EMA Partners India Limited Launches ₹725 Lakhs Share Buyback via Tender Offer Route

EMA Partners India Limited has issued a Letter of Offer dated May 05, 2026, for the buyback of up to 7,25,000 (Seven Lakh Twenty-Five Thousand) fully paid-up equity shares of face value ₹5/- each, at a buyback price of ₹100/- (Rupees One Hundred Only) per equity share, payable in cash. The aggregate buyback size is up to ₹725 Lakhs (Rupees Seven Hundred Twenty-Five Lakhs Only), excluding transaction costs. The buyback is being undertaken through the tender offer route using the stock exchange mechanism on the EMERGE platform of the National Stock Exchange of India Limited (NSE), on a proportionate basis from all eligible equity shareholders as on the record date.

Key Buyback Details

The following table summarises the key parameters of the buyback offer:

Parameter: Details Buyback Price: ₹100/- per equity share Total Buyback Size: Up to ₹725 Lakhs Number of Shares: Up to 7,25,000 equity shares Face Value: ₹5/- per share % of Paid-up Capital (Standalone): 6.57% of aggregate paid-up equity share capital and free reserves % of Paid-up Capital (Consolidated): 4.89% of aggregate paid-up equity share capital and free reserves % of Total Paid-up Equity Shares: 3.12% Record Date: Thursday, April 30, 2026 Buyback Opens: Thursday, May 07, 2026 Buyback Closes: Wednesday, May 13, 2026 Route: Tender Offer via Stock Exchange Mechanism Designated Stock Exchange: NSE Manager to the Buyback: Indorient Financial Services Limited Registrar to the Buyback: Bigshare Services Private Limited Escrow Agent: Axis Bank Limited

Schedule of Buyback Activities

The Board of Directors approved the buyback proposal at its meeting held on Thursday, April 23, 2026. The Public Announcement was issued on Friday, April 24, 2026, and published on Saturday, April 25, 2026. The key activity schedule is as follows:

Activity: Date Board Meeting Approval: April 23, 2026 Public Announcement: April 24, 2026 Publication of Public Announcement: April 25, 2026 Record Date: April 30, 2026 Buyback Opening Date: May 07, 2026 Buyback Closing Date: May 13, 2026 Last Date for Tender Form Receipt by Registrar: May 13, 2026 (by 5:00 PM IST) Last Date for Verification by Registrar: May 14, 2026 Last Date for Intimation to Designated Stock Exchange: May 19, 2026 Last Date for Settlement of Bids: May 22, 2026 Last Date for Extinguishment of Equity Shares: June 03, 2026

Buyback Entitlement by Shareholder Category

The buyback offer is divided into two categories — a reserved category for small shareholders and a general category for all other eligible shareholders. The entitlement ratios are as follows:

Category: Ratio of Buyback Reserved Category (Small Shareholders): 3 Equity Shares out of every 31 fully paid-up Equity Shares held on the Record Date General Category (All Other Eligible Shareholders): 10 Equity Shares out of every 359 fully paid-up Equity Shares held on the Record Date

A small shareholder is defined as one holding equity shares with a market value not exceeding ₹2,00,000/- (Rupees Two Lakhs only) based on the closing price on the record date. As on the record date, there were 993 small shareholders holding an aggregate of 11,21,402 equity shares, constituting 4.82% of the outstanding equity shares. The actual buyback entitlement for the reserved category for small shareholders is 9.69768200877116% and for the general category is 2.78530771311254%.

Buyback Price Rationale

The buyback price of ₹100/- per equity share represents:

A premium of 40.58% over the volume weighted average market price on NSE during the one month preceding April 20, 2026

A premium of 40.66% over the volume weighted average market price on NSE for the two weeks preceding April 20, 2026

A premium of 16.48% over the closing price on NSE as on April 23, 2026 (the date of the Board meeting approving the buyback)

A premium of 110.53% to the standalone book value per equity share of ₹47.50/- as at March 31, 2026

A premium of 56.91% to the consolidated book value per equity share of ₹63.73/- as at March 31, 2026

The closing market price of the equity shares on NSE as on Wednesday, April 22, 2026 (the working day previous to the Board approval date) was ₹88.90, and on Friday, April 24, 2026 (the next trading day after Board approval), was ₹85.00.

