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Dated: 08/09/2025

To, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001

Reg: EMA India Limited; Scrip Code: 522027

Subject: 54[th] Annual Report of the Company for the Financial Year 2024-2025.

Dear Sir/Madam,

Pursuant to Regula�on 34(1) of the Securi�es and Exchange Board of India (Lis�ng Obliga�ons and Disclosure Requirements) Regula�ons, 2015, please find enclosed herewith Annual Report of the Company for the financial year 2024-2025 along with the No�ce convening the 54[th] Annual General Mee�ng (AGM) of the Company scheduled to be held on Tuesday, the 30[th] day of September, 2025 at 2:30 P.M. through Video Conferencing (VC)/ Other Audio Visual Means (OAVM).

Exchange Board of India, the No�ce convening the 54[th] AGM and the Annual Report of the Company for the financial year 2024-2025 is being sent through electronic mode to all the Members of the Company whose email addresses are registered with the Company/Company’s Registrar and Transfer Agent i.e. Alankit Assignments Ltd.

The Annual Report for the financial year 2024-2025 including the No�ce convening the 54[th] AGM is also available on the website of the Company at h�ps://eiltd.info.

Kindly take the same on your record and acknowledge.

We request you to take the above on record.

Thanking You

Yours faithfully, For EMA India Limited

SHRUTI Digitally signed by SHRUTI SHARMA SHARMA Date: 2025.09.08 18:49:04 +05'30'

Shru� Sharma Company Secretary & Compliance Officer

Enclosed: As above

Regd. Office EMA INDIA LTD. Tel. : +91-9453153780 & 502, Gopala Chambers, E-mail : [email protected] Postal Address 14/123, Parade, Kanpur-208 001 Uttar Pradesh INDIA

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EMA INDIA LIMITED ANNUAL REPORT 2024-25

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EMA INDIA LIMITED

502, Gopala Chambers, 14/123 Parade, Kanpur, Uttar Pradesh- 208001 Ph: 0512-2691210-11 E-mail: [email protected]; Website: www.eiltd.info CIN No.: L27201UP1971PLC003408

BOARD OF DIRECTORS

RANJANA BHARGAVA, Whole Time Director & CFO HIMANSHU KAPOOR, Independent Director RAKSHITA BHARGAVA, Non Executive Director HONEY BHATIA, Independent Director

COMPANY SECRETARY & COMPLIANCE OFFICER SHRUTI SHARMA (appointed on 9th August, 2025) NAMITA SABHARWAL (resigned on 25th May, 2025)

STATUTORY AUDITOR

B C JAIN & CO. CHARTERED ACCOUNTANTS KANPUR

SECRETARIAL AUDITOR

AWASHESH DIXIT FCS, LL.B., M.COM OFFICE: 811, 8[TH] FLOOR, KAN CHAMBERS 14/113, CIVIL LINES, KANPUR-208001(U.P.)

BANKERS

BANK OF BARODA UPTRON ESTATE PANKI INDUSTRIAL AREA PANKI SITE I, KANPUR

HDFC BANK, CIVIL LINES, KANPUR

REGISTERED OFFICE & WORKS 502, GOPALA CHAMBERS, 14/123 PARADE, KANPUR - 208001 PHONE: 0512-2691210-11 E-mail: [email protected] Website: www.eiltd.info

REGISTRAR & SHARE TRANSFER AGENT

ALANKIT ASSIGNMENTS LTD. ALANKIT HOUSE 4E/2, JHANDEWALAN EXTENSION NEW DELHI – 110055 E-mail: [email protected]

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Contents Page
No.
AGM Notice 2
Director’s Report 12
Secretarial Audit Report 19
Independent Auditors’ Report 22
Balance Sheet 29
Statement of Profit & Loss 30
Cash Flow Statement 31
Statement of Changes in Equity 32
Notes to Financial Statements 33
Green Initiative 44
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EMA INDIA LIMITED

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EMA INDIA LIMITED

502, Gopala Chambers, 14/123 Parade, Kanpur, Uttar Pradesh- 208001 Ph: 0512-2691210-11

E-mail: [email protected]; Website: www.eiltd.info CIN No.: L27201UP1971PLC003408

NOTICE

NOTICE is hereby given that 54th Annual General Meeting (“AGM”) of Shareholders of EMA INDIA LIMITED will be held on Tuesday 30[th] September, 2025 at 02:30 P.M in compliance with applicable circulars issued by the Ministry of India and Securities and Exchange Board of India through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”) to transact the following businesses: -

ORDINARY BUSINESS :

1. To consider and if thought fit, to pass, with or without modification(s), the following Item as an Ordinary Resolution :

To receive, consider and adopt the Audited Financial Statements of the Company for the year ended March 31[st] , 2025 and the Reports of Board of Directors and the Auditors thereon.

“RESOLVED THAT the audited annual financial statement of the Company comprising of Balance Sheet, Statement of Profit and Loss Account along with Cash Flow Statement as at 31st March,2025 and explanatory notes annexed to, or forming part of any document referred above together with the Auditors Report thereon and Board's report for the financial year ended on 31st March 2025 and annexures thereof, as circulated to the shareholders and laid before the meeting, be received, considered and adopted. ”

2. To consider and if thought fit, to pass, with or without modification(s), the following Item as an Ordinary Resolution:

To appoint a director in place of Ms. Rakshita Bhargava (DIN 00234224) who retires by rotation and being eligible offers herself for re-appointment.

“RESOLVED THAT pursuant to the provisions of Section 152 and other applicable provisions of the Companies Act, 2013 read with rules made thereunder, Ms. Rakshita Bhargava (DIN: 00234224), who retires by rotation and being eligible, offers herself for re-appointment, be and is hereby re-appointed as a Director of the Company, who shall be liable to retire by rotation.”

SPECIAL BUSINESS:

3. To consider and if thought fit, to pass, with or without modification(s) the following resolution as Special Resolution:

To Appoint Mr. Awashesh Dixit, Practising Company Secretary as Secretarial Auditor of the Company.

“RESOLVED THAT pursuant to the provisions of Section 204 and other applicable provisions of the Companies Act, 2013 (“the Act”) read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (including any statutory modification or re-enactments thereof) and Regulation 24A and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Listing Regulations”) read with Circulars & Guidelines issued thereunder, from time to time [including any statutory modification(s) or amendment(s) thereto or re-enactment(s) thereof, for the time being in force] and in accordance with the recommendation of the Audit Committee and the Board of Directors of the Company, Mr. Awashesh Dixit, Practising Company Secretary, be and is hereby appointed as the Secretarial Auditor of the Company at this 54th Annual General Meeting Membership No. FCS No. 10860 and C.P. No. 15398, to conduct the Secretarial Audit for five consecutive financial years commencing from April 01, 2025, until March 31, 2030 (“the Term”) and to furnish the Secretarial Audit Report for the Term as required under the Act and the Listing Regulations.

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EMA INDIA LIMITED

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RESOLVED FURTHER THAT the Board of Directors of the Company (referred to as the Board which expression shall include any committee thereof or person(s) authorized by the Board), be and are hereby authorized to fix the annual remuneration plus applicable taxes and out-of-pocket expenses payable to them during their tenure as the Secretarial Auditors of the Company.

RESOLVED FURTHER THAT approval of the members, be and is hereby accorded to the Board to avail or obtain from the Secretarial Auditor, such other services or certificates, reports, or opinions which the Secretarial Auditor may be eligible to provide or issue under the applicable laws at a remuneration to be determined by the Board.

RESOLVED FURTHER THAT the Board, be and is hereby authorized to take such steps and do all such acts, deeds, matters, and things as may be considered necessary, proper, and expedient to give effect to this Resolution.”

By Order of the Board Place: Kanpur Dated: 05.09.2025 Sd/- RANJANA BHARGAVA Whole Time Director DIN No. 00234421 R/o: 28-Chandra Vihar, Lakhanpur Kanpur-208002

NOTES:

a) The Explanatory Statement, pursuant to Section 102 of the Act and in respect of business under Item Nos. 2 & 3 set out above and relevant details of Directors seeking appointment/ re-appointment at this Annual General Meeting as required under Regulations 36(3) and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), and Secretarial Standard – 2 on General Meetings (“SS2”) issued by the Institute of Company Secretaries of India (“ICSI”), is also annexed herewith as Annexure-A.
b) Pursuant to the General Circular No. 09/2024 dated September 19, 2024, issued by Ministry of Corporate Affairs (MCA) and Circular No SEBI/HO/CFD/ CFDPoD-2/ P/ CIR/ 2024/ 133 dated October 03, 2024 (“SEBI Circular”) and other applicable circulars and notifications issued (including any statutory modifications or re-enactment thereof for the time being in force as amended from time to time, companies are allowed to hold EGM/ AGM shall be conducted through VC / OAVM.
c) Accordingly, in compliance with the aforementioned MCA Circulars and SEBI Circulars, the 54th Annual General Meeting (“AGM”) of the Company will be held on Tuesday, September 30, 2025 at 02:30 p.m. (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM) facility to transact the businesses as set out in the Notice of AGM and therefore no physical presence of members is required. The deemed venue of AGM shall be deemed to be Registered Office of the Company at 502, Gopala Chambers, 14/123 Parade, Kanpur, Uttar Pradesh- 208001.
d) Since, the AGM will be held through VC/ OAVM, the route map is not annexed to this Notice.
e) The attendance of the Members attending the AGM through VC/OAVM will be counted for the purpose of ascertaining the quorum under Section 103 of the Companies Act, 2013.

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EMA INDIA LIMITED

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f) The Members can join the AGM in the VC/OAVM mode 30 minutes before and after the scheduled time of the commencement of the Meeting by following the procedure mentioned in the Notice. The facility of participation at the AGM through VC/OAVM will be made available to at least 1000 members on first come first served basis. This will not include large Shareholders (Shareholders holding 2% or more shareholding), Promoters, Institutional Investors, Directors, Key Managerial Personnel, the Chairpersons of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee, Auditors etc. who are allowed to attend the AGM without restriction on account of first come first served basis.
g) The Register of Members and the Share Transfer books of the Company will remain closed from Tuesday, 23rd September, 2025 to Tuesday, 30th September, 2025 (both days inclusive) for annual closing.
h) Notice of the AGM along with the Annual Report 2024-25 is being sent only through electronic mode to those Members whose email addresses are registered with the Company/ Depositories/ RTA. The Notice of AGM and Annual Report 202425 are available on Company’s website viz. www.eiltd.info and may also be accessed from the websites of the Stock Exchanges i.e. BSE Limited www.bseindia.com . The AGM Notice is also available on the website of CDSL (agency for providing the Remote e-Voting facility and e-voting system during the AGM) at www.evotingindia.com.
i) Pursuant to the Circular No. 14/2020 dated April 08, 2020, issued by the Ministry of Corporate Affairs, the facility to appoint proxy to attend and cast vote for the members is not available for this AGM. However, the Body Corporates are entitled to appoint authorized representatives to attend the AGM through VC/OAVM and participate there at and cast their votes through e-voting.
j) Pursuant to the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended) and Regulation 44 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 (as amended), and MCA Circulars, the Company is providing facility of remote e-voting to its Members in respect of the business to be transacted at the AGM. For this purpose, the Company has entered into an agreement with Central Depository Services (India) Limited (CDSL) for facilitating voting through electronic means, as the authorized agency. The facility of casting votes by a member using remote e-voting as well as voting system on the day of the AGM will be provided by CDSL
k) The Securities and Exchange Board of India (SEBI) has mandated the submission of Permanent Account Number (PAN) by every participant in securities market. Members holding shares in electronic form are, therefore, requested to submit the PAN to their Depository Participants with whom they are maintaining their demat accounts. Members holding shares in physical form can submit their PAN details to Alankit Assignments Limited, Alankit Heights 4E/2, Jhandewalan Extension, New Delhi – 110055 or to the Company.
l) Members joining the meeting through VC, who have not cast their vote by means of remote e-voting, shall be able to exercise their right to vote through e- voting system at the AGM. The Members who have cast their vote by remote e-voting prior to the AGM may also join the AGM through VC but shall not be entitled to cast their vote again.
m) Electronic copy of the Annual Report for the Financial Year 2024-25 is being sent to all the members whose email IDs are registered with the Company/Depository Participants(s) for communication purposes unless any member has requested for a hard copy of the same.
n) Members may also note that the Notice of the 54th Annual General Meeting and the Annual Report for the Financial Year 2024-25 will also be available on the Company’s website www.eiltd.info for their download. The physical copies of the aforesaid documents will also be available at the Company’s Registered Office in Kanpur for inspection during normal business hours on working days. Even after registering for e-communication, members are entitled to receive such communication in physical form, upon making a request for the same, by post free of cost. For any communication, the shareholders may also send their requests at Company’s investor email id: [email protected].
o) To support “Green Initiative”, members who have not registered their e-mail addresses are requested to register the same with their Depositories in case the shares are held by them in electronic form and with the Company’s RTA in case the shares are held by them in physical form.

