Dynalog India and Associates Acquire 45% Stake in EMA India Limited
Dynalog (India) Limited and five associated individuals have acquired a 45.03% stake in EMA India Limited through an off-market deal. The acquisition, based on a Share Purchase Agreement dated July 30, 2025, was completed on September 12, 2025, with a total transaction value of Rs. 5,60,16,076.00 at Rs. 124.00 per share. The acquirers, previously holding no shares, have now become significant shareholders and part of the promoter group. EMA India Limited, listed on BSE with scrip code 522027, has an equity share capital of Rs. 1,00,50,000.00. The necessary disclosures have been made in compliance with SEBI regulations.
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EMA India Limited has undergone a significant change in its ownership structure as Dynalog (India) Limited and five associated individuals have completed a major acquisition. On September 12, 2025, the acquirers gained a substantial 45.03% stake in EMA India Limited through an off-market deal.
Acquisition Details
The acquisition, based on a Share Purchase Agreement dated July 30, 2025, involved the following parties and their respective stakes:
| Acquirer | Shares Acquired | Stake (%) | Value (Rs.) |
|---|---|---|---|
| Dynalog (India) Limited | 1,02,549 | 10.20 | 1,27,16,076.00 |
| Shivaji Dattatraya Adhalrao | 45,000 | 4.48 | 55,80,000.00 |
| Kalpana Shivaji Adhalrao | 90,000 | 8.96 | 1,11,60,000.00 |
| Akshay Shivaji Adhalrao | 35,000 | 3.48 | 43,40,000.00 |
| Apurva Shivaji Adhalrao | 90,000 | 8.96 | 1,11,60,000.00 |
| Madhuri Akshay Adhalrao | 90,000 | 8.96 | 1,11,60,000.00 |
| Total | 4,52,549 | 45.03 | 5,60,16,076.00 |
The transaction value totaled Rs. 5,60,16,076.00, with the acquirers paying Rs. 124.00 per share.
Impact on Ownership
Prior to this acquisition, none of the acquirers held any shares in EMA India Limited. Following the transaction, they have collectively become significant shareholders, with all acquirers now part of the promoter group.
Company Profile
EMA India Limited, listed on the BSE Limited with the scrip code 522027, has an equity share capital of Rs. 1,00,50,000.00, comprising 10,05,000 equity shares of Rs. 10.00 each. The company's ISIN is INE279D01016.
Regulatory Compliance
In compliance with SEBI regulations, the acquirers have made the necessary disclosures under:
- Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
- Regulation 7(2)(b) of SEBI (Prohibition of Insider Trading) Regulations, 2015
The company secretary of EMA India Limited, Shruti Sharma, has duly informed the BSE Limited about these disclosures on September 17, 2025.
Market Implications
This substantial acquisition by Dynalog (India) Limited and its associated individuals could potentially lead to changes in EMA India Limited's management and strategic direction. Investors and market watchers will likely be keen to observe any shifts in the company's operations or performance following this significant change in ownership structure.
Historical Stock Returns for EMA India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.99% | +10.35% | +54.15% | +88.90% | +693.19% | +9,345.18% |
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