EMS Limited has informed stock exchanges about the creation of a pledge on additional equity shares by its promoter, as part of ongoing financing arrangements and liquidity management strategies.

Pledge Creation Details

Promoter Ramveer Singh created a pledge on 4.50 lakh equity shares on March 10, 2026, in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The pledge was established in favor of TATA Capital Limited and SG Finserve Limited.

Updated Shareholding Position

Following this transaction, Singh's encumbered shareholding has increased significantly, while maintaining his overall promoter stake in the company.

Financing Arrangement Details

The company disclosed specific details about the encumbrance arrangements with both financial institutions, highlighting the security cover and intended use of funds.

TATA Capital Limited Arrangement

• Shares Encumbered: 1.50 lakh shares (0.27% of total share capital)
• Value of Shares: ₹3.89 crore
• Amount Involved: ₹1.29 crore
• Security Ratio: 3:1

SG Finserve Limited Arrangement

• Shares Encumbered: 3.00 lakh shares (0.54% of total share capital)
• Value of Shares: ₹7.79 crore
• Amount Involved: ₹3.11 crore
• Security Ratio: 2.50:1

Regulatory Compliance

The disclosure was made under Regulation 31(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, and relevant SEBI circulars dated March 07, 2022, and August 07, 2019. The company confirmed that the encumbered shares represent more than 20% of total share capital but less than 50% of promoter shareholding.

The pledge creation is specifically intended to provide additional collateral for financing arrangements taken earlier and to maintain liquidity in view of prevailing market conditions to cover margin requirements. Both TATA Capital Limited and SG Finserve Limited are established financial institutions, ensuring compliance with regulatory guidelines for share encumbrance arrangements.

EMS Limited has officially scheduled its Extraordinary General Meeting (EGM) for March 23, 2026, following the board meeting held on February 27, 2026, which approved significant fund raising and capital restructuring proposals. The company has issued formal notices to shareholders for the EGM that will determine the approval of a ₹300 crore Qualified Institutions Placement (QIP) and related capital enhancement measures.

EGM Schedule and Voting Details

The company has provided comprehensive details for the upcoming shareholder meeting:

Board Meeting Outcomes and QIP Approval

The board meeting concluded on February 27, 2026, resulted in key approvals for the company's growth trajectory:

Qualified Institutions Placement Framework

The proposed QIP will involve issuance of equity shares for an aggregate amount not exceeding ₹300 crores. The fund raising will be conducted in one or more tranches, subject to necessary regulatory and statutory approvals, including shareholder consent. The QIP will be conducted in accordance with Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and Section 42 of the Companies Act, 2013.

Authorized Share Capital Enhancement

The EGM will also consider amendment to the company's Memorandum of Association to increase authorized share capital:

E-voting and Participation Guidelines

Shareholders can participate in the EGM through video conferencing and exercise their voting rights electronically. The e-voting facility will be available from March 20, 2026, at 9:00 AM to March 22, 2026, at 5:00 PM. Members holding shares as on the cut-off date of March 17, 2026, will be entitled to participate and vote in the meeting.

Regulatory Compliance and Documentation

The company has fulfilled its disclosure obligations under SEBI regulations by providing comprehensive details to both BSE Limited and National Stock Exchange of India Limited. The notification was digitally signed by Ashish Tomar, Managing Director & CFO (DIN: 03170943), ensuring proper authorization and compliance with regulatory requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.