Description

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

Summary

BSE has announced the schedule of activities for the Offer to Buy – Acquisition Window (Takeover) for EMA INDIA LTD. The offer will run from Friday, November 14, 2025 to Thursday, November 27, 2025. Trading members and custodian members can participate in bidding for up to 2,61,300 equity shares at an offer price of Rs. 124 per share. The circular provides detailed session timings, bidding categories, platform access URLs, and contact information for operational support.

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 14-27, 2025
  • Bid Offering Period: 9:15 AM to 3:30 PM (November 14-27, 2025)
  • Give-up/Take-up Period: 9:15 AM to 3:30 PM (November 14-26, 2025)
  • Last Day Give-up: 9:15 AM to 3:30 PM (November 27, 2025)
  • Last Day Take-up: 9:15 AM to 4:00 PM (November 27, 2025)
  • Multiple bidding categories available: FII, FI, MF, IC, OTH, NOH, CO, IND

Regulatory Changes

No regulatory changes introduced. This circular operationalizes existing takeover regulations through the Offer to Buy mechanism.

Compliance Requirements

  • Trading Members: Must ensure UCC of investors is registered/updated with correct PAN Number and Category in Exchange UCC database
  • Eligibility: Trading members can only bid for investors having shares in demat form
  • Platform Access: Members must use designated URLs for iBBS, RTRMS, and Extranet platforms (both Internet and Leased Line options available)
  • Reference Circulars: Members must refer to Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017) for operational instructions
  • File Availability: Extranet files for bid acceptance available only after confirmation from Merchant Banker/RTA post-issue closure
  • Note: If no securities are accepted, no End of Issue files will be generated in Extranet

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 - 3:30 PM)
  • Give-up/Take-up Period: November 14-26, 2025 (9:15 AM - 3:30 PM)
  • Last Day for Give-up: November 27, 2025 (9:15 AM - 3:30 PM)
  • Last Day for Take-up: November 27, 2025 (9:15 AM - 4:00 PM)

Impact Assessment

Market Impact: Low. This is a company-specific takeover offer affecting only EMA INDIA LTD shareholders. The offer size of 2.61 lakh shares is relatively small and unlikely to have broader market implications.

Operational Impact: Medium for participating members. Trading members and custodians need to ensure proper UCC registration, platform access, and compliance with bidding procedures during the 14-day offer period.

Investor Impact: Relevant only to current EMA INDIA LTD shareholders holding shares in demat form who wish to participate in the takeover offer at Rs. 124 per share, representing a specific exit opportunity at the stated price.

Impact Justification

Medium importance as it provides operational details for a specific takeover offer affecting limited shares (2.61 lakh shares) of a single company. Low impact as it affects only shareholders and bidders of EMA INDIA LTD during the specified period.