THE INSTRUCTIONS FOR MEMBERS FOR REMOTE E-VOTING AND JOINING GENERAL MEETING ARE AS UNDER: -

Step 1 : Access through Depositories CDSL/NSDL e-Voting system in case of individual shareholders holding shares in demat mode.

Step 2 : Access through CDSL e-Voting system in case of shareholders holding shares in physical mode and nonindividual shareholders in demat mode.

(i) The voting period begins on Saturday, September 27, 2025 (9:00 a.m. IST) and ends on Monday, September 29, 2025 (5:00 p.m. IST). During this period shareholders of the Company, holding shares either in physical form or in

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EMA INDIA LIMITED

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dematerialized form, as on the cut-off date i.e. Monday, September 22, 2025, may cast their vote electronically. The e- voting module shall be disabled by CDSL for voting thereafter.

(ii) Shareholders who have already voted prior to the meeting date would not be entitled to vote at the meeting venue.

(iii) Pursuant to SEBI Circular No. SEBI/HO/CFD/CMD/CIR/P/2020/242 dated 09.12.2020, under Regulation 44 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, listed entities are required to provide remote e-voting facility to its shareholders, in respect of all shareholders’ resolutions. However, it has been observed that the participation by the public non-institutional shareholders/retail shareholders is at a negligible level.

In order to increase the efficiency of the voting process, pursuant to a public consultation, it has been decided to enable e- voting to all the demat account holders, by way of a single login credential, through their demat accounts/ websites of Depositories/ Depository Participants . Demat account holders would be able to cast their vote without having to register again with the ESPs, thereby, not only facilitating seamless authentication but also enhancing ease and convenience of participating in e-voting process.

(iv) Facility for e-voting shall also be made available at the AGM for those members who attended the AGM and who have not already cast their vote by remote e-voting shall be able to exercise their right at the AGM. Members who have cast their vote by remote e-voting may also attend the AGM, but shall not be allowed to cast their vote again.

(v) Mr. Awashesh Dixit, Practising Company Secretary has been appointed as the Scrutinizer, for conducting the e-voting as well as voting at the AGM in a fair and transparent manner. The results on resolutions shall be declared not later than 48 hours from the conclusion of the AGM and the resolutions will be deemed to be passed on the AGM date subject to receipt of the requisite number of votes in favor of the resolutions.

(vi) The results declared along with the Scrutinizer’s Report will be available on the corporate website of the Company, www.eiltd.info and communicated to BSE Limited.

Step 1 : Access through Depositories CDSL/NSDL e-voting system in case of Individual shareholders holding shares in demat mode.

(vii) In terms of SEBI circular no. SEBI/HO/CFD/CMD/CIR/P/2020/242 dated December 9, 2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants. Shareholders are advised to update their mobile number and email Id in their demat accounts in order to access e-Voting facility.

Pursuant to abovesaid SEBI Circular, Login method for e-Voting and joining virtual meetings for Individual shareholders holding securities in Demat mode CDSL/NSDL is given below:

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Type of Login Method
shareholders
1. Users who have opted for CDSL Easi / Easiest facility, can login through their existing user
Individual id and password. Option will be made available to reach e-Voting page without any further
Shareholders authentication. The users to login to Easi / Easiest are requested to visit cdsl website
holding securities
www.cdslindia.com and click on login icon & New System Myeasi Tab.
in Demat mode
with CDSL
2. After successful login the Easi / Easiest user will be able to see the e-Voting option for eligible
Depository
companies where the evoting is in progress as per the information provided by company. On
clicking the evoting option, the user will be able to see e-Voting page of the e-Voting service
provider for casting your vote during the remote e-Voting period or joining virtual meeting &
voting during the meeting. Additionally, there is also links provided to access the system of
all e-Voting Service Providers, so that the user can visit the e-Voting service providers’
website directly.
3. If the user is not registered for Easi/Easiest, option to register is available at cdsl website
www.cdslindia.com and click on login & New System Myeasi Tab and then click on
registration option.
4. Alternatively, the user can directly access e-Voting page by providing Demat Account
Number and PAN No. from a e-Voting link available on www.cdslindia.com home page. The
system will authenticate the user by sending OTP on registered Mobile & Email as recorded
in the Demat Account. After successful authentication, user will be able to see the e-Voting
option where the evoting is in progress and also able to directly access the system of all e-
Voting Service Providers.
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Individual 1) If you are already registered for NSDL IDeAS facility, please visit the e-Services website of
Shareholders NSDL. Open web browser by typing the following URL: https://eservices.nsdl.com either on
holding securities
a Personal Computer or on a mobile. Once the home page of e-Services is launched, click on
in demat mode
with NSDL the “Beneficial Owner” icon under “Login” which is available under ‘IDeAS’ section. A new
Depository screen will open. You will have to enter your User ID and Password. After successful
authentication, you will be able to see e-Voting services. Click on “Access to e-Voting” under
e-Voting services and you will be able to see e-Voting page. Click on company name or e-
Voting service provider name and you will be re-directed to e-Voting service provider website
for casting your vote during the remote e-Voting period or joining virtual meeting & voting
during the meeting.
2) If the user is not registered for IDeAS e-Services, option to register is available at
https://eservices.nsdl.com. Select “Register Online for IDeAS “Portal or click at
https://eservices.nsdl.com/SecureWeb/IdeasDirectReg.jsp
3) Visit the e-Voting website of NSDL. Open web browser by typing the following URL:
https://www.evoting.nsdl.com/ either on a Personal Computer or on a mobile. Once the home
page of e-Voting system is launched, click on the icon “Login” which is available under
‘Shareholder/Member’ section. A new screen will open. You will have to enter your User ID
(i.e. your sixteen digit demat account number hold with NSDL), Password/OTP and a
Verification Code as shown on the screen. After successful authentication, you will be
redirected to NSDL Depository site wherein you can see e-Voting page. Click on company
name or e-Voting service provider name and you will be redirected to e-Voting service
provider website for casting your vote during the remote e-Voting period or joining virtual
meeting & voting during the meeting
Individual You can also login using the login credentials of your demat account through your Depository
Shareholders Participant registered with NSDL/CDSL for e-Voting facility. After Successful login, you will
(holding be able to see e-Voting option. Once you click on e-Voting option, you will be redirected to
securities in NSDL/CDSL Depository site after successful authentication, wherein you can see e-Voting
demat mode) feature. Click on company name or e-Voting service provider name and you will be redirected
login through to e-Voting service provider website for casting your vote during the remote e-Voting period
their Depository or joining virtual meeting & voting during the meeting.
Participants
(DP)
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Important note: Members who are unable to retrieve User ID/ Password are advised to use Forget User ID and Forget Password option available at abovementioned website.

Helpdesk for Individual Shareholders holding securities in demat mode for any technical issues related to login through Depository i.e. CDSL and NSDL .

Login type		Helpdesk details
Individual Shareholders holding securities in Demat mode withCDSL		Members facing any technical issue in login can contact CDSL helpdesk by sending a request at [email protected] contact at toll free no. 1800 21 09911
Individual Shareholders holding securities in Demat mode withNSDL		Members facing any technical issue in login can contact NSDL helpdesk by sending a request at [email protected] or call at : 022-4886 7000 and 022-2499 7000

Step 2 : Access through CDSL e-Voting system in case of shareholders holding shares in physical mode and non-individual shareholders in demat mode.

(i) Login method for e-Voting and joining virtual meetings for Physical shareholders and shareholders other than individual holding in Demat form.

1) The shareholders should log on to the e-voting website www.evotingindia.com.
2) Click on “Shareholders” module.

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EMA INDIA LIMITED

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3) Now enter your User ID a. For CDSL: 16 digits beneficiary ID, b. For NSDL: 8 Character DP ID followed by 8 Digits Client ID, c. Shareholders holding shares in Physical Form should enter Folio Number registered with the Company.
4) Next enter the Image Verification as displayed and Click on Login.
5) If you are holding shares in demat form and had logged on to www.evotingindia.com and voted on an earlier e-voting of any company, then your existing password is to be used.

If you are a first-time user follow the steps given below

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For Physical shareholders and other than individual shareholders holding shares in Demat.
PAN Enter your 10 digit alpha-numeric PAN issued by Income Tax Department (Applicable for both
demat shareholders as well as physical shareholders)
 Shareholders who have not updated their PAN with the Company/Depository Participant
are requested to use the sequence number sent by Company/RTA or contact
Company/RTA.
Dividend Bank Enter the Dividend Bank Details or Date of Birth (in dd/mm/yyyy format) as recorded in your demat
Details account or in the company records in order to login.
OR Date of  If both the details are not recorded with the depository or company, please enter the
Birth (DOB) member id / folio number in the Dividend Bank details field.
(ii) After entering these details appropriately, click on “SUBMIT” tab.
(iii) Shareholders holding shares in physical form will then directly reach the Company selection screen. However,
shareholders holding shares in demat form will now reach ‘Password Creation’ menu wherein they are required to
mandatorily enter their login password in the new password field. Kindly note that this password is to be also used by the
demat holders for voting for resolutions of any other company on which they are eligible to vote, provided that company
opts for e-voting through CDSL platform. It is strongly recommended not to share your password with any other person
and take utmost care to keep your password confidential.
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(iv) For shareholders holding shares in physical form, the details can be used only for e-voting on the resolutions contained in this Notice.
(v) Click on the EVSN for the relevant Company “EMA India Limited” on which you choose to vote.
(vi) On the voting page, you will see “RESOLUTION DESCRIPTION” and against the same the option “YES/NO” for voting. Select the option YES or NO as desired. The option YES implies that you assent to the Resolution and option NO implies that you dissent to the Resolution.
(vii) Click on the “RESOLUTIONS FILE LINK” if you wish to view the entire Resolution details.
(viii) After selecting the resolution, you have decided to vote on, click on “SUBMIT”. A confirmation box will be displayed. If you wish to confirm your vote, click on “OK”, else to change your vote, click on “CANCEL” and accordingly modify your vote.
(ix) Once you “CONFIRM” your vote on the resolution, you will not be allowed to modify your vote. (x) You can also take a print of the votes cast by clicking on “Click here to print” option on the Voting page.
(xi) If a demat account holder has forgotten the login password then Enter the User ID and the image verification code and click on Forgot Password & enter the details as prompted by the system.
(xii) There is also an optional provision to upload BR/POA if any uploaded, which will be made available to scrutinizer for verification.

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EMA INDIA LIMITED

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(xiii) Additional Facility for Non – Individual Shareholders and Custodians –For Remote Voting only.
Non-Individual shareholders (i.e. other than Individuals, HUF, NRI etc.) and Custodians are required to log on to www.evotingindia.com and register themselves in the “Corporates” module.
A scanned copy of the Registration Form bearing the stamp and sign of the entity should be emailed to [email protected].
After receiving the login details a Compliance User should be created using the admin login and password. The Compliance User would be able to link the account(s) for which they wish to vote on.
The list of accounts linked in the login will be mapped automatically & can be delink in case of any wrong mapping.  It is Mandatory that, a scanned copy of the Board Resolution and Power of Attorney (POA) which they have issued in favour of the Custodian, if any, should be uploaded in PDF format in the system for the scrutinizer to verify the same.
Alternatively Non Individual shareholders are required mandatory to send the relevant Board Resolution/ Authority letter etc. together with attested specimen signature of the duly authorized signatory who are authorized to vote, to the Scrutinizer and to the Company at the email address viz; [email protected] , if they have voted from individual tab & not uploaded same in the CDSL e-voting system for the scrutinizer to verify the same.

