EMS Limited has announced the formation of two strategic partnerships aimed at expanding its business operations across key infrastructure segments. The company's Board of Directors approved these partnership agreements on December 31, 2025, marking a significant step in the company's growth strategy.

Partnership Details and Structure

The infrastructure company has entered into partnership agreements with two entities to diversify its operational capabilities:

EMS Limited will serve as the lead partner in both ventures, maintaining majority control and operational oversight.

Business Scope and Operations

The EMS NIPL JV partnership focuses on comprehensive sewage treatment solutions, including:

• Design and construction of Sewage Treatment Plants
• Development of Sewage Pumping Stations
• Installation of Sewerage Networks and allied infrastructure
• Completion of the Kolkata Municipal Corporation project for Pollution Abatement Work for Rejuvenation of River Adi Ganga in West Bengal

The EMS Concrete partnership encompasses ready-mix concrete operations covering manufacturing, processing, mixing, batching, supplying, selling, transporting, and dealing in ready-mix concrete and allied construction materials.

Financial Structure and Investment

Both partnerships involve modest initial capital requirements:

The partnerships are structured as domestic ventures, focusing on expanding EMS Limited's presence in the Indian infrastructure and construction materials markets.

Related Party Considerations

While the partnership with Neercare India Private Limited does not involve related party transactions, the agreement with Mr. Gajendra Parihar constitutes a related party transaction. Mr. Parihar is the son-in-law of Mr. Ramveer Singh, who serves as Director and Chairman of EMS Limited. The company has confirmed that this transaction is conducted on an arm's length basis, ensuring compliance with regulatory requirements.

Strategic Rationale

These partnerships align with EMS Limited's expansion strategy, enabling the company to leverage specialized expertise and resources in targeted business segments. The sewage treatment partnership specifically addresses the immediate requirement to complete the Kolkata Municipal Corporation project, while the ready-mix concrete venture positions the company to capitalize on construction industry opportunities. Both partnerships are expected to contribute to the company's diversified revenue streams and strengthen its position in the infrastructure development sector.

EMS Limited has disclosed the creation of a pledge by its promoter Mr. Ramveer Singh under Regulation 31(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The disclosure was made on December 31, 2025, following the pledge creation on December 30, 2025.

Pledge Transaction Details

Mr. Ramveer Singh pledged 9,24,500 equity shares of EMS Limited to SG Finserve Limited for personal use. The transaction details are presented below:

Financial Details

The pledge involves significant financial considerations with appropriate security cover:

SG Finserve Limited is confirmed as a scheduled commercial bank, public financial institution, NBFC, or housing finance company, providing regulatory compliance for the transaction.

Promoter Shareholding Position

Following this pledge creation, Mr. Ramveer Singh's shareholding structure in EMS Limited is as follows:

Regulatory Compliance

The disclosure was made in compliance with multiple SEBI regulations and circulars:

• Regulation 31(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011
• SEBI Circular SEBI/HO/CFD/DCR-3/P/CIR/2022/27 dated March 07, 2022
• SEBI Circular SEBI/HO/CFD/DCR1/CIR/P/2019/90 dated August 07, 2019

The encumbered shares represent 30.81% of the promoter's total shareholding and exceed 20% of the company's total share capital, triggering mandatory disclosure requirements. The company confirmed that transactions undertaken in the depository system under Regulation 29 and Regulation 31 are updated automatically through System Driven Disclosures (SDD) as per SEBI guidelines.