EMS Limited has announced the release of pledged shares held by its promoter, Mr. Ramveer Singh, following the repayment of a ₹20 crore loan from CSL Finance Limited. This move comes as part of compliance with the SEBI regulations on substantial acquisition of shares and takeovers.
The release of encumbered shares took place on 11 March 2026, reducing the number of encumbered shares from 1,41,65,690, representing 25.51% of the total share capital, to 1,34,89,100 shares, or 24.29% of the total share capital. The loan repayment has resulted in a significant reduction of the promoter’s encumbered shares, with the current holding standing at 6,76,590 shares, which is 1.22% of the total share capital.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by News Desk before publication.
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