INSTRUCTIONS FOR SHAREHOLDERS ATTENDING THE AGM THROUGH VC/OAVM & E-VOTING DURING MEETING ARE AS UNDER:

The procedure for attending meeting & e-Voting on the day of the AGM is same as the instructions mentioned above for e-voting.
The link for VC/OAVM to attend meeting will be available where the EVSN of Company will be displayed after successful login as per the instructions mentioned above for e-voting.
Shareholders who have voted through Remote e-Voting will be eligible to attend the meeting. However, they will not be eligible to vote at the AGM.
Shareholders are encouraged to join the Meeting through Laptops / IPads for better experience.
Further shareholders will be required to allow Camera and use Internet with a good speed to avoid any disturbance during the meeting.
Please note that Participants Connecting from Mobile Devices or Tablets or through Laptop connecting via Mobile Hotspot may experience Audio/Video loss due to Fluctuation in their respective network. It is therefore recommended to use Stable Wi-Fi or LAN Connection to mitigate any kind of aforesaid glitches.
Shareholders who would like to express their views/ask questions during the meeting may register themselves as a speaker by sending their request in advance atleast 7 days prior to meeting mentioning their name, demat account number/folio number, email id, mobile number at [email protected]. The shareholders who do not wish to speak during the AGM but have queries may send their queries in advance 7 days prior to meeting mentioning their name, demat account number/folio number, email id, mobile number at [email protected]. These queries will be replied to by the company suitably by email.
Those shareholders who have registered themselves as a speaker will only be allowed to express their views/ask questions during the meeting.
Only those shareholders, who are present in the AGM through VC/OAVM facility and have not casted their vote on the Resolutions through remote e-Voting and are otherwise not barred from doing so, shall be eligible to vote through e-Voting system available during the AGM.
If any Votes are cast by the shareholders through the e-voting available during the AGM and if the same shareholders have not participated in the meeting through VC/OAVM facility, then the votes cast by such shareholders may be considered invalid as the facility of e-voting during the meeting is available only to the shareholders attending the meeting.

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EMA INDIA LIMITED

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Process for those shareholders whose email/mobile No. are not registered with the Company/Depositories

For physical shareholders- please provide necessary details like Folio No., Name of shareholder, scanned copy of the share certificate (front and back), PAN (self -attested scanned copy of PAN card), AADHAR (self -attested scanned copy of Aadhar Card) by email to [email protected]/ [email protected].
For Demat Shareholders- Please update your email id & mobile no. with your respective Depository Participant (DP)
For Individual Demat shareholder’s- Please update your email id & mobile no. with your respective Depository Participant (DP) which is mandatory while e-Voting & joining virtual meetings through Depository
If you have any queries or issues regarding attending AGM & e-Voting from the CDSL e-Voting System, you can write an email to [email protected] or contact at toll free no. 1800 21 09911

All grievances connected with the facility for voting by electronic means may be addressed to Mr. Rakesh Dalvi, Sr. Manager, (CDSL) Central Depository Services (India) Limited, A Wing, 25th Floor, Marathon Futurex, Mafatlal Mill Compounds, N M Joshi Marg, Lower Parel (East), Mumbai - 400013 or send an email to [email protected] or call toll free no. 1800 21 09911.

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EMA INDIA LIMITED

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EXPLANATORY STATEMENT

(Pursuant to Section 102 of the Companies Act, 2013)

The following Explanatory Statement sets out all material facts relating to the businesses mentioned under Item Nos. 3; 4 & 5 of the accompanying Notice:

ITEM NO. 3:-

Appointment of Mr. Awashesh Dixit, a Practising Company Secretary as Secretarial Auditor of the Company in accordance with the provisions of Section 204 and other applicable provisions of the Companies Act, 2013, read with Rule 9 of the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014 (including any statutory modification(s) or amendment(s) thereto, or re-enactment(s) thereof, for the time being in force) (“the Act”), every listed Company and certain other prescribed categories of Companies are required to annex a Secretarial Audit Report, issued by a Practicing Company Secretary, to their Board’s report, prepared under Section 134(3) of the Act.

Furthermore, pursuant to recent amendments to Regulation 24A of the Listing Regulations, every listed entity is required to conduct a secretarial audit and annex the secretarial audit report to its annual report. Additionally, a listed entity must appoint a secretarial auditor who is individual for maximum of one term of five consecutive years, with shareholder approval to be obtained at the annual general meeting.

Accordingly, based on the recommendation of the Audit Committee, the Board of Directors at its meeting held on 05th September, 2025, has approved the appointment of Mr. Awashesh Dixit, a Practising Company Secretary [bearing ICSI Membership No.: FCS No. 10860 and C.P. No. 15398], as the Secretarial Auditor of the Company, to conduct the Secretarial Audit for five consecutive financial years commencing from April 01, 2025, until March 31, 2030 (‘the Term’) and to furnish the Secretarial Audit Report for the Term as required under the Act and the Listing Regulations, subject to shareholders’ approval at this Annual General Meeting.

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EMA INDIA LIMITED

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Annexure-A

Disclosure relating to Director pursuant to Regulations 36(3) and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Secretarial Standard – 2 on General Meetings

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Name Mrs. RAKSHITA BHARGAVA
DIN 00234224
Date of Birth 07th April, 1974
Age 51 years
Qualifications B.B.A in International Business and Marketing Schiller International University,
Heldelberg, Germany
Experience 29 years
Remuneration last drawn Sitting Fees as per provisions of Companies Act, 2013.
Nationality Indian
Expertise in specific functional area Management and Finance
Date of first appointment on the Board 22/11/2006
of the Company
Name(s) of the other Companies DIATECH TOOLS INDIA PRIVATE LIMITED
in which Directorship held
Membership/ Chairmanship Holds membership in following committees of EMA India Limited
/Chairperson of Committees in the
Company Chairperson Member
Stakeholder Relationship Nomination and Remuneration
Committee Committee
Audit Committee
Membership/ Chairmanship of NIL
Committees in other Listed Companies
No. of Equity Shares held in the 71343
Company
No. of Board meetings attended during 4
the year
Relationship with other directors, Daughter of Mrs. Ranjana Bhargava (Whole Time Director and CFO of the Company)
Manager, key managerial personnel of
the Company
Terms and conditions of appointment Non Executive Director Liable to retire by rotation
(if any)
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EMA INDIA LIMITED

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DIRECTOR’S REPORT

To, The Members,

Your directors have pleasure to present the 54th Director’s Report of the Company together with the Audited Accounts for the financial year ended on 31[st] March, 2025.

Financial Results:

The summarized financial results of the Company for the financial year ended 31[st] March, 2025 as compared to the previous year were as under:

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(Amount in Rs. (in lakhs))
Particulars As on 31st March, As on 31 [st] March
2025 2024
Revenue from Operations 0.00 0.00
Other Income 0.06 0.06
Total Income 0.06 0.06
Total Expenditure (Excluding Interest, Depreciation and Tax) 43.45 43.45
Profit / (Loss) before Interest, Depreciation and Tax (69.76) (43.39)
Less: Finance Costs 0.00 0.00
Less: Depreciation and Amortization Expenses 5.78 5.94
Profit / (Loss) before Exceptional / Prior Period Items and Tax (63.98) (49.33)
Less: Exceptional Items (2.21) 2.21
Profit / (Loss) before Tax (61.77) (51.54)
Less: Tax Expenses 0.00 0.00
Profit / (Loss) for the year (61.77) (51.54)
Other Comprehensive Income:
Add: Items that will not be reclassified to profit or loss 0.00 0.00
Other Comprehensive Income for the year 0.00 0.00
Total Comprehensive income for the year (61.77) (51.54)
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State of Company’s Affairs:

The Company has shut down its manufacturing activities which results into uneconomical operations and disposing off the discarded and unviable machines, equipment’s and other assets of the Company.

During the year under review, your Company’s other Income was Rs. 0.04 (in Lakhs).

Subsidiaries, Joint Ventures or Associate Companies:

The Company has no subsidiary, joint venture or an associate company. Accordingly, information in prescribed Form AOC-1 is not required .

Material Changes and Commitments:

There have been no material changes and commitments, affecting the financial position of the Company which have occurred between the end of the financial year of the Company to which the Financial Statements relate and the date of this Report.

Change in the Nature of Business:

During the year under review, there were no changes in the nature of business of the Company.

Dividend:

Your directors do not recommend dividend on the equity shares of the Company for the Financial Year 2024-25, due to losses incurred by the Company.

Reserves & Surplus:

The loss of Rs . 61.77 lakhs incurred during the year has been adjusted under the head Reserves & Surplus of the Balance Sheet.

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EMA INDIA LIMITED

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Directors & Key Managerial Personnel:

i) Retirement by Rotation:

Ms. Rakshita Bhargava (DIN: 00234224), Non Executive Director of the Company, retires by rotation at the ensuing Annual General Meeting of the Company and being eligible, has offered herself for re-appointment and the Board recommends her re-appointment.

ii) Changes in Directors:

Mrs. Honey Bhatia (DIN: 10734987), was appointed as a Non- Executive and Independent Director of the Company, by the Members in the Annual General Meeting held on 26[th] September, 2024.

There were no more changes other than stated above.

Changes in Share Capital, if any

During the year under review, there is no change in the share capital of the Company.

Statutory Auditors & Audit Report:

During the year under review, In the Annual General Meeting held on 26[st] September, 2024, M/s. B.C Jain & Company, Chartered Accountants (FRN: 001099C) were appointed for the period of 5 years till the conclusion of 57[th] Annual General Meeting of the Company.

The report of Statutory Auditor does not require any comments from directors as there is no qualification, reservation, adverse remark or disclaimer.

Frauds reported by Auditors:

As per Section 143 of the Act the report of Auditors states that the Company has not committed any frauds during the year.

Details of Loans given, Guarantees given or Investment made covered u/s 186 of the Companies Act, 2013:

During the year under review, there were no loans given, guarantees given or investments made by the Company under Section 186 of the Act.

Borrowings:

During the year under review, due to continued recession in the industry, it was becoming difficult for the Company to bear its dayto- day expenses, hence in order to meet these expenses your Company has taken loan from its Director, Ms. Rakshita Bhargava.

Declaration as required under the Companies Act, 2013 has been received by the aforementioned Director.

Related Party Transactions:

During the year under review, the Company has not entered into any transactions with related party as per Section 188 of the Companies Act, 2013. Therefore, information in prescribed form AOC-2 is not required.

Deposits:

1. Accepted during the year: NIL

2. Remained unpaid or unclaimed as at the end of the year: NIL

3. If there has been any default in repayment of deposits or payment of interest thereon during the year and if so, number of such cases and the total amount involved:

a. At the beginning of the year: NIL
b. Maximum during the year: NIL
c. At the end of the year: NIL

Deposits not in compliance with Chapter V of the Act:

The Company has not accepted any deposits covered under the provisions of Section 73 of the Act and the Rules made there under.

Maternity Benefit:

The Company affirms that it has duly compiled with all provisions of the maternity Benefit Act, 1961, and has extended all statutory benefits to eligible women employees during the year.

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EMA INDIA LIMITED

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Managerial Remuneration:

In terms of the provisions of Section 197(12) of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, a statement containing the disclosures pertaining to remuneration and other details is given below:

The ratio of the remuneration of each director to the median remuneration of the employees of the Company for the financial year

Name of the director	Designation	DIN	Ratio
Ms.RanjanaBhargava	WholeTimeDirectorand CFO	00234421	8.33:1

Percentage increase in remuneration of each director, CFO and CS in the financial year:

Name of the director/CEO	Designation	DIN/PAN	Percentage increase
Ms.RanjanaBhargava	WholeTimeDirectorand CFO	00234421	NIL
Ms. Namita Sabharwal	Company Secretary	FVUPS5879D	NIL

Percentage increase in the median remuneration of employees in the financial year: NA
Number of permanent employees on the rolls of Company: 3
The Company is giving statutory increase in average remuneration of workers since the Company is incurring losses.
We confirm that the remuneration is as per the remuneration policy of the Company.
The Company has no employee including the directors of the Company who are in receipt of remuneration in excess of Rs.8.5 lakh per month or Rs. 102 lakh per annum.

The statement containing names of top ten employees in terms of the remuneration drawn and the particulars of employees as required pursuant to Section 197 (12) of the Act read with Rules 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 in respect of the employees of the Company are available for inspection by members. Any member who is interested in obtaining a copy thereof, may write to the Company Secretary at the Registered Office of the Company and the same will be furnished on such request.

Directors Responsibility Statement:

In accordance with the provisions of Section 134(5) of the Act your directors state that:

(a) in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

(b) the directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of the company for that period;

(c) the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

(d) the directors had prepared the annual accounts on a non-going concern basis;

(e) the directors, in the case of a listed company, had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively.

