EMA India Limited, a company listed on the Bombay Stock Exchange (BSE: 522027), has announced a significant change in its leadership team. The company's Board of Directors has appointed Mr. Akshay Shivaji Adhalrao as an Additional Director in an executive, non-independent capacity, effective September 19, 2025.

Board Approval and Appointment Details

The appointment was approved during a board meeting held on September 19, 2025, which commenced at 14:30 and concluded at 15:30. Mr. Adhalrao, who holds the Director Identification Number (DIN) 00314926, will serve in this position until the next Annual General Meeting of the company.

About Akshay Shivaji Adhalrao

Mr. Adhalrao brings a wealth of experience to EMA India Limited. He is currently serving as the Managing Director of Dynalog India Ltd. and has established himself as a seasoned leader in several key sectors:

• Defense electronics
• Surveillance
• Industrial automation

His expertise is particularly noted in driving innovation, fostering global partnerships, and spearheading strategic growth in these fields.

Compliance and Qualifications

The Board of Directors has confirmed that Mr. Adhalrao meets all the necessary qualifications for the position. They have also verified that he is not disqualified from holding the office of director under any applicable provisions. The company stated that Mr. Adhalrao meets the "fit and proper" criteria as required by regulatory standards.

Regulatory Compliance

This appointment and disclosure are in line with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The company has provided the necessary details as per the SEBI Master Circular No.SEBI/HO/CFD/PoD2/CIR/P/2023/0155 dated November 11, 2024.

EMA India Limited's Company Secretary, Shruti Sharma, officially communicated this development to the BSE Limited, ensuring transparency and compliance with regulatory requirements.

This strategic appointment could potentially bring new perspectives and industry insights to EMA India Limited, leveraging Mr. Adhalrao's extensive experience in technology-driven sectors.

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:

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.