EMS Limited has announced the release of 25 lakh pledged shares, following the repayment of a ₹50 crore loan. The shares, previously pledged by promoter Mr. Ramveer Singh, were released on 30 March 2026, as per the company’s disclosure to the National Stock Exchange of India (NSE).
The loan, which was taken from Satyen Jitendra Mamtora and Jitendra Ujamsi Mamtora, has been fully repaid, resulting in the release of the pledged shares. Prior to this release, Mr. Singh held a total of 3,76,75,882 shares in the company, representing 67.85% of the total share capital, with 1,09,94,100 shares already encumbered, accounting for 19.80% of the total share capital.
Post the release, Mr. Singh’s encumbered shares have reduced to 84,94,100, which now represent 15.29% of the total share capital. The release of the pledged shares signifies a significant reduction in the encumbrance level of the promoter’s holdings.
EMS Limited is listed on both BSE Limited and the National Stock Exchange of India Limited, and the disclosure was made in compliance with Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).