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.

EMS Limited , a leading player in the water and wastewater management sector, reported a 26-27% decline in revenue for the second quarter. The company attributed this decrease to pan-India heavy monsoon rains that disrupted underground sewerage and pipeline work across its operational states.

Impact of Monsoon on Operations

The unprecedented rainfall forced EMS Limited to suspend digging operations for safety reasons, significantly affecting project execution. CEO H.K. Kansal explained, "We couldn't continue the digging work at all. After digging, if it is raining even after 3 days, then we have to stop the work because of the collapsing of the earth and of the nearby civil structures like building and electrical structures."

Financial Performance

Despite the revenue decline, EMS Limited managed to maintain its margins with only a 2% drop. The company's PAT (Profit After Tax) margin remained relatively stable at around 18%, demonstrating resilience in challenging conditions.

Order Book and Future Outlook

EMS Limited reported a robust unexecuted order book of INR 2,388.00 crores. The company has tenders in the pipeline worth approximately INR 4,000.00 crores and expects to secure additional orders of at least INR 500.00-600.00 crores in the current financial year.

Managing Director Ashish Tomar reaffirmed the company's annual growth guidance of 18-20% compared to the previous fiscal year, stating, "We continue to focus on disciplined execution, timely delivery and restoring growth momentum in the coming quarters."

Recovery Strategy

To compensate for the Q2 slowdown, EMS Limited plans to ramp up progress in Q3 and Q4. The company utilized the monsoon period for planning, obtaining drawing approvals for EPC projects, and procuring critical materials, which are expected to contribute to revenue generation in the coming quarters.

Competitive Edge

EMS Limited differentiates itself through in-house capabilities in engineering, procurement, installation, and operation & maintenance. This integrated approach contributes to the company's higher profit margins compared to industry peers.

Market Position

In the listed space, EMS Limited faces limited direct competition in its specific market segment. The company's focus on urban water supply and wastewater projects, combined with its technical expertise and in-house capabilities, positions it uniquely in the sector.

As the water and wastewater management sector continues to grow, EMS Limited remains confident in its ability to capitalize on upcoming opportunities and maintain its growth trajectory.