BSECompany Update2d ago · 4 Nov 2026, 06:07 pm

Intimation Regarding SEBI Order granting Exemption to Rinku Appalwar Business Trust and Makrand Appalwar Business Trust under Securities and Exchange Board of India (Substantial Acquisition of Shares and Takovers) Regulations, 2011.

Emmbi Industries Ltd · 533161

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Emmbi Industries Ltd has received a SEBI order granting exemption to Rinku Appalwar Business Trust and Makrand Appalwar Business Trust from complying with certain regulations regarding the proposed acquisition of shares and voting rights in the company.

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Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment4/10

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Emmbi Industries Ltd - 533161 - Intimation Regarding SEBI Order Granting Exemption To Rinku Appalwar Business Trust And Makrand Appalwar Business Trust Under The Securities And Exchange Board Of India (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011

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Date: 04th November, 2026 To, To, BSE Limited, National Stock Exchange of India Limited, Department of Corporate Services, The Listing Department, Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai - 400 001 Bandra (East), Mumbai - 400 051 BSE Code: 533161 NSE Symbol: EMMBI Sub: Disclosure regarding SEBI Order granting exemption in respect of proposed acquisition of shares by Rinku Appalwar Business Trust and Makrand Appalwar Business Trust Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has received a letter from Mrs. Rinku Appalwar, Trustee of Rinku Appalwar Business Trust and Mr. Makrand Appalwar, Trustee of Makrand Appalwar Business Trust (hereinafter referred to as Trustee), enclosing an order dated November 03, 2026 passed by the Securities and Exchange Board of India (the SEBI). Vide the said order, the SEBI has granted an exemption to Rinku Appalwar Business Trust (“Rinku Trust”) & Makrand Appalwar Business Trust (“Makrand Trust”) from complying with the requirements of Regulations 3, 4 and 5 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, in respect of the proposed acquisition of shares and voting rights in Emmbi Industries Limited, Emmbi Laboratories Pvt Ltd. and Maithili Agrotech Pvt Ltd. Pursuant to the proposed transaction involves the transfer of 38,39,550 equity shares (19.96%) held by Mr. Makrand Moreshwar Appalwar and 23,67,746 equity shares (12.31%) held by Mrs. Rinku Makrand Appalwar in the Company to their respective Business Trusts, along with the proposed transfer of shares and preference shares held in Emmbi Laboratories Private Limited and shares held in Maithili Agrotech Private Limited, as detailed in the aforesaid SEBI Order. As stated in the application submitted to the SEBI, the proposed transaction is an internal reorganisation of shareholding within the promoter and promoter group for family succession planning. The exemption has been granted subject to the terms and conditions specified in the SEBI Order. The proposed acquisition will not result in any change in the ultimate beneficial ownership, economic interest, voting control or control of the Company. The aggregate shareholding of the promoters and promoter group, as well as the public shareholding in the Company, will remain unchanged pursuant to the proposed acquisition. A copy of the letter received from Mrs. Rinku Appalwar, Mr. Makrand Appalwar and the SEBI Order are enclosed for your information and records. Thanking you, Yours faithfully, For Emmbi Industries Limited Rinku Appalwar Executive Director & CFO DIN: 00171976 Corp. Off.: Kohinoor City Commercial - 1, B Wing, 3rd Floor, 306, 307 & 308, Kirol Road, Kurla (West), Mumbai, Maharashtra – 400070, India Regd. Off: 99/2/1 & 9, Madhuban Industrial Estate, Madhuban Dam Road, Rakholi Village, Silvassa, U.T. of Dadra & Nagar Haveli - 396 230, India Tel: +91 22 4672 5555 | Fax: +91 22 4979 0304 | CIN: L17120DN1994PLC000387 | Email: info@emmbi.com | www.emmbi.com Date: 04th November, 2026 To, To, BSE Limited, National Stock Exchange of India Limited, Department of Corporate Services, The Listing Department, Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai - 400 001 Bandra (East), Mumbai - 400 051 BSE Code: 533161 NSE Symbol: EMMBI Subject: Intimation regarding SEBI Order granting Exemption to Rinku