Description

Schedule of activities for the Offer to Buy (Takeover) of EMA INDIA LTD shares, scheduled from November 14, 2025 to November 27, 2025, offering up to 2,61,300 equity shares at Rs. 124 per share.

Summary

BSE announces the detailed schedule for the Offer to Buy (Acquisition Window/Takeover) for EMA INDIA LTD shares. The offer will run from Friday, November 14, 2025 to Thursday, November 27, 2025. The acquirer is offering to purchase up to 2,61,300 equity shares at Rs. 124 per share through BSE’s OTB platform.

Key Points

  • Security Details: EMA INDIA LTD (Symbol: EMAINDIA, ISIN: INE279D01016, Scrip Code: 522027)
  • Offer Size: Up to 2,61,300 equity shares
  • Offer Price: Rs. 124 per share
  • Face Value: Rs. 10.00
  • Market Lot: 1 share
  • Offer Period: November 14, 2025 to November 27, 2025
  • Trading members can bid for investors having shares in demat form only
  • Bids accepted through iBBS and RTRMS platforms

Regulatory Changes

No regulatory changes introduced. This circular provides operational guidelines for participating in the takeover offer through BSE’s existing OTB (Offer to Buy) framework.

Compliance Requirements

  • Trading Members & Custodians: Must ensure investor UCC is registered/updated with correct PAN Number and Category in Exchange UCC database
  • Eligible Participants: Foreign Institutional Buyers (FII), Financial Institutions (FI), Mutual Funds (MF), Insurance Companies (IC), Other QIBs (OTH), Other Non-Institutional Buyers (NOH), Companies (CO), and Individuals (IND)
  • Demat Requirement: Trading members can only bid for investors holding shares in demat form
  • Platform Access: Members must use authorized URLs (Internet or Leased Line) for iBBS, RTRMS, and Extranet platforms
  • Members should refer to Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017) for operational instructions

Important Dates

  • Offer Opening Date: Friday, November 14, 2025
  • Offer Closing Date: Thursday, November 27, 2025
  • Bid Offering Period: November 14-27, 2025 (9:15 AM to 3:30 PM)
  • Give-up/Take-up Period: November 14-26, 2025 (9:15 AM to 3:30 PM)
  • Give-up (Last Day): November 27, 2025 (9:15 AM to 3:30 PM)
  • Take-up (Last Day): November 27, 2025 (9:15 AM to 4:00 PM)

Impact Assessment

Market Impact: Low - This is a company-specific takeover offer with limited size (2,61,300 shares representing a small stake). Impact is restricted to EMA INDIA LTD shareholders.

Operational Impact: Medium for participating brokers - Trading members and custodians need to ensure their systems and UCCs are properly configured to participate in the OTB process. Multiple platform access points (iBBS, RTRMS, Extranet) require coordination.

Investor Impact: High for EMA INDIA shareholders - Existing shareholders have an opportunity to tender their shares at Rs. 124 per share during the 14-day offer window. Shareholders must act through their brokers who have demat accounts.

Contact Points: BSE has provided comprehensive contact information for technical support (Trading Operations team) and issue-specific queries (Listing Sales team).

Impact Justification

Company-specific takeover offer with limited size (2.61 lakh shares). Important for EMA INDIA shareholders but minimal broader market impact.