Financial Impact of the Buyback

The following table presents the salient financial parameters pre and post buyback, based on the latest audited standalone and consolidated financial statements as of March 31, 2026:

Parameter: Standalone Pre-Buyback Standalone Post-Buyback Consolidated Pre-Buyback Consolidated Post-Buyback Net Worth (₹ in Lakhs): 11,042.64 10,317.64 14,815.67 14,090.67 Return on Net Worth (%): 7.94 8.50 8.31 8.73 Basic EPS (₹): 3.77 3.89 5.29 5.46 Diluted EPS (₹): 3.77 3.89 5.29 5.46 Book Value per Share (₹): 47.50 49.03 63.73 65.78 Price/Earnings Ratio: 19.74 19.12 14.06 13.63 Total Debt/Equity Ratio: 0.00 0.00 0.00 0.00

Assuming 100% acceptance from all eligible shareholders up to their buyback entitlement, the aggregate shareholding of the Promoter and Promoter Group may increase to 65.76% from 63.71% prior to the buyback, while public shareholding may decrease to 34.24% from 36.29%. The Company has deposited an escrow amount of ₹761.25 Lakhs (Rupees Seven Hundred Sixty-One Lakh and Twenty-Five Thousand Only) in cash in the escrow account opened with Axis Bank Limited.

Promoter Shareholding and Participation

The Promoter and Promoter Group hold 63.71% of the total outstanding equity share capital as on the date of the Public Announcement. The promoters — Mr. Krishnan Sudarshan and Mr. Subramanian Krishnaprakash — along with all members of the Promoter Group, have expressed their intention not to participate in the buyback, vide their letters dated April 23, 2026. Accordingly, the equity shares held by the Promoter and Promoter Group will not be considered for computing the entitlement ratio, resulting in a higher buyback entitlement for other eligible shareholders.

Company Financial Performance

On a standalone basis, EMA Partners India Limited reported total income of ₹4,422.05 Lakhs for the financial year ended March 31, 2026, compared to ₹1,545.01 Lakhs and ₹1,614.43 Lakhs for the financial years ended March 31, 2025 and March 31, 2024, respectively. Net profit after tax stood at ₹876.82 Lakhs for FY2026, against ₹197.30 Lakhs for FY2025 and ₹165.11 Lakhs for FY2024.

On a consolidated basis, the Company reported total income of ₹9,058.17 Lakhs for FY2026, compared to ₹7,902.07 Lakhs for FY2025 and ₹6,883.45 Lakhs for FY2024. Net profit after tax and after minority interest was ₹1,230.51 Lakhs for FY2026, against ₹1,261.38 Lakhs for FY2025 and ₹1,427.28 Lakhs for FY2024.

Eligible shareholders are advised to read the Letter of Offer in full and consult their respective legal, financial, and tax advisors prior to participating in the buyback. All future correspondence related to the buyback should be addressed to the Registrar to the Buyback, Bigshare Services Private Limited, at S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Andheri East, Mumbai-400093.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation.

We plan to change that - a technology-led and artificial intelligence enabled platform built for super traders and long term investors.

Disclaimer:

The data and information provided on this website is for general informational and research purposes only. While we strive to ensure that the content is accurate, up-to-date, and reliable, this platform utilizes artificial intelligence (AI) tools to generate, curate, and summarize information. As such, the content may occasionally contain errors, omissions, or outdated information. All users are therefore advised to cross verify the source of the data and information.

This website does not constitute professional, legal, financial, medical, or any other form of licensed advice. Users are encouraged to independently verify any information before relying on it, especially for decisions that may have legal, financial, or personal consequences.

The views, analyses, and summaries presented on this platform may be generated or assisted by AI and do not necessarily reflect the opinions of the website owners, operators, editors, or affiliates.

We make no warranties or representations, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information contained on this website. Any reliance you place on such information is strictly at your own risk.

This website may include links to third-party sources or content. We do not control or endorse the nature, accuracy, or availability of those external sites and are not responsible for any content or damages arising from their use.

By using this website, you acknowledge and agree that the use of AI-generated content involves inherent limitations, uncertainties and inaccuracies, and you accept full responsibility for how you interpret and use the information provided.

We reserve the right to modify, update, or remove content and this disclaimer at any time without prior notice.