(f) the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

Compliance of Secretarial Standards:

During the financial year under review, the Company has complied with the applicable SS-1 (Secretarial Standard on Meetings of the Board of Directors) and SS-2 (Secretarial Standard on General Meetings) issued by the Institute of Company Secretaries of India and approved by the Central Government.

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EMA INDIA LIMITED

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Declaration by Independent Directors:

The Company has received declaration from all the independent directors of the Company, in accordance with the provisions of Section 149 of the Act and as required under Regulation 16 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) (“LODR”) Regulations, 2015, names as follows:

Mr. Himanshu Kapoor
Mrs. Honey Bhatia

Audit Committee:

As per the Section 177 of the Act, the audit committee consists of the following non-executive directors. The composition of Audit Committee is as under:

Name of the Director	Position held in the Committee	Category of the Director
Mr. Himanshu Kapoor	Chairman	Non-Executive Independent Director
Ms. Rakshita Bhargava	Member	Non-Executive Non Independent Director
Mrs. Honey Bhatia	Member	Non-Executive Independent Director

Nomination and Remuneration Committee:

As per the Section 178(1) of the Act, the Company’s Nomination and Remuneration Committee comprises of following three Nonexecutive Directors:

Name of the Director	Position held in the Committee	Category of the Director
Mr. Himanshu Kapoor	Chairman	Non-Executive Independent Director
Mrs. Honey Bhatia	Member	Non-Executive Independent Director
Ms. Rakshita Bhargava	Member	Non-Executive Non Independent Director

Role of Nomination and Remuneration Committee:

To identify persons who are qualified to become Directors and who may be appointed in senior management in accordance with the criteria laid down, recommend to the Board their appointment and removal and shall carry out evaluation of every Director’s performance.
To formulate the criteria for determining qualifications, positive attributes and independence of a Director and recommend to the Board a policy, relating to the remuneration for the Directors, Key Managerial Personnel and other employees.
The Committee shall ensure that the level and composition of remuneration is reasonable and sufficient to attract, retain and motivate Directors of the quality required to run the Company successfully and relationship of remuneration to performance is clear and meets appropriate performance benchmarks.
The Committee shall ensure that the remuneration to Directors, Key Managerial Personnel and senior management involves a balance between fixed and incentive pay reflecting short and long-term performance objectives appropriate to the working of the Company and its goals.
Discharge such other function(s) or exercise such power(s) as may be delegated to the Committee by the Board from time to time and make reports to the Board as appropriate.
Such other work and policy, related and incidental to the objectives of the committee as per provisions of the Act and rules made there under.

Remuneration Policy:

The remuneration paid to Executive Directors is recommended by the Nomination and Remuneration Committee and approved by the Board in Board Meeting, subject to the subsequent approval of the shareholders at the General Meeting and such other authorities, as may be required. The remuneration is decided after considering various factors such as qualification, experience, performance, responsibilities shouldered, industry standards as well as financial position of the Company.
The Non-Executive Directors are paid remuneration by way of Sitting Fees. The Non-Executive Directors are paid sitting fees for each meeting of the Board of Directors attended by them.

Stakeholder Relationship Committee:

The members of Stakeholder Relationship Committee are as follows:

Directors	Position held inthe Committee	Designation
Ms. Rakshita Bhargava	Chairperson	Non-Executive Non Independent Director
Mr. Himanshu Kapoor	Member	Non-Executive Independent Director
Mrs. Honey Bhatia	Member	Non-Executive Independent Director

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EMA INDIA LIMITED

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Annual Evaluation of Board of its own performance, of its Committees and Individual Directors:

The Company has established a framework for performance evaluation in line with applicable regulatory provisions and in compliance with the Act and the performance evaluation of the Board and its Committees were carried out during the year under review.

The evaluation was made in the overall context of the effectiveness of the Board and the respective Committees in providing guidance to the operating management of the Company, level of attendance in the Board/Committee meetings, constructive participation in the discussion on the agenda items, effective discharge of the functions and roles of the Board/ Committees. A detailed discussion followed on the basis of the aforesaid criteria and the Board collectively agreed that the Board and all its Committees fulfilled the above criteria and positively contributed in the decision making process at the Board/Committee level.

The Board has evaluated the performance of all the individual directors on the basis of evaluation criteria specified in the Nomination and Remuneration policy of the Company.

The Nomination and Remuneration Committee has reviewed the performance of all the individual directors (Independent Directors, Non-Independent Directors and the Chairperson of the Company) based on their knowledge, level of preparation and effective participation in meetings, understanding of their role as Directors, etc.

The Independent Directors of the Company have also reviewed the performance of the Non- Independent Directors and the Board as whole. Structured questionnaires were evolved and used by the reviewers to assess Board effectiveness and for evaluation of NonIndependent Directors, Independent Directors and the Committees. The Board would use the results of the evaluation process to improve its effectiveness in the best interest of the Company.

Corporate Social Responsibility:

The provisions of Corporate Social Responsibility under the Act are not applicable to the Company.

Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo:

A) Conservation of Energy:

Since the Company has not carried out any operations during the year under review, therefore there was no consumption of energy.

B) Technology Absorption:

No new technology has been imported during last 8 years. However, the technology for Transistorized Converters, other equipment’s and parts of Induction Heating Machines imported has been fully absorbed.

C) Foreign Exchange Earnings and Outgo:

The details of earnings and outgo in foreign exchange are as under:

Foreign exchange outflows: NIL (previous year NIL)
Foreign exchange inflows: NIL (previous year NIL)

Weblink of Annual Return:

A weblink of Annual Return for the financial year ended March 31, 2025 in Form MGT–7 as required under Section 92 (3) of the Act read with Rule 12 of the Companies (Management and Administration) Rules, 2014 is available on the website of the Company at the link www.eiltd.info

Details of Board Meeting Held during the Year:

No. of Board Meetings held during the year: 4

Date of Board Meeting	18.05.2024	08.08.2024	14.11.2024	31.01.2025
No. of Directors present	4	3	3	3

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EMA INDIA LIMITED

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Secretarial Audit Report:

Pursuant to the provisions of Section 204(1) of the Act read with rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board of Directors of the Company had appointed Mr. Awashesh Dixit, Company Secretary in Practice (CP. No. 15398), Kanpur as the Secretarial Auditor, for conducting the Secretarial Audit of the Company and had furnished his report to the Board.

The Secretarial Audit Report as per Form MR-3 forms part of this Report as ANNEXURE-A . There were no qualifications or observations or other remarks made by the Secretarial Auditor on the audit conducted by him in his Report for the year under review.

Internal Auditor:

During the year under review, M/s. Shishir Saxena and Co., Chartered Accountants, having office at 5[th] Floor, Gopala Chambers, 14/123, Parade, Kanpur (U.P.) – 208001, continued to act as the Internal Auditor of the Company.

Vigil Mechanism:

As per Section 177(9) and (10) of the Act, the Company has established Vigil Mechanism for directors and employees to report genuine concerns and made provisions for direct access to the Chairperson of the Audit Committee.

Adequacy of Internal Financial Controls:

The Company has, in all material respects, an adequate system of internal controls over financial reporting and such internal controls over financial reporting were operating effectively as at 31st March, 2025.

Management Discussion and Analysis:

The Company is facing losses from the last few years, due to continued recession in the industry.

Significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and Company’s operations in future:

There are no significant and material orders passed by the Regulators or Courts or Tribunals which may impact the going concern status and Company’s operations in future during the year under review.

Disclosure under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013:

The Company has in place an Anti -Sexual Harassment Policy in line with the requirements of the Sexual Harassment of Women at the Workplace (Prevention, Prohibition and Redressal) Act, 2013. All employees are covered under this policy and during the year no complaints have been received from them.

Risk Management Policy and Identification of Key Risks:

The Management of the Company has framed risk management policy and identified the key risks to the business and its existence. There are no risks identified that may threaten the existence of the Company.

Maintenance of Cost Records:

The Central Government has not specified maintenance of cost records, for any of the products of the Company, under Section 148(1) of the Act.

Other Disclosures:

a) During the year under review, the Company has not done any issue / buyback of securities, issue of Sweat Equity shares, Bonus Shares or any Employee Stock Option Plan.
b) Complaints received under the provisions of The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, received and disposed-off during the year under review: Nil
c) There is no change in the nature of the business of the Company.
d) Application made under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year along with their status as at the end of the financial year- None
e) The requirement to disclose the details of difference between amount of the valuation done at the time of one-time settlement and the valuation done while taking loan from the Banks or Financial Institutions along with the reasons thereof: Not Applicable

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EMA INDIA LIMITED

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Acknowledgement:

Your directors wish to express their grateful appreciation to the continued co-operation received from the Banks, Government Authorities, Customers, Vendors and Shareholders during the year under review. Your directors also wish to place on record their deep sense of appreciation for the committed service of the Executives, Staff and Workers of the Company.

On behalf of the Board

Sd/Sd/-

Ranjana Bhargava Rakshita Bhargava Whole Time Director & CFO Director DIN: 00234421 DIN: 00234224 Address: 28-Chandra Vihar, Address: 28-Chandra Vihar, Lakhanpur, Lakhanpur, Kanpur-208002 Kanpur-208002 Place: Kanpur Date: September 05, 2025

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EMA INDIA LIMITED

Annexure A

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Form No. MR-3

SECRETARIAL AUDIT REPORT

For the Financial Year ended March 31, 2025

[Pursuant to section 204(1) of the Companies Act, 2013 and Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014]

To,

The Members, EMA India Limited

C-37 Panki Industrial Area P O Udyog Nagar Kanpur – 208022

I have conducted the Secretarial Audit of the compliance of applicable statutory provisions and the adherence to good corporate practices by EMA India Limited (hereinafter called as “the Company”). Secretarial Audit was conducted in a manner that provided me a reasonable basis for evaluating the corporate conducts/statutory compliances and expressing my opinion thereon.

Based on my verification of the books, papers, minute books, forms and returns filed and other records maintained by the Company and also the information provided by the Company, its officers, agents and authorized representatives during the conduct of secretarial audit, I hereby report that in my opinion, the Company has, during the audit period covering the financial year ended on March 31, 2025 (“Audit Period”), complied with the statutory provisions listed hereunder and also that the Company has proper Board-processes and compliance-mechanism in place to the extent, in the manner and subject to the reporting made hereinafter.

I have examined the books, papers, minute books, forms and returns filed and other records maintained by the Company for the financial year ended on March 31, 2025 according to the provisions of:

(i) The Companies Act, 2013 (“the Act”) and the rules made there under;
(ii) The Securities Contracts (Regulation) Act, 1956 (“SCRA”) and the rules made there under;
(iii) The Depositories Act, 1996 and the Regulations and Bye-laws framed there under;
(iv) Foreign Exchange Management Act, 1999 and the rules and regulations made there under to the extent of Foreign Direct Investment, Overseas Direct Investment and External Commercial Borrowings ( Not applicable to the Company during the Audit Period) .
(v) The following Regulations and Guidelines prescribed under the Securities and Exchange Board of India Act, 1992 (“SEBI Act”), as amended from time to time:
(a) The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;
(b) The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015; (c) The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and amendments from time to time (Not applicable to the Company during the Audit Period) ;
(d) The Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (Not applicable to the Company during the Audit Period);
(e) The Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008; ( Not applicable to the Company during the Audit Period);
(f) The Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 regarding the Companies Act and dealing with the client (Not applicable to the Company during the Audit Period);
(g) The Securities and Exchange Board of India(Delisting of Equity Shares) Regulations, 2021 ( Not applicable to the Company during the Audit Period);
(h) The Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018 (Not applicable to the Company during the Audit Period) ;
(i) The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time.

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EMA INDIA LIMITED

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I further report that having regard to the compliance system prevailing in the Company and as certified by management and on examination of the relevant documents and records in pursuance thereof, on test check basis, As per explanation provided by the management, no sector specific laws are applicable to the company.

I have also examined compliance with the applicable clauses of the following:

I. Secretarial Standards issued by the Institute of Company Secretaries of India (as amended from time to time);
II. The Listing Agreement as entered into by the Company with Stock Exchange(s).

During the Audit Period the Company has complied with the provisions of the Act, Rules, Regulations, Guidelines, Standards, etc. mentioned above subject to the following observations:

i. During the Reporting Period a Form under section 179(3) of Companies Act 2013 is yet to be filed by the Company.
ii. The Company is required to strictly adhere to the compliance of Regulation 46 of SEBI (LODR) Regulations, 2015, by maintaining a functional website.

