EMA India Limited conducted a comprehensive board meeting on February 13, 2026, addressing multiple corporate governance matters and approving quarterly financial results. The meeting, which commenced at 04:00 p.m. and concluded at 05:00 p.m., resulted in significant board restructuring and regulatory compliance activities.

Key Board Appointments

The company made two strategic appointments to strengthen its board composition:

Mr. Apurva Shivaji Adhalrao brings hospitality management expertise to the board, holding a Three-Year Higher Diploma in Hospitality Management from the International Hotel Management Institute (IMI), Lucerne, Switzerland, and a Bachelor of Business Administration (BBA) in Hotel and Tourism Management from Yashwantrao Chavan Maharashtra Open University. He is the brother of Mr. Akshay Shivaji Adhalrao, the company's Managing Director.

Mr. Rajendra Senapati is a seasoned finance and corporate governance professional with over 27 years of experience, including 21 years in diverse corporate leadership roles and over 6 years in professional practice as a Chartered Accountant. His expertise spans board-level financial oversight, statutory and regulatory compliance, risk management, internal controls, audit supervision, and strategic advisory, particularly in the MSME sector.

Director Resignation and Committee Reconstitution

Ms. Honey Bhatia (DIN: 10734987) tendered her resignation from the position of Independent Director effective February 11, 2026, citing personal reasons. The board accepted her resignation and acknowledged her valuable contributions during her tenure.

Following these changes, the company reconstituted its key committees:

Audit Committee Composition:

• Mr. Rohit Goyal (DIN: 06894223) - Independent Director
• Mr. Rajendra Senapati (DIN: 10031791) - Independent Director
• Mr. Himanshu Kapoor (DIN: 07926807) - Independent Director
• Mr. Akshay Shivaji Adhalrao (DIN: 00314926) - Executive Director

Nomination and Remuneration Committee Composition:

• Mr. Rohit Goyal (DIN: 06894223) - Independent Director
• Mr. Rajendra Senapati (DIN: 10031791) - Independent Director
• Mr. Himanshu Kapoor (DIN: 07926807) - Independent Director
• Ms. Madhuri Adhalrao (DIN: 00315018) - Non-Executive Director

Financial Results and Regulatory Compliance

The board approved the unaudited standalone financial results for the quarter and nine months ended December 31, 2025, along with the limited review report from auditors B.C. Jain & Co. The auditors highlighted an emphasis of matter regarding the company's sale of its entire land and building situated at Udyog Nagar, Kanpur, with the gain recognized as an exceptional item in the profit and loss account.

Promoter Reclassification Request

The board also considered a request from promoter/promoter group entities seeking reclassification from 'promoter and promoter group' category to 'public' category shareholder status, in accordance with Regulation 31A of the SEBI (LODR) Regulations, 2015. This reclassification is subject to requisite approval from shareholders and BSE Limited, where the company's equity shares are listed.

EMA India Limited has strengthened its board composition with the appointment of two Additional Directors during a board meeting held on February 13, 2026. The meeting commenced at 04:00 P.M. and concluded at 05:00 P.M., where the board considered and approved key appointments to enhance corporate governance.

Board Appointments Overview

The company announced two strategic appointments to its board of directors, both effective immediately from February 13, 2026.

Executive Director Appointment

Mr. Apurva Shivaji Adhalrao has been appointed as Additional Director (Executive, Non-Independent) of the company. The board confirmed that he is not disqualified from being appointed as a Director and meets the fit and proper criteria as prescribed under applicable provisions.

Educational Background:

• Three-Year Higher Diploma in Hospitality Management from International Hotel Management Institute (IMI), Lucerne, Switzerland (March 2010)
• Bachelor of Business Administration (BBA) in Hotel and Tourism Management from Yashwantrao Chavan Maharashtra Open University through Kohinoor IMI School of Hospitality Management, Khandala

Key Relationship: Mr. Adhalrao is the brother of Mr. Akshay Shivaji Adhalrao, who serves as the Managing Director of the company.

Independent Director Appointment

Mr. Rajendra Senapati has been appointed as Additional Director (Non-Executive, Independent) of the company. The board noted that he is not disqualified from being appointed as a Director and meets the criteria of independence under applicable provisions.

Professional Experience:

• Over 27 years of comprehensive experience in finance and corporate governance
• 21 years in diverse corporate leadership roles
• Over 6 years in professional practice as a Chartered Accountant
• Extensive expertise in board-level financial oversight, statutory and regulatory compliance, risk management, internal controls, audit supervision, and strategic advisory
• Particular specialization in the MSME sector

Regulatory Compliance

The appointments were made pursuant to Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all required details in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/0155 dated November 11, 2024.

Both directors will hold their positions until the company's ensuing Annual General Meeting, after which their appointments may be subject to shareholder approval for continuation.