NSE has announced that EMA Partners India Limited will conduct a buyback offer under the Tender Offer Scheme using NSE’s web-based bidding platform. The buyback covers up to 7,25,000 equity shares at a fixed price of Rs. 100 per share, with the offer open from May 7 to May 13, 2026. All Capital Market segment trading members are eligible to participate.

Key Points

• EMA Partners India Limited is buying back up to 7,25,000 equity shares at Rs. 100 per share (face value Rs. 5)
• The offer is a fixed-price buyback conducted via NSE’s web-based IPO bidding platform (https://eipo.nseindia.com)
• Security symbol: EMAPARTNER, Series: BB, ISIN: INE0ZOL01023
• Market lot for trading is 1,000 shares; acceptance under buyback follows entitlement ratios (shareholders may be left with odd lots)
• Members already registered on the IPO bidding platform can use existing credentials; others must use the admin terminal (login: Adminxxxxx where xxxxx is the Member Code)
• Merchant Banker: Indorient Financial Services Limited; Registrar: Bigshare Services Private Limited

Regulatory Changes

No new regulatory changes. The offer is conducted in accordance with the existing Tender Offer Scheme framework per NSE circular NSE/CMTR/52776 dated June 29, 2022.

Compliance Requirements

• Trading members wishing to participate must ensure access to the web-based bidding platform before the offer opens
• Members without existing access must log in to the admin terminal and create branch and user accounts prior to bidding
• Bidding must be submitted within the specified daily window (9:15 a.m. to 3:30 p.m.); custodial confirmation on issue closure day extends to 4:00 p.m.
• Eight investor categories are eligible: FII, MF, IC, FI, Other QIBs, Bodies Corporate, Individuals, and Other Non-Institutional Investors

Important Dates

• Issue Period: May 7, 2026 to May 13, 2026
• Daily Bidding Window: 9:15 a.m. to 3:30 p.m.
• Custodial Confirmation on Closure Day: 9:15 a.m. to 4:00 p.m.

Impact Assessment

This circular has a moderate and company-specific impact. Shareholders of EMA Partners India Limited have an opportunity to tender shares at Rs. 100, which may represent a premium over the prevailing market price. Trading members should note the odd-lot risk: since the market lot is 1,000 shares but acceptance is entitlement-based, shareholders may end up holding odd lots post-buyback. The offer size of 7,25,000 shares is relatively small in scale, limiting broader market impact.

NSE Clearing Limited (NCL) has issued the settlement calendar for the buyback offer under the tender offer scheme by EMA Partners India Limited. This circular (NCL/CMPT/74081) references earlier circulars NCL/CMPT/73996 dated April 30, 2026 and NSE/CMTR/74076 dated May 06, 2026. Settlement type is X with Settlement No. 2026047.

Key Points

• Trade window opens May 7, 2026 and closes May 13, 2026
• Obligation download scheduled for May 19, 2026
• Final settlement date is May 20, 2026
• Demat shares must be tendered via Early Pay-in of Shares through depository mechanism for Market Type Buyback
• Early pay-in of shares on trade end date must be completed well in advance of 3:30 PM cutoff
• Securities Transaction Tax (STT) will be collected on the respective settlement day
• Settlement schedule may be revised if there are delays in RTA acceptance details or funds pay-in by buying trading members

Regulatory Changes

No new regulatory changes introduced. This circular operationalizes the previously announced buyback tender offer framework under existing NSE Clearing regulations.

Compliance Requirements

• Members/Custodians/PCMs must ensure demat shares are tendered only through the Early Pay-in mechanism via depositories
• Early pay-in of shares on the trade end date (May 13, 2026) must be submitted well before 3:30 PM
• Securities and funds payout will occur only after receipt of funds pay-in on Settlement Day (May 20, 2026)
• Members will receive a Tender Offer Acceptance Report detailing accepted, partially accepted, and rejected orders with rejection reason codes
• For queries, members should contact the help desk at ncl_tenderoffer@nsccl.co.in or Toll Free: 1800 266 00 50 (Option 2)

Important Dates

Impact Assessment

This circular is directly relevant to members, custodians, and PCMs participating in the EMA Partners India Limited buyback tender offer. Participants must adhere strictly to the early pay-in deadline of 3:30 PM on May 13, 2026 to avoid order rejection. The 26 rejection codes listed in Annexure I (covering issues such as signature discrepancies, PAN mismatch, demat account name mismatch, and excess shares tendered) provide clear guidance on common pitfalls. The settlement schedule is subject to revision in case of delays from the RTA or buying trading members, so participants should monitor for any revised notifications from NSE Clearing.