I further report that, the Board of Directors of the Company is duly constituted with proper balance of Executive Directors, NonExecutive Directors and Independent Directors. However, there were no changes in the composition of the Board of Directors that took place during the period under review.

Adequate notice was given to all Directors to schedule the Board Meetings, agenda and detailed notes on agenda were sent at least seven days in advance, and a system exists for seeking and obtaining further information and clarifications on the agenda items before the meeting and for meaningful participation at the meeting.

All decision at the Board Meeting and Committee Meeting has been carried out without dissent, as recorded in the minutes of the meetings of the Board or Committee of the Board, as the case may be.

I further report that there exist systems and processes in the Company commensurate with the size and operations of the Company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines. I further report that, the Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non- Executive Directors and Independent Directors. However, there were no changes in the composition of the Board of Directors that took place during the period under review.

I have relied on the representations made by the Company and its officers for systems and mechanisms formed by the Company for compliances under other applicable Acts/Laws/Regulations to the Company.

I further report that, during the audit period:

a. There were no instances of Issue of public/right/sweat equity, etc.
b. There were no instances of Redemption / buy-back of securities;
c. The Company has passed a special resolution for the disposal of whole or substantially the whole of the undertaking under section 180(1)(a) of the Companies Act, 2013.
d. There were no instances of Merger / amalgamation / re-construction, etc.
e. There were no instances of Foreign technical collaborations.

Sd/- Place: Kanpur Awashesh Dixit Date: May 29, 2025 Company Secretary UDIN: F010860G000487633 Peer Reviewed Unit No. 2873/2023 FCS No. 10860 C. P. No. 15398

Note: This Report is to be read with our letter of even date which is annexed as Annexure-A and forms an integral part of this report.

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EMA INDIA LIMITED

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‘Annexure A’

To, The Members EMA INDIA Limited

Our report of even date is to be read along with this letter.

Maintenance of secretarial record is the responsibility of the management of the Company. My responsibility is to express an opinion on these secretarial records based on my audit.
I have followed the audit practices and process as were appropriate to obtain reasonable assurance about the correctness of the contents of the secretarial records. The verification was done on test basis to ensure that correct facts are reflected in secretarial records. I believe that the process and practices, I followed provide a reasonable basis for my opinion.
I have not verified the correctness and appropriateness of financial records and Books of Accounts of the Company.
Wherever required, I have obtained the Management Representation about the Compliance of laws, rules and regulations and happening of events etc.
The Compliance of the provisions of Corporate and other applicable laws, rules, regulations, standards is the responsibility of management. My examination was limited to the verification of procedure on test basis.
The Secretarial Audit report is neither an assurance as to the future viability of the Company nor of the efficacy or effectiveness with which the management has conducted the affairs of the Company.

Sd/-

Awashesh Dixit Company Secretary

Place: Kanpur Dated: May 29, 2025

FCS No. 10860 C. P. No. 15398

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EMA INDIA LIMITED

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B.C JAIN & CO. Phone: 2311380,2311843 Chartered Accountants Fax: 0512-2304487 Email:[email protected] [email protected] www.bcjc.in 16/77-A, CIVIL LINES, KANPUR-208 001

INDEPENDENT AUDITORS’ REPORT

To

The Members of EMA INDIA LIMITED

Report on the audit of the Financial Statements

Opinion

We have audited the accompanying financial statements of EMA India Limited (“the Company”), which comprise of the Balance Sheet as at March 31, 2025, and the Statement of Profit and Loss for the year then ended, the Cash Flow Statement and Notes to the financial statements, including a summary of significant accounting policies and other explanatory information.

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the information required by the Companies Act, 2013 (‘Act’) in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2025, its Loss for the year ended on that date.

Basis for Opinion

We conducted our audit in accordance with the standards on auditing specified under section 143 (10) of the Companies Act, 2013. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the code of ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the act and the rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the code of ethics.

We conducted our audit in accordance with the Standards on Auditing (SAs). We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of Matter

We draw attention to Note No 44 were company has disclosed that company is not having any business in hand at present as well as continuous losses in the company coupled with negative net worth, the management has determined that the Company has ceased to be a going concern. Accordingly, all assets below market value have been impaired to keep on realisable value as determined by the management

Our opinion is not modified in respect of this matter

Key audit matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

Information other than the financial statements and auditors’ report thereon

The Company’s board of directors is responsible for the preparation of the other information. The other information comprises the information included in the Board’s Report including Annexures to Board’s Report, Business Responsibility Report but does not include the financial statements and our auditor’s report thereon.

Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained during the course of our audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Management’s responsibility for the financial statements

The company’s board of directors are responsible for the matters stated in section 134 (5) of the Act with respect to the preparation of these financial statements that give a true and fair view of the financial position, financial performance of the company in accordance with the accounting principles generally accepted in India, including the accounting standards specified under section 133 of the Act. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design,

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EMA INDIA LIMITED

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implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

The board of directors are also responsible for overseeing the company’s financial reporting process.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit.

We also:

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the companies’ act, 2013, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls system in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication

Report on other legal and regulatory requirements

The provisions of the Companies (Auditor’s Report) Order, 2020 (“the Order”), issued by the Central Government of India in terms of sub-section (11) of section 143 of the Companies Act, we enclose in the “Annexure A”, a statement on the matters specified in the paragraph 3 and 4 of the said order.
As required by Section 143(3) of the Act, we report that:
a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit;
b) In our opinion, proper books of account as required by law have been kept by the company so far as it appears from our examination of those books;
c) The balance sheet, the statement of profit and loss and cash flow dealt with by this report are in agreement with the books of account;

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EMA INDIA LIMITED

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d) In our opinion, the aforesaid financial statements comply with the accounting standards specified under Section 133 of the Act, read with rule 7 of the companies (Accounts) Rules, 2014 ;
e) On the basis of the written representations received from the directors as on March 31, 2025 taken on record by the board of directors, none of the directors is disqualified as on March 31, 2025 from being appointed as a director in terms of Section 164 (2) of the Act;
f) With respect to the adequacy of internal financial control over financial reporting of the company and the operating effectiveness of such control, refer to our separate report in “Annexure B”.
g) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us; i. The company does not have any pending litigations which would impact its financial position;
ii. The company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses; and
iii. There has been no delay in transferring amounts, required to be transferred, to the investor education and protection fund by the company.
h) Proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 for maintaining books of account using accounting software which has a feature of recording audit trail (edit log) facility is applicable to the Company with effect from April 1, 2023, however company is using accounting software in which audit trail feature is not available.

FOR B.C JAIN & CO. CHARTERED ACCOUNTANTS FRN 01099C

Sd/-

Place: KANPUR CA Shyam Ji Gupta Date: 24[th] May 2025 Partner M.No. 416155 UDIN: 25416155BMLMQL5091

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EMA INDIA LIMITED

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B.C JAIN & CO. Phone: 2311380,2311843 Chartered Accountants Fax: 0512-2304487 Email:[email protected] [email protected] www.bcjc.in 16/77-A, CIVIL LINES, KANPUR-208 001

Annexure “A” to the Independent Auditor’s Report

(Referred to in paragraph 1 under ‘Report on other legal and regulatory requirements’ section of our report to the members of EMA India Ltd. of even date) (i) In respect of its fixed assets,

  - (a) (A) The company has maintained proper records showing full particulars including its fixed assets; (B)The company is not having any intangible assets, so this clause is not applicable;

  - (b) As explained to us, fixed assets have been physically verified by the management in a phased periodical manner which in our opinion is reasonable. As informed to us no discrepancy was noticed on such physical verification;

  - (c) According to the information and explanation given to us and on the basis of examination of the records of the company, the title deed of lease hold land is held in the name of company;

  - (d) The company has not revalued its tangible assets during the year, so this clause is not applicable;

  - (e) According to the information and explanation given to us and on the basis of examination of the records of the company, during the year no proceedings are initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder;

(ii) In respect of its inventories, company is not having inventory as on 31st March 2025 so this clause is not applicable
(iii) The company has not made any investment, nor provided any guarantee or security or granted any loans or advances in the nature of loans, secured or unsecured, to companies, firms, limited liability partnerships or any other parties during the year, so this clause is not applicable;
(iv) In our opinion and according to the information and explanation given to us, the company has complied with the provisions of section 185 and 186 of the companies’ act, 2013, with respect loans, investments, guarantee and securities made;
(v) In our opinion and according to the information and explanation given to us, the company has not accepted any deposit within the meaning of section 73 to 76 of the Act, and the rules framed thereunder, so this clause is not applicable;
(vi) As operations of company is closed, so company is not maintaining cost records as per section 148(1) of companies act 2013;
(vii) (a) The company is regular in depositing undisputed statutory dues including goods and services tax, provident fund, employees’ state insurance, income tax, sales tax, service tax, custom duty, excise duty, cess and other statutory dues with the appropriate authorities;
- (b) In our opinion and according to the information and explanations given to us, there is no undisputed dues payable in respect of above which were outstanding as at 31.03.2025 for a period of more than six months from the date they became payable;
(viii) As informed to us there is no transactions which were not recorded in the books of account have been surrendered or disclosed as income during the year in the tax assessments under the income tax act, 1961 (43 of 1961), so this clause is not applicable;
(ix) (a) Based on our audit procedures and according to the information and explanation given by the management, the Company has not defaulted in repayment of loans or interest to bank, financial institution or government, so this clause (b), (c), (d), (e), (f) are not applicable;
(x) (a) In our opinion and according to the information and the explanation given to us, the company has not raised money by way of initial public offer (IPO) or further public offer (including debt instruments) during the year;
(b) The company has not made any preferential allotment or private placement of shares or convertible debentures (fully, partially or optionally convertible) during the year, so this clause is not applicable;
(xi) (a) According to the information and explanations given by the management and to the best of our knowledge and belief, no fraud by the company or on the company by its officer or employees has been noticed or reported during the year under audit;

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EMA INDIA LIMITED

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(b) As, no fraud is reported during the year so no report under sub-section (12) of section 143 of the companies’ act has been filed by the auditors in Form ADT-4 as prescribed under rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government;
(c) As informed to us, there is no whistle-blower complaints during the year so this clause is not applicable;
(xii) The Company is not a Nidhi / Mutual Benefit Fund / Society, so clause (a), (b), (c) is not applicable; (xiii) According to the information and explanation give to us and based on our examination of the records of the company, transaction with the related parties are in compliance with section 177 and 188 of the Act where applicable and details of such transaction have been disclosed in the financial statements as required by the applicable accounting standards;
(xiv) (a)The company is having adequate system of Internal Audit which is commensurate with the size and nature of its business.
(b) We have considered the reports of the Internal Auditors for the period under audit;
(xv) According to the information and explanation give to us and based on our examination of the records of the company, the company has not entered into non-cash transaction with directors or persons connected with him.so this clause is not applicable;
(xvi) The company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934, so clause (a), (b), (c), (d) are not applicable;
(xvii) The company has incurred cash losses of Rs 58.19 Lakhs in current year, and in previous year cash loss was Rs 43.37 Lakhs;
(xviii) The company has closed down its manufacturing business, which is major business of company hence this clause is not applicable;
(xix) As informed to us there is no ongoing projects, so clause (a) and (b) are not applicable; (xx) The company is not having any subsidiary company, so this clause is not applicable.
For B.C Jain & CO. Chartered Accountants FRN. 001099C Sd/- Place: KANPUR
CA Shyam Ji Gupta Date: 24[th] May 2025 Partner M.No. 416155 UDIN:25416155BMLMQL5091

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EMA INDIA LIMITED

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B.C JAIN & CO. Phone: 2311380,2311843 Chartered Accountants Fax: 0512-2304487 Email:[email protected] [email protected] www.bcjc.in 16/77-A, CIVIL LINES, KANPUR-208 001

Annexure-B to the Auditors Report

Annexure referred to in paragraph 1 (f) of our report of even date to the members of EMA India Ltd. for the year ended 31[st] March 2025.

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)

We have audited the internal financial controls over financial reporting of “ EMA India Ltd. ” (“The Company”) as of 31[st] March 2025 in conjunction with our audit of the financial statements of the company for the year ended on that date.

