EMA India Ltd — Important, 01-01-1970: Company Update

Dynalog (India) Limited and its promoter group have launched an open offer to acquire up to 26% of EMA India Limited shares at ₹124 per share, totaling ₹3.24 crore. This follows a prior acquisition of 45.03% of EMA’s voting capital, aiming for a total potential holding of 71.03%. The acquirers seek majority control to diversify EMA’s business, potentially into defence electronics, aligning with Dynalog's profitable operations. A board meeting has been announced to appoint new directors as current promoters will exit. EMA currently generates minimal revenue and is loss-making. Independent Directors will share their opinion on the offer.