Appalwar Business Trust and Makrand Appalwar Business Trust Ref.: SEBI Order No. WTM/KCV/CFD/14/2026-27 dated November 03, 2026 granting exemption under Regulation 11(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“the SAST Regulations”) Dear Sir/Madam, We, Mrs. Rinku Makrand Appalwar and Mr. Makrand Moreshwar Appalwar, acting in our capacity as Trustees of Rinku Appalwar Business Trust (“Rinku Trust”) and Makrand Appalwar Business Trust (“Makrand Trust”) (collectively referred to as the “Acquirer Trusts”), hereby submit this intimation regarding the SEBI Exemption Order granted in respect of the proposed direct and indirect acquisition of shares, voting rights, and control in Emmbi Industries Limited (“Target Company”). Securities and Exchange Board of India (SEBI), vide its Order dated November 03, 2026, has granted exemption to Makrand Appalwar Business Trust and Rinku Appalwar Business Trust, respectively, from complying with the requirements of Regulations 3(2), 4 and 5 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, in respect of the proposed direct and indirect acquisition of shares and voting rights in the Company. The proposed transaction involves the transfer of 38,39,550 equity shares (19.96%) held by Mr. Makrand Moreshwar Appalwar and 23,67,746 equity shares (12.31%) held by Mrs. Rinku Makrand Appalwar in the Company to their respective Business Trusts, along with the proposed transfer of shares and preference shares held in Emmbi Laboratories Private Limited and shares held in Maithili Agrotech Private Limited, as detailed in the aforesaid SEBI Order. As stated in the application submitted to SEBI, the proposed transaction is undertaken as part of an internal reorganization within the Promoter Family for succession planning purposes and shall not result in any change in control of the Company. Further, the overall shareholding of the Promoters and Promoter Group and the public shareholding of the Company shall remain unchanged. A copy of the SEBI Exemption Order dated November 03, 2026, is enclosed herewith for your information and records. Kindly take the same on record. Thanking you, Yours faithfully, For and on Behalf of Makrand Appalwar Business Trust Mr. Makrand Appalwar Trustee For and on Behalf of Rinku Appalwar Business Trust Mrs. Rinku Makrand Appalwar Trustee Encl.: Copy of SEBI Exemption Order dated November 03, 2026. WTM/KCV/CFD/14/2026-27 SECURITIES AND EXCHANGE BOARD OF INDIA ORDER UNDER SECTIONS 11(1) AND 11(2)(h) OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 READ WITH REGULATION 11(5) OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 IN THE MATTER OF PROPOSED DIRECT AND INDIRECT ACQUISITION OF SHARES AND VOTING RIGHTS IN – TARGET COMPANY PROPOSED ACQUIRERS Rinku Appalwar Business Trust Emmbi Industries Limited Makrand Appalwar Business Trust Background 1. Emmbi Industries Limited (hereinafter referred to as the “Target Company”), a company incorporated on November 29, 1994 under the provisions of the Companies Act, 1956, has its registered office at 99/2/1 & 9, Madhuban Industrial Estate, Madhuban Dam Road, Rakholi Village, Union Territory of Dadra & Nagar Haveli, Silvassa- 396230. The equity shares of the Target Company are listed on the BSE Ltd. and the National Stock Exchange of India Limited. 2. An Application dated May 05, 2026 along with email dated September 02, 2026, and other communications dated June 23, 2026, August 13, 2026, September 18, 2026, (hereinafter referred to as “Application”) seeking exemption from applicability of provisions of regulations 3(2), 4 read with regulation 5 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (hereinafter referred to as the “SAST Regulations, 2011”) was received by SEBI from Mrs. Rinku Appalwar and Mr. Makrand Appalwar, in their capacity as the trustees of the Rinku Appalwar Business Trust (hereinafter referred to as “Rinku Trust” or “Acquirer Trust 1”) and Makrand Appalwar Business Trust (hereinafter referred to as “Makrand Trust” or “Acquirer Trust 2”) (collectively referred to as the Exemption Order in the matter of Emmbi Industries Limited. Page 1 of 13 “Acquirer Trusts”) respectively, in the matter of proposed direct and indirect acquisition of shares and voting rights in the Target Company by the Acquirer Trusts. Details of the proposed acquisition: 3. The A [Showing first 8,000 characters — download PDF for full document]