Management’s Responsibility for Internal Financial Controls

The company’s management is responsible for establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the company considering the essential components of internal control stated in the guidance note on Audit of Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India (‘ICAI’). These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to company’s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Companies Act, 2013.

Auditors’ Responsibility

Our responsibility is to express an opinion on the company's internal financial controls over financial reporting based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls over Financial Reporting (the “Guidance Note”) and the Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued by the Institute of Chartered Accountants of India. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the company’s internal financial controls system over financial reporting.

Meaning of Internal Financial Controls over Financial Reporting

A company's internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal financial control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.

Inherent Limitations of Internal Financial Controls Over Financial Reporting

Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

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EMA INDIA LIMITED

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Opinion

In our opinion, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at 31[st] March 2025, based on the internal control over financial reporting criteria established by the company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.

For B.C Jain & CO., CHARTERED ACCOUNTANTS FRN 01099C

Sd/-

CA Shyam Ji Gupta Partner M.No. 416155 UDIN: 25416155BMLMQL5091

Place: KANPUR Date: 24[th] May 2025

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EMA INDIA LIMITED

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EMA INDIA LIMITED

BALANCE SHEET AS AT 31.03.2025

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(All amounts in lac of Rupees, unless otherwise stated)
Particulars Notes As at As at
March 31,2025 March 31,2024
ASSETS
Non-Current Assets
Property, Plant and Equipment 1 6.73 26.36
Financial Assets: - -
i. Other Financial assets 2 2.59 2.65
Deferred tax assets (net) 3 - -
Total Non-Current Assets 9.32 29.01
Current Assets
Inventories 4 - 5.02
Financial Assets:
i. Investments 5 - -
ii. Trade receivables 6 - -
iii. Cash and cash equivalents 7 6.64 0.54
iv. Loans 8 - -
Other current assets 9 13.92 13.49
Total Current Assets 20.69 19.05
Total Assets 30.01 48.06
EQUITY AND LIABILITIES
Equity
Equity share capital 10 100.50 100.50
Other Equity
Reserve & Surplus 11 (275.20) (213.46)
Total Equity 174.70 112.96
LIABILITIES
Current Liabilities
Financial liabilities:
i. Borrowings 12 177.00 120.00
ii. Trade payables 13 - -
Other current liabilities 14 4.21 18.80
Provisions 15 23.50 22.22
Total Current Liabilities 204.71 161.02
Total Liabilities 204.71 161.02
Total Equity and Liabilities 30.01 48.06
"SIGNIFICANT ACCOUNTING POLICIES 1-45
NOTES ON FINANCIAL STATEMENTS"
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The above balance sheet should be read in conjunction with the accompanying notes.

As per our Report of even date attached. For B. C. Jain & CO. Chartered Accountants (FRN: 001099C) Sd/CA Shyam Ji Gupta Membership No. - 416155

Date:29/05/2025 Place: Kanpur

Sd/Namita Sabharwal (Company Secretary) (M. no. A35411) Add: 117/H-2/107, Pandu Nagar, Kanpur-208003

For and on behalf of the Board

Sd/-

Ranjana Bhargava (DIN: 00234421) Add:28-Chandra Vihar, Lakhanpur (MIG) Nawab Ganj Kanpur 208002

Rakshita Bhargava (DIN: 00234224) Add:28-Chandra Vihar, Lakhanpur (MIG) Nawab Ganj Kanpur 208002

Sd/-

Himanshu Kapoor (DIN: 07926807) Add: 4/277, B Vishnupuri, Nawab Ganj, Kheora Kanpur - 208002

Honey Bhatia (DIN: 10734987) Add: Villa No. K.21, Ratan Orbit Mukharji Vihar, Indira Nagar Kanpur208006

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EMA INDIA LIMITED

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EMA INDIA LIMITED

STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31.03.2025

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(All amounts in lac of Rupees, unless otherwise stated)
Particulars Notes Year ended March 31,2025 Year ended March 31,2024
Revenue from Operations 16 0.00 0.00
Other Income 17 0.04 0.06
Total income 0.04 0.06
Expenses:
Cost of Materials consumed 18 0.00 0.00
Changes in inventories of finished goods 19 4.34 0.00
work-in-progress and stock in trade 4.34 0.00
Employee benefits expense 20 23.88 23.88
Depreciation and amortization expense 5.78 5.94
Other expenses 21 30.02 19.57
Finance Costs 0.00 0.00
Total Expenses 64.02 49.39
Profit / (Loss) before exceptional items and tax (63.98) (49.33)
Exceptional Items 2.21 2.21
Loss before tax (61.77) (51.54)
Tax Expense
Current Tax 0.00 0.00
Deferred Tax 0.00 0.00
Loss for the year (61.77) (51.54)
Other Comprehensive income
(A) (i) Items that will not be reclassified to profit or 0.00 0.00
loss
(ii) Income tax relating to items that will not be 0.00 0.00
reclassified to profit or loss
Total comprehensive income for the year (61.77) (51.54)
i) Earnings Per Equity Share in Rupees
a) Basic (6.15) (5.13)
b) Diluted (6.15) (5.13)
SIGNIFICANT ACCOUNTING POLICIES
NOTES ON FINANCIAL STATEMENTS 1-45
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The above statement of profit & loss should be read in conjunction with the accompanying notes.

As per our Report of even date attached. For B. C. Jain & CO. Chartered Accountants (FRN: 001099C) Sd/CA Shyam Ji Gupta Membership No. - 416155 Date:29/05/2025 Place: Kanpur

Sd/Ranjana Bhargava (DIN: 00234421) Add:28-Chandra Vihar, Lakhanpur (MIG) Nawab Ganj Kanpur 208002

For and on behalf of the Board

Sd/Rakshita Bhargava (DIN: 00234224) Add:28-Chandra Vihar, Lakhanpur (MIG) Nawab Ganj Kanpur 208002

Sd/Namita Sabharwal (Company Secretary) (M. no. A35411) Add: 117/H-2/107, Pandu Nagar, Kanpur208003

Sd/Himanshu Kapoor (DIN: 07926807) Add: 4/277, B Vishnupuri, Nawab Ganj, Kheora Kanpur - 208002

Sd/Honey Bhatia (DIN: 10734987) Add: Villa No. K.21, Ratan Orbit Mukharji Vihar, Indira Nagar Kanpur 208006

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EMA INDIA LIMITED

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EMA INDIA LIMITED
CASH FLOW STATEMENT FOR THE YEAR ENDED 31st March, 2025
(All amounts		in lac of Rupees, unless otherwise stated)
			Current	Previous
			Year	Year
A. CASH FLOW FROM OPERATING ACTIVITIES
Net Loss before tax and extraordinary items			(49.31)	(55.63)
Adjustment for:
Depreciation 5.79				6.01
Deferred Revenue Expenses written off 0.00				0.00
Interest Expenses 0.00				0.00
(Profit)/ Loss on Sale of Investments 0.00				0.00
Loss on Investment in Shares 0.00				0.00
(Profit)onSale/DisposalofLAND/BUILDINNG 0.00				0.00
(Profit )/Loss on Sale/Disposal of Assets 7.16				0.00
Interest/Dividend Income 0.00				0.00
			12.95	5.94
Operating Loss before working capital changes			(51.03)	(43.37)
Adjustment for :
Trade and other Receivables 0.00				0.00
Inventories 5.02				0.00
Trade payable and other Liabilities (13.31)				8.20
Long-term Loans and Advances (0.50)				(1.55)
			(8.79)	6.65
Cash generated from operations			(59.82)	(36.72)
DirectTaxesPaid (Net)			0.00	0.00
NET CASH USED IN OPERATING ACTIVITIES			(59.82)	(36.72)
B. CASH FLOW FROM INVESTING ACTIVITES
Purchase of fixed assets 0.00				0.00
Sale of fixed assets 8.92				0.00
Sale/(Purchase) of TradeInvestments (Net) 0.00				0.00
Interest/Dividend Income 0.00				0.00
NET CASH FROM INVESTING ACTIVITIES			8.92	0.00
C. CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from long term borrowings 57.00				37.00
Interest paid 0.00				0.00
NET CASH FROM FINANCING ACTIVITIES			57.00	37.00
NET INCREASE IN CASH & CASH EQUIVALENTS (A+B+C)			6.10	0.27
CASH & CASH EQUIVALENTS
OpeningBalance as at 01.04.2024			0.54	0.26
Closing Balance as at 31.03.2025			6.64	0.54
As per our Report of even date attached			For and on behalf of the Board
For B. C. Jain & CO.
Chartered Accountants (FRN: 001099C) Sd/- Sd/-			Sd/-
CA Shyam Ji Gupta Ranjana Bhargava		Rakshita Bhargava
Membership No. - 416155 (DIN: 00234421)		(DIN: 00234224)
Date: 29/05/2025 Add:28-Chandra Vihar,		Add:28-Chandra Vihar,
Place: Kanpur Lakhanpur (MIG) Nawab	Lakhanpur (MIG) Nawab
Ganj Kanpur 208002		Ganj	Kanpur 208002
Sd/-
Namita Sabharwal Sd/-			Sd/-
(Company Secretary) Himanshu Kapoor			Honey Bhatia
(M. no. A35411) (DIN: 07926807)			(DIN: 10734987)
Add: 117/H-2/107, Add: 4/277, B			Add: Villa No. K.21, Ratan
Pandu Nagar, Kanpur- Vishnupuri, Nawab			Orbit Mukharji Vihar, Indira
208003 Ganj, Kheora			Nagar Kanpur 208006
Kanpur - 208002

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EMA INDIA LIMITED

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Equity Share Capital:- Particulars		EMA INDIA LIMITED STATEMENT OF CHANGES IN EQUITY 2024-25 (All amounts in lac of Rupees, unless otherwise stated) Notes Amount 10 100.50 0.00 10 100.50 0.00 10 100.50	EMA INDIA LIMITED STATEMENT OF CHANGES IN EQUITY 2024-25 (All amounts in lac of Rupees, unless otherwise stated) Notes Amount 10 100.50 0.00 10 100.50 0.00 10 100.50
			Amount 100.50 0.00 100.50 0.00 100.50

As at April 1, 2023 Changes in Equity Share Capital As at March 31,2024 Changes in Equity Share Capital As at March 31,2025		10
		10
		10
Other Equity:-

Particulars	Equity Component of Compound Financial Instruments		Reserve and Surplus FVOCI Total Capital Security premium General Retained Equity Other Reserve Reserve Reserve Earning Investment Equity

Balance as at April 1,2023 Profit for the year Other Comprehensive Income Total Comprehensive Income for the year Transfer to General Reserve	0		25.00 27.50 -214.43 0.00 0.00 -161.93 -51.54 -51.54 0.00 0.00
	0		0.00 0.00 0.00 -51.54 0.00 -51.54
			-55.63 0.00 0.00
Balance as at March 31,2024	0		25.00 27.50 -265.97 0.00 0.00 -213.46

Balance as at April 1,2024 Profit for the year Other Comprehensive Income Total Comprehensive Income for the year Transfer to General Reserve	0		25.00 27.50 -265.97 0.00 0.00 -213.46 -61.74 -61.74 0.00 0.00
	0		0.00 0.00 0.00 -61.74 0.00 -61.74
			-61.74 0.00 0.00 0.00
Balance as at March 31,2025	0		25.00 27.50 -327.71 0.00 0.00 -275.20
As per our Report of ev attached. For B. C. Jain & CO. Sd/- CA Shyam Ji Gupta Membership No. 416155 Place: Kanpur Date: 29/05/2025	en date		32 EMA INDIA LIMITED For and on behalf of the Board Sd/- Ranjana Bhargava Sd/- Rakshita Bhargava Sd/- Himanshu Kapoor Sd/- Honey Bhatia Sd/- Namita Sabharwal (DIN: 00234421) (DIN: 00234224) (DIN: 07926807) (DIN: 10734987) (Company Secretary) Add:28- Chandra Vihar, Lakhanpur (MIG) Nawab Ganj Kanpur 208002 Add:28- Chandra Vihar, Lakhanpur (MIG) Nawab Ganj Kanpur 208002 Add: 4/277, B, Vishnupuri Nawab ganj, Kheora, Kanpur - 208002 Add: Villa No. K 21, Ratan Orbit, Mukharji Vihar, Indira Nagar, Kanpur-208006 (M. no. A35411) Add:117/H2/107, Pandu Nagar, Kanpur

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SIGNIFICANT ACCOUNTING POLICIES
(a) SYSTEM OF ACCOUNTING Compliance with Ind AS

The financial statement comply in all material aspects with Indian Accounting Standards (Ind AS) notified under section 133 of the Companies Act, 2013 (the Act) (Companies (Indian Accounting Standards) Rules, 2015) and other relevant provisions of the Act. The financial statements up to the year ended March 31 2017 were prepared in accordance with the accounting standards notified under Companies (Accounting Standards) Rules, 2006 (as amended) and other relevant provisions of the Act. These financial statements are the first financial statements of the Company under IND AS.

