EMS Limited has entered into a Share Purchase Agreement to acquire 140 equity shares, representing a 14% stake, in its subsidiary Mirzapur Ghazipur STPs Private Limited. This acquisition is a continuation of the company's previous intimation dated May 29th, 2024.

Transaction Details

  • Number of shares acquired: 140 equity shares
  • Percentage stake acquired: 14%
  • Total holding post-acquisition: 74% of paid-up share capital
  • Consideration type: Cash payment
  • Cost of acquisition: ₹26.08 lakh
  • Price per share: ₹18,629
  • Valuation basis: As per valuation report from Registered Valuer
  • Completion timeline: 30-90 days

Target Company Information

Mirzapur Ghazipur STPs Private Limited was incorporated on March 15, 2021, under the Companies Act, 2013. The company's registered office is located at 701, Tower-A, Jasola, New Delhi 110025. The company is engaged in the business of development and installation of Sewage Treatment Plants (STPs) and has presence in India.

Financial Performance (Rs. in Lakhs)

| Financial Year | Turnover | Profit After Tax (PAT) | Net Worth |

| 2023-24 | 7,876.35 | 0.92 | 109.78 |

| 2024-25 | 2,303.76 | 1.75 | 111.52 |

| 2025-26 | 2,086.02 | 109.80 | 221.32 |

Regulatory Classification

The transaction falls within the ambit of Related Party Transactions under Section 2(76) of the Companies Act, 2013, as Mr. Ashish Tomar (Managing Director & CFO of EMS Limited) is also a Director in the target company. The company has stated that the transaction shall be done on an arm's length basis.

Purpose and Impact

The acquisition is intended to increase control in the target subsidiary company. The target company operates in the same sector as EMS Limited (development and installation of Sewage Treatment Plants) and is expected to support the revenue of the acquirer company.

Regulatory Approvals

No governmental or regulatory approvals are required for this acquisition.

Disclosure Compliance

The intimation is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/l/3762/2026 dated January 30, 2026.