Description

Schedule of activities for offer to buy acquisition window (takeover) of EMA INDIA LTD shares from November 14, 2025 to November 27, 2025 at Rs. 124 per share for up to 2,61,300 equity shares.

Summary

BSE has announced the schedule for the Offer to Buy – Acquisition Window (Takeover) for EMA INDIA LTD. The offer will be open from Friday, November 14, 2025 to Thursday, November 27, 2025. The acquirer is offering Rs. 124 per share for up to 2,61,300 equity shares of face value Rs. 10 each. Trading members and custodian members can participate through the iBBS platform and RTRMS for bidding and settlement activities.

Key Points

  • Security Details: EMA INDIA LTD (Symbol: EMAINDIA, Scrip Code: 522027, ISIN: INE279D01016)
  • 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 Session: 9:15 AM to 3:30 PM (except take-up on last day extends to 4:00 PM)
  • Eligible Participants: FII, Financial Institutions, Mutual Funds, Insurance Companies, Other QIBs, NIBs, Companies, and Individual investors
  • Platform Access: iBBS (Internet and Leased Line), RTRMS, and Extranet for file downloads

Regulatory Changes

No regulatory changes announced. This circular provides operational instructions for an acquisition window under existing takeover regulations.

Compliance Requirements

  • Trading Members: Must ensure UCC (Unique Client Code) of investors is registered/updated with correct PAN Number and Category in the Exchange UCC database
  • Bidding Requirement: Trading members can only bid for investors having shares in demat form
  • System Access: Members and custodians must use designated platforms (iBBS, RTRMS, Extranet) with proper login credentials
  • Reference Circulars: Members should refer to Exchange Notices No. 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017) for operational instructions
  • Leased Line Setup: For leased line URL access, refer to Exchange Circular No. 20170503-12
  • File Availability: Acceptance files on Extranet will only be available after Exchange receives confirmation from Merchant Banker/RTA post-issue closure

Important Dates

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

Impact Assessment

Market Impact: Low. This is a takeover offer for a specific company with a limited number of shares (2.61 lakh shares). The impact is confined to EMA INDIA LTD shareholders and does not affect broader market operations.

Operational Impact: Medium for participating members. Trading members and custodians handling EMA INDIA LTD clients need to:

  • Ensure proper UCC registration and updates
  • Access and operate the iBBS/RTRMS platforms during the offer period
  • Process bids only for clients with demat holdings
  • Monitor give-up/take-up activities throughout the 14-day offer period

Investor Impact: High for EMA INDIA LTD shareholders. Existing shareholders have an opportunity to tender their shares at Rs. 124 per share during the acquisition window. The offer price represents a specific valuation that shareholders can evaluate against their cost basis and market expectations.

Contact Support: Multiple contact points provided for technical assistance with iBBS, RTRMS, and Extranet systems, including Trading Operations (022-22728005) and specific personnel for OTB module queries.

Impact Justification

Specific takeover offer for EMA INDIA LTD with limited scope (2.61 lakh shares). Important for shareholders and trading members to note the schedule but has minimal broader market impact.