The Financial Statements of the Company are prepared under the historical cost convention in accordance with Generally Accepted Accounting Principles and other pronouncements of the Institute of Chartered Accountants of India. The Company follows the mercantile system of accounting & recognizes income & expenditure on accrual basis except in respect of following where the exact quantum cannot be ascertained: (i) Claims lodged against and / or by the Company. (ii) Discounts allowed to customers on confirmation /settlement.

(iii) Government Taxes and other statutory dues except otherwise specified.

(b) USE OF ESTIMATES The presentation of financial statements requires estimates and assumptions to be made that affect the reported amount of assets and liabilities on the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Difference between the actual results and estimates are recognized in the period in which the results are known / materialized. (c) OWNED FIXED ASSETS Tangible assets are stated at cost net of tax/duty credit availed, if any, less accumulated depreciation. Cost represents cost of acquisition inclusive of inward freight and incidental expenses related to acquisition and adjustments arising from foreign exchange rate variations, if any. Intangible assets (Technical know-how) are stated at cost of acquisition less accumulated depreciation. TRANSITION TO IND AS

On transition to Ind AS, the company has elected to continue with the carrying value of all of its property, plant and equipment as well as all of its intangible assets recognised as at April 1, 2016 measured as per the previous GAAP and use that carrying value as the deemed cost of the property, plant, equipment and intangible assets.

(d) DEPRECIATION & AMORTISATION Leasehold Land is amortized over the period of lease. Depreciation on other Tangible Assets is provided for on straightline method as per their useful lives specified in Schedule II of the Companies Act, 2013.

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(e) INVESTMENTS AND OTHER FINANCIAL ASSETS
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The company classifies its financial assets in the following measurement categories.

(i) Those to be measured subsequently at fair value (either through other comprehensive income, or through profit or loss), and (ii) Those measured at amortised cost. For assets measured at fair value, gains and losses will either be recorded in profit or loss or other comprehensive income. For investments, in equity or debt instruments, this will depend on whether the company has made an irrevocable election at the time of initial recognition to account for the equity or debt investment at fair value through other comprehensive income. The classification depends on the contractual terms of cash flows and how the entity manages the financial assets. (f) INVENTORIES Inventories are valued at Lower of Cost or Net Realizable Value. Cost of raw material & components and stores & spare parts are determined on weighted average basis. Cost of material is arrived at after adjustment of, where applicable, any duty / VAT credit availed or to be availed. Work in process are valued at direct cost. Finished goods are valued at lower of cost or net realizable value. Cost includes related overhead and excise duty Payable for such goods whereever applicable. (g) SALES Revenue from sales is recognized upon despatch to customers. Sales (net of returns) are inclusive of packing charges and exchange variations arising out of export sales transactions but excluding Sales Tax/VAT. (h) RESEARCH AND DEVELOPMENT Expenditure related to capital items is debited to fixed assets and depreciated at applicable rates. Revenue expenditure is charged to Profit and Loss Account of the year in which they are incurred. (i) FOREIGN CURRENCY TRANSACTIONS Monetary assets and liabilities related to foreign currency transactions remaining unsettled at the end of the year are translated at year end rates. The difference in translation of monetary assets & liabilities and realized gains & losses on foreign exchange transactions other than those relating to fixed assets are recognized in the Profit and Loss Account. Exchange differences in respect of liabilities incurred to acquire fixed assets are adjusted in the cost of such fixed assets. (j) EMPLOYEE BENEFITS (i) Short Term Employee Benefits are recognized as an expense at the undiscounted amount in the Profit & Loss A/c of the year in which the related service is rendered. (ii) Short term liability for accumulated earned leave encashment Payable to employees at the end of the year provided for. 33 EMA INDIA LIMITED

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(iii) Post retirement and other long term benefits are recognized as an expense in the Profit & Loss A/c for the year in which Employee has rendered services. The expense is recognized at the present value of amount Payable determine using acturial valuation.

(k) BORROWING COSTS

Borrowing costs attributable to the acquisition or construction of qualifying assets are capitalized as part of the cost of such assets. A qualifying asset is one that necessarily takes substantial period of time to get ready for intended use. All other borrowing costs are charged to revenue.

(l) DEFERRED REVENUE EXPENDITURE

(i) The design and development cost paid is treated as Deferred Revenue Expenditure to be written off in six equal installments.

(ii) Compensation paid to employees taking voluntary retirement is treated as Deferred Revenue Expenditure to be written off in five equal installments.

(m) PROVISION FOR CURRENT & DEFERRED TAX

Provision for current tax is made after taking into consideration benefits admissible under the provisions of the Income Tax Act, 1961 and based on the expected outcome of assessments / appeals in Company’s cases. Deferred tax resulting from “timing difference” between book and taxable profit is accounted for using the tax rates & laws that have been enacted or substantively enacted as on the Balance Sheet date. The deferred tax asset is recognized and carried forward only to the extent that there is a reasonable certainty that the assets will be realized in future. The effect of tax rate change is considered in the Profit & Loss Account of the respective year of change.

(n) PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

Provisions are recognized only when there is a present obligation as a result of past events and when a reliable estimate of the amount of the obligation can be made. Contingent liabilities (if material) are disclosed by way of Notes to Accounts. Contingent Assets are not recognized in the financial statements since this may result in the recognition of income that may never be realized.

(All amounts in lac of Rupees, unless otherwise stated) NOTES ON FINANCIAL STATEMENTS

As at As at 31.03.2025 31.03.2024 1 TANGIBLE ASSETS As separately given 6.73 26.36 31.03.2025 31.03.2024 2 LONG TERM LOANS & ADVANCES VAT recoverable 0.00 0.00 Security Deposits 2.59 2.65 TOTAL 2.59 2.65 3 DEFERRED TAX ASSETS 31.03.2025 31.03.2024 The Company estimates the deferred tax credit / (charge) using the applicable rate of tax based on the impact of timing differences between financial statements and estimated taxable income for the current year. The Deferred Tax assets comprise of the following: (a) Deferred Tax Assets - OPENING 0 0 (b) ADD-CURRENT PERIOD 0 0 NET DEFERRED TAX ASSETS 0 0 The company had been recognising the Deferred Tax Asset upto earlier years on the estimates that there will be sufficient future taxable profit to utilise the tax loss.However,by the reviewed estimation by the management, the likelihood that this tax loss can be utilised in the near future, has fallen down and it has been prudently decided to write off the deferred tax asset. 4 INVENTORIES (As certified by the 31.03.2025 31.03.2024 management) Stores and Spares 0.00 0.00 Raw Materials and Components 0.00 2.52 Work-in-Process 0.00 0.00 34 EMA INDIA LIMITED

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Scrap at realisable value TOTAL 5 CURRENT INVESTMENTS TRADE INVESTMENTS TOTAL Cost - Rupees TOTAL Market Value - Rupees 6 TRADE RECEIVABLES (Unsecured): Other Debts-Considered Good TOTAL 7 CASH & CASH EQUIVALENTS (i) Balance with Banks in Current Accounts (ii) Cash in hand (iii) Fixed Deposits with Bank TOTAL 8 SHORT TERM LOANS & ADVANCES (Unsecured, considered good) Advances to Suppliers Other Advances TOTAL 9 OTHER CURRENT ASSETS Advance Income Tax (Net of Provisions) Balance with Statutory / Government authorities Prepaid Expenses TOTAL 10 SHARE CAPITAL AUTHORISED 27,50,000 Equity Shares of Rs. 10/- each 25,000 Preference Shares of Rs.100/- each ISSUED, SUBSCRIBED & FULLY PAID UP 10,05,000 Equity Shares of Rs. 10/- each TOTAL 1 Shareholders holding more than 5% in the company as on 31.03.2025 Pradip Kumar Bhargava HUF EMA Electro Maschinen Schultze GmbH & Co. Ms Rakshita Bhargava Ms Malavika Aatur Mehta TOTAL 1 Change in the Share Capital Change in Shareholders holding more than 5%	0.00 2.50 0.00 5.02 31.03.2025 31.03.2024 0 0 0 0 31.03.2025 31.03.2024 0 0
	0 0
	31.03.2025 31.03.2024 6.38 0.33 0.26 0.21 0.00 0.00
	6.64 0.54
	31.03.2025 31.03.2024 0.13 0.00 0.00 0.00
	0.13 0.00
	31.03.2025 31.03.2024 2.70 3.44 11.22 9.27 0.78 0.78
	13.92 13.49
	As at As at 31.03.2025 31.03.2024 275.00 275.00 25.00 25.00
	300.00 300.00
	100.50 100.50
	100.50 100.50
	Nos Nos 352906 352906 68755 68755 71343 74007 71343
	567011 493004
	NIL NIL NIL NIL

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Note 1A; Shares Held By Promoters

EMA INDIA LIMITED

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March 31, 2025
% of total % Change
Promoter's Name No of shares
shares during the year
Diatech Tools India Pvt Ltd. 17300 1.72
Pradip Kumar Bhargava HUF 352906 35.12
Rakshita Bhargava 71343 7.10
Ranjana Bhargava 49000 4.88
490549 48.82
March 31, 2024
% of total % Change
Promotor's Name No of shares
shares during the year
Diatech Tools India Pvt Ltd. 17300 1.72
Pradip Kumar Bhargava HUF 352906 35.12
Rakshita Bhargava 71343 7.10
Ranjana Bhargava 49000 4.88
490549 48.82
1 Equity shares allotted as fully paid up pursuant to a contract
without payment being received in cash for the period of five NIL NIL
years immediately preceeding the date of Balanace Sheet
1 Equity shares allotted as fully paid up by way of bonus
shares by capitalization of General Reserve for the period of
NIL NIL
five years immediately preceeding the date of Balanace
Sheet
11 RESERVES & SURPLUS 31.03.2025 31.03.2024
CAPITAL RESERVE
Capital Investment Subsidy - As per last Balance Sheet 25.00 25.00
SECURITY PREMIUM ACCOUNT
Premium received on issue of Equity Shares - As per last 27.50 27.50
Balance Sheet
GENERAL RESERVE
Balance at the beginning of the year (265.96) (214.42)
(Less) : Shortfal in depreciation consequent upon changes 0.00 0.00
in useful life of assets provided
(Less) : Transferred to currrent year Statement of Profit & (61.77) (51.54)
Loss
Balance at the end of the year (327.73) (265.96)
PROFIT & LOSS ACCOUNT
Balance at the beginning of the year 0.00 0.00
Add / ( Less) : Profit / (Loss) for the year (61.77) (51.54)
Transferred from General Reserve (61.77) (51.54)
Balance at the end of the year 0.00 0.00
TOTAL (213.46) (213.46)
12 SHORT TERM BORROWINGS 31.03.2025 31.03.2024
FROM DIRECTOR -UNSECURED
Ms Rakshita Bhargava 177.00 120.00
13 TRADE Payables 31.03.2025 31.03.2024
SUNDRY CREDITORS
Due to Micro, Small & Medium Enterprises (less than six 0 0
months)
Due to Others 0 0
TOTAL 0 0
14 OTHER CURRENT LIABILITIES 31.03.2025 31.03.2024
Salaries & Benefits Payable 0.20 13.64
Bonus Payable 0.06 0.07
Tax deducted at source Payable 1.52 1.19
Provisions for expenses 1.94 1.68
Creditors for services 0.49 2.22
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EMA INDIA LIMITED

