA India Limited Shareholders Approve Major Corporate Restructuring Through Postal BallotEMA India Limited Shareholders Approve Major Corporate Restructuring Through Postal Ballot
EMA India Limited completed its postal ballot on December 23, 2025, with shareholders approving all 10 resolutions including business expansion into electronics and explosives manufacturing, registered office relocation to Maharashtra, related party transactions worth ₹90.00 million, and key leadership appointments including Mr. Akshay Adhalrao as Managing Director.
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EMA India Limited has successfully completed its postal ballot process on December 23, 2025, with shareholders approving all 10 proposed resolutions that will significantly reshape the company's business scope and operational structure. The voting process, which included e-voting facilities, commenced on November 24, 2025, and concluded on December 23, 2025, with scrutinizer Shri Awashesh Dixit of M/s Awashesh Dixit & Associates submitting his report on December 25, 2025.
Business Expansion and Diversification
Shareholders approved major alterations to the company's Memorandum of Association, expanding the main objects to include three new business verticals. The approved expansion encompasses manufacturing and dealing in electronic components, devices, and equipment used in generation, transmission, and receiving of sound, light, and electrical impulses. Additionally, the company will now engage in audio-visual and electronic components manufacturing, including musical instruments and sound recording equipment.
Most notably, shareholders approved entry into the explosives and ammunition manufacturing business, covering products for military, sporting, mining, industrial, and petrochemical purposes. This diversification represents a significant strategic shift from the company's traditional focus on induction heating and honing machines.
Corporate Restructuring Initiatives
The postal ballot approved the relocation of the company's registered office from Uttar Pradesh to Maharashtra, specifically within the jurisdiction of the Registrar of Companies, Maharashtra at Mumbai. This move requires confirmation from the Regional Director, Northern Region, and involves comprehensive procedural changes in the company's domicile clause.
Shareholders also approved the adoption of new Articles of Association aligned with the Companies Act, 2013, based on Table F format and stock exchange agreements, modernizing the company's governance framework.
Financial Authorizations and Related Party Transactions
The company secured approval for substantial related party transactions with Dynalog Limited, India, across multiple categories:
| Transaction Type | Approved Amount |
|---|---|
| Sale/purchase of goods and services | ₹30.00 million |
| Fixed assets transactions | ₹10.00 million |
| Capital contribution and loans | ₹40.00 million |
| Bank/Corporate guarantees | ₹10.00 million |
Additionally, shareholders authorized the Board of Directors to provide loans and guarantees up to ₹25.00 crores under Section 185 provisions for entities where directors have interests, and another ₹25.00 crores under Section 186 for general investments, loans, and guarantees.
Leadership Appointments and Governance
Key appointments were ratified through the postal ballot process:
| Position | Name | DIN | Term Details |
|---|---|---|---|
| Managing Director | Mr. Akshay Shivaji Adhalrao | 00314926 | 5 years (Nov 14, 2025 - Nov 14, 2030) |
| Director | Ms. Madhuri Akshay Adhalrao | 00315018 | Liable to retire by rotation |
| Independent Director | Mr. Rohit Goyal | 06894223 | 5 years (Oct 1, 2025 - Sep 30, 2030) |
All three directors were initially appointed as Additional Directors by the Board on September 30, 2025, with effect from October 1, 2025, following recommendations from the Nomination and Remuneration Committee.
Strategic Implications
The comprehensive approval of all resolutions demonstrates strong shareholder confidence in the company's diversification strategy. The expansion into electronics and explosives manufacturing, combined with the operational shift to Maharashtra, positions EMA India Limited for broader market participation beyond its traditional industrial machinery focus. The substantial financial authorizations provide the necessary flexibility for strategic investments and related party collaborations essential for executing this transformation.
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