EMS Limited has announced the release of 10,80,000 pledged shares held by its promoter, Mr. Ramveer Singh. This move comes as a result of the full repayment of a ₹10 crore loan from Cholamandalam Investment and Finance Company Limited.
The disclosure, made in compliance with Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, was reported to the National Stock Exchange of India Limited and BSE Limited on 17 March 2026. The release of the pledged shares was executed on the same date.
Prior to this release, Mr. Ramveer Singh held a total of 3,76,75,882 shares in EMS Limited, representing 67.85% of the company’s total share capital. Of these, 1,34,89,100 shares, or 24.29% of the total share capital, were already encumbered.
Following the release, Mr. Singh’s encumbered shares have decreased by 10,80,000 shares, reducing the percentage of encumbered shares to 22.35% of the total share capital, with 1,24,09,100 shares remaining encumbered.
The loan from Cholamandalam Investment and Finance Company Limited, which led to the encumbrance of shares, has now been fully repaid, resulting in the release of the pledged shares.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
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