BSECompany Update4d ago · 31 Jul 2026, 06:51 pm
In continuation to our intimation dated May 29th, 2024, we would like to inform that EMS Limited has entered into a Share Purchase Agreement (SPA) to further acquire 14% Shares (140 Shares) ....
EMS Ltd · 543983
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EMS Ltd has entered into a Share Purchase Agreement to acquire 14% shares of Mirzapur Ghazipur STPS Private Limited, a subsidiary company, for Rs. 26.08 lakhs per share.
Analysis Scores
Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
EMS Ltd - 543983 - Announcement under Regulation 30 (LODR)-Updates on Acquisition
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July 31, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block-G
Dalal Street, Bandra Kurla Complex,
Mumbai- 400 001 Bandra (E)
Mumbai- 400 051
Scrip Code: 543983 NSE Symbol: EMSLIMITED
Sub: - Intimation under Regulation 30 of Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015 - Update on
further acquisition of shares of Mirzapur Ghazipur STPs Private Limited
(subsidiary of EMS Limited).
In continuation to our Intimation dated May 29th, 2024, and pursuant to the provisions
of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we would like to
inform that EMS Limited (“the Company”) has entered into a Share Purchase Agreement
(SPA), to further acquire 140 Equity Shares (representing 14% Stake) in Mirzapur
Ghazipur STPS Private Limited (i.e. Subsidiary company). Consequently, the Company
will hold 74% of the total paid up share capital of Mirzapur Ghazipur STPs Private
Limited, after completion of transfer of Shares.
The details as required under Regulation 30 of the Listing Regulations read Schedule
III to the Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-
CFD-POD2/l/3762/2026 dated January 30, 2026, are enclosed herewith as
Annexure A.
We will update further on completion of Acquisition of Shares.
Kindly take the above on your record.
Thanking you,
Yours sincerely
For EMS Limited
Ashish Tomar
Managing Director & CFO
DIN: 03170943
Encl: as stated above
Annexure A
Disclosure as per 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
Sl. No Particulars Details
1. Name of the Target Entity, details Mirzapur Ghazipur STPS Private Limited
in brief such as size, turnover etc; was incorporated on March 15, 2021,
under the provisions of Companies Act,
2013 having its registered office at 701,
DLF Tower-A, Jasola, New Delhi-
110025 and is engaged in the business
of Development and Installation of
Sewage Treatment Plants (STPs).
(Rs. In Lakhs)
FY Turnover Profit Net
After Worth
(PAT)
2023- 7,876.35 0.92 109.78
2024- 2,303.76 1.75 111.52
2025- 2,086.02 109.80 221.32
2. Whether Acquisition will fall within Pursuant to Section 2(76) of the
Related Party Transaction(s) and Companies Act, 2013, Director of the
whether the promoter/ promoter company is a Director in Target
group/ group companies have any company, thus transaction shall fall
interest in the entity being within the ambit of Related Party
acquired? If yes, nature of interest Transactions.
and details thereof and whether
the same is done at “arm’s length”. The transaction shall be done on an
arm’s length basis.
Mr. Ashish Tomar, Managing Director &
CFO of the company is also a Director in
the Target company.
3. Industry to which the entity being Development and Installation of
acquired belongs; Sewerage Treatment Plants (STPs)
4. Objects and impact of acquisition To Increase the control in the Target
(including but not limited to Company (i.e. Subsidiary company).
disclosure of reasons for
acquisition of target entity, if its The Target company is working in the
business is outside the main line of same sector in which acquirer company
business of the listed entity) is working and will support the revenue
of Acquirer company.
5. brief details of any Governmental Not Applicable
or regulatory approvals required
for the acquisition;
6. indicative time period for 30-90 Days
completion of the acquisition
7. consideration whether cash Consideration shall be paid in cash in
consideration or share swap or any accordance with the Valuation Report
other form and details of the same received from the Registered Valuer
8. cost of acquisition and/or the price Cost of Acquisition shall be Rs. 26.08
at which the shares are acquired Lakhs (i.e. Rs. 18,629 per Share) as per
Valuation Report received from
Registered Valuer
9. percentage of shareholding / EMS Limited will acquire 14% Stake
control acquired and / or number (140 Shares) in Mirzapur Ghazipur STPs
of shares acquired; Private Limited.
Pursuant to acquisition, EMS Limited
will hold 74% of paid-up share capital in
Target company.
10. Brief background about the entity Mirzapur Ghazipur STPs Private Limited
acquired in terms of products/line was incorporated on March 15, 2021,
of business acquired, date of under the provisions of Companies Act,
incorporation, history of last 3 2013, having its registered office at 701,
years turnover, country in which DLF Tower-A, Jasola, New Delhi-
the acquired entity has presence 110025 and is engaged in the business
and any other significant of Development and Installation of
information (in brief); Sewage Treatment Plants (STPs).
Turnover, PAT and Net worth of the
company for the last 3 years are as
follows:
(Rs. In Lakhs)
FY Turnover Profit Net
After Worth
(PAT)
2023- 7,876.35 0.92 109.78
2024- 2,303.76 1.75 111.52
2025- 2,086.02 109.80 221.32
Company has its presence in India.