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		TOTAL	4.21	18.80
15	SHORT TERM PROVISIONS		31.03.2025	31.03.2024
	ESI Payable		0.00	0.00
	PF Payable		0.15	0.16
	Leave encashment Payable		23.35	22.06
		TOTAL	23.50	22.22
16	REVENUE FROM OPERATIONS		31.03.2025	31.03.2024
16.1	SALE OF PRODUCTS
	Induction Heating Equipments produced & sold -	Numbers	0	0
	Sale Value of Equipments - Rupees		0	0
	Tools, Spares & Upgrading etc (in lot) - Rupees		0	0
	Gross Sale		0	0
	Less: Excise Duty & Cess Realised		0	0
	NET SALES		0	0
	There is no opening or closing stock of goods produced.
16.2	SALE OF SERVICES
	Technical Assistance & Process Support Charges			0	0
			TOTAL	0	0
17	OTHER INCOME
	Duty Draw Back Received			0.00	0.00
	Short Term Capital Gain on Redemption of Investments			0.00	0.00
	Balances no longer Payable written back			0.04	0.00
	Receipt from Superannuation Fund			0.00	0.00
	Interest on Security Deposit			0.06	0.06
	Interest on Deposits with Scheduled Banks			0.00	0.00
			TOTAL	0.04	0.06
18	COST OF RAW MATERIAL CONSUMED			31.03.2025	31.03.2024
	PARTICULARS
	Imported (in Rupees)			0	0
	(in percentage)			0	0
	Indigenous (in Rupees)			0	0
	(in percentage)			0	0
		TOTAL IN RUPEES		0	0
	It is not practical to furnish detailed item wise information of raw materials			& components consumed in view of the
	large number of items which differ in size &	nature, each	being less than	ten percent in value of the total value.
19	DECREASE IN INVENTORY OF WORK IN	PROCESS
	Opening Stock			5.02	5.02
	Less: Sale			0.68	0.00
	Less: Closing Stock			0.00	5.02
			TOTAL	4.34	0.00
20	EMPLOYEE BENEFIT EXPENSES
	Salaries, Wages and Bonus etc.			21.14	21.59
	Contribution to Provident and other Funds (Refer	Note No 29)		2.04	1.69
	Employees Welfare Expenses			0.70	0.60
			TOTAL	23.88	23.88
21	OTHER EXPENSES			31.03.2025	31.03.2024
	Power and Electrical Charges			2.10	3.81
	Rates and Taxes			1.63	1.63
	Insurance			1.62	1.01
	Travelling Expenses			0.02	0.16
	AUDITORS' REMUNERATION			0.30	0.30
	Director Sitting Fees			0.40	0.40
	Loss/(Profit) on Sale/ Disposal of Assets			7.16	0.00
	Professional Fees & Expenses			5.81	2.44
	Security Service Charges			2.81	2.81
	Other Miscellaneous Expenses			8.17	7.01
			TOTAL	30.02	19.57

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EMA INDIA LIMITED

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22 CONTINGENT LIABILITIES & COMMITMENTS (i) Claim against the company for various labour cases filed, not acknowledged as debt since the amount is not ascertainable.

23
C.I.F. VALUE
RAW MATERIAL IMPORTED
24
EXPENDITURE IN FOREIGN CURRENCY
Foreign Bank Charges
Travelling
TOTAL
25
EARNINGS IN FOREIGN CURRENCY
Export of Goods on F.O.B. Basis
26
EARNING PER SHARE (EPS)
(i) Net Profit/( Loss ) for Equity shareholders – Rupees
(ii) Weighted Average number of Equity Shares
(iii) Basic and Diluted Earnings per share of Rs.10 each - Rupees

31.03.2025
31.03.2024
0
0
31.03.2025
31.03.2024
0
0
0
0

0
0

31.03.2025
31.03.2024
0
0
31.03.2025
31.03.2024
(61.77)
(51.54)
1005000
1005000
(6.15)
(5.13)

27 EMPLOYEE BENEFITS – As per Accounting Standard-15 (Revised 2005)

(i) Gratuity Fund – Gratuity is administered through Group Gratuity Scheme with LIC and annual premium thereon is paid and accounted for as and when demanded based on actuarial valuation made by LIC

(ii) Leave Encashment – Provision for leave encashment has been made by the management.

(iii) Defined Contribution Plans– During the financial year ended	31.03.2025, the Company	has recognized the
following amounts in the Profit & loss account for employee benefits.
Employer’s Contribution to	31.03.2025	31.03.2024
Employee’s Provident Fund	1.77	1.79
Employee’s Family Pension Scheme	0.11	0.13
Employee’s State Insurance Fund	0.03	0.06
Employee’s Group Insurance Scheme	0.00	0.00
Employee’s Superannuation Fund	0.00	0.00
Gratuity Fund –
Contribution to LIC Group Gratuity Scheme as per demand raised	0.00	0.00

28 RELATED PARTY DISCLOSURES

As required under AS-18 issued by Institute of Chartered Accountants of India

(i) Key Management Personnel & their relatives

(a) Mrs. Ranjana Bhargava, Whole Time Director

(b) Ms. Rakshita Bhargava, Director

(i) Key Management Personnel & their relatives (a) Mrs. Ranjana Bhargava, Whole Time Director (b) Ms. Rakshita Bhargava, Director
(ii) Summary of Transactions	31.03.2025	31.03.2024
Key Management Personnel & Relatives
Remuneration	15.09	14.99
Sitting Fees	0.16	0.16
Leave Encashment	1.29	1.29
Other Directors
Sitting Fees	0.24	0.24
loan from Director	177.00	120.00

Financial Ratios

29 are as follows:

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31.03.2025 31.03.2024 Deviation of
Ratios Numerator Denominator 25% across
years (Y/N)
NA NA
Shareholder's
Debt-Equity Ratio Debt Capital NA
Equity
NA NA
Debt-Service Debt Service
EBITDA-CAPEX NA
Coverage Ratio (Int+Principal)
0.35 0.46
Average
Return on Equity
Profit for the year Shareholder’s YES
Ratio
Equity
NA NA
Inventory- Average
COGS NA
Turnover Ratio Inventory
Trade NA NA
Average trade
Receivables- Net Sales NA
receivables
Turnover Ratio
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EMA INDIA LIMITED

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NA NA
Total Purchases
(Fuel Cost +
Other
Trade Payables- Closing Trade
Expenses+Closing NA
Turnover Ratio Payables
Inventory-
Opening
Inventory)
Workimg NA NA
Net Capital
Sales capital (CA- NA
Turnover Ratio
CL)
Net Profit Ratio Net Profit Sales NA NA NA
0.35 0.46
Return on Capital Earnings before Capital
YES
Employed * interest and tax Employed
Return on NA NA
Net Profit Investment NA
Investment
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Due to widening of negative net worth.
Due to negative figures in both Numerator and denominator, the result of Return on Equity
** Ratio and Return on Capital Employes, are in Positive.
30 The Company is engaged in one segment only i.e. Machine Tools for Automotive and other classified industries which are governed by the same set of risk and returns. The said treatment is in accordance with the guiding principle enunciated in the Ind AS-108 on Segment Reporting.
31 Title deeds of immovable Property not held in name of the Company

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Wheather
title deed
Title deeds
holder is a Reason
of
promotor, for not
immovable
Relevant line Descriptions of Gross director or Property being
Property
items in the Iteam of carrying relative of held since held in
not held in
Balance sheets property Value Promotor' which date the
name of
director or name of
the
employee of company
Company
promotors/
director
NIL
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32 Where the Company has revalued its Property, Plant and Equipment, the company shall disclose as to whether the revaluation is based on the valuation by a registered valuer as defined under rule 2 of the Companies (Registered Valuers and Valuation) Rules, 2017

Not Applicable

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EMA INDIA LIMITED

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33 where Loans or Advances in the nature of loans are granted to promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013,) either severally or jointly with any other person, that are:

(a) repayable on demand or

(b) without specifying any terms or period of repayment

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Percentage to
Amount of loan
the total
and Advance in
Type of Loans and
the nature of
Borrower Advances in
Loan
the nature of
outstanding
loans
Promotors
Directors
Not Applicable
KMPs
Related Parties
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34 Capital Work In Progress (CWIP)
(a) For Capital-work-in progress, following ageing schedule shall be given

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Amount in CWIP for a period of Total
CWIP More than 3
Less than 1 year 1-2 years 2-3 Years
years
Projects in
progress
Projects Not Applicable
temporarily
suspended
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(b) For capital-work-in progress, whose completion is overdue or has exceeded its cost compared to its original plan, following

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35 Intangible assets under development:

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(a) For Intangible assets under development
Amount in CWIP for a period of Total
Instangible
Assets under More than 3
Development Less than 1 year 1-2 years 2-3 Years years
Project 1
Not Applicable
Project 2
(b) Intangible assets under development completion
schedule
To be Completed in Total
Instangible
Assets under More than 3
Development Less than 1 year 1-2 years 2-3 Years years
Project 1
Not Applicable
Project 2
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40 EMA INDIA LIMITED

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36 Details of Benami Property held

Nil

Where the Company has borrowings from banks or 37 financial institutions on the basis of current assets

(a) whether quarterly returns or statements of current assets filed by the Company with banks or financial institutions are in agreement with the books of accounts.

Nil

(b) if not, summary of reconciliation and reasons of material discrepancies, if any to be adequately disclosed

38 Wilful Defaulter

a. Date of declaration as wilful defaulter,

Nil

b. Details of defaults (amount and nature of defaults),

39 Relationship with Struck off Companies

Where the company has any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956, the Company shall disclose the following details:-

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Relationship
Nature of with the
Name of struck transactions with Balance Struck off
off Company struck-off outstanding company, if
Company any, to be
disclosed
Investments in
securities
Receivables
Payables
Shares held by
struck-off Not Applicable
Company
Other outstanding
balances (to be
specified
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Registration of charges or satisfaction with Registrar

40 of Companies

Where any charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period, NIL details and reasons thereof shall be disclosed.

41 Compliance with number of layers of companies

Where the company has not complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017, the name and CIN of the companies beyond the specified layers and the relationship/extent of holding of the company in such downstream companies shall be disclosed. Not Applicable

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EMA INDIA LIMITED

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42 Compliance with approved Scheme(s) of Arrangements Where any Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013, the Company shall disclose that the effect of such Scheme of Arrangements have been accounted for in the books of account of the Company ‘in accordance with the Scheme’ and ‘in accordance with accounting standards’ and deviation in this regard shall be explained Not Applicable

Utilisation of Borrowed funds 43 and share premium: Not Applicable

44 Having no business in hand at present as well as continuous losses in the company coupled with negative net worth, the management has determined that the Company has ceased to be a going concern as on 31.12.2023. Accordingly, all assets below market value have been impaired to keep on realisable value as determined by the management. Current year losses shall be met out of unsecured loans given by the Directors .

45 Previous year figures have been regrouped / reclassified to conform to this year's classification.

As per our Report of even date attached. For and on behalf of the Board For B. C. Jain & CO. Chartered Accountants (FRN: 001099C) Sd/Sd/Sd/- CA Shyam Ji Gupta Ranjana Bhargava Rakshita Bhargava Partner Membership No. - 416155 (DIN: 00234421) (DIN: 00234224) Add:28-Chandra Add:28-Chandra Vihar, Lakhanpur Vihar, Lakhanpur Date: 29/05/2025 (MIG) Nawab Ganj (MIG) Nawab Ganj Kanpur 208002 Kanpur 208002

Sd/Namita Sabharwal Sd/Sd/(Company Secretary) Himanshu Kapoor Honey Bhatia (M. no. A35411) (DIN: 07926807) (DIN: 10734987) Add: 117/H-2/107, Add: 4/277, B Add: Villa No. K.21, Ratan Pandu Nagar, KanpurVishnupuri, Nawab Orbit Mukharji Vihar, Indira 208003 Ganj, Kheora Nagar Kanpur 208006 Kanpur - 208002

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EMA INDIA LIMITED

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EMA INDIA LIMITED NOTE ‘7’: TANGIBLE ASSETS—31.03.2015

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GROSS DEPREC IATION/IMPAIRMENT NET BLOCK
BLOCK
01.04.2024 Addi Del 31.03 01.04.2024 For the Adjust Dep Imp 31.03 31.03.2 31.03
tions e .2025 period ment re air .2025 025 .2024
tion ci me
s ati n t
on
Land
(Leasehold
) 0.90 0 0 0.90 0.48 0.01 0.00 0.00 0.00 0.49 0.41 0.42
Building 57.03 0 0 57.03 50.77 0.21 0.00 0.00 0.00 50.99 6.04 6.25
Plant &
Machinery 15.60 0 15.60 0.00 15.33 0.00 15.33 14.94 0.38 0.00 0.00 0.27
Utility Sub
stations 5.49 0 0 5.49 5.39 0.00 0.17 0.00 0.17 5.21 0.27 0.10
Computers 17.32 0 17.32 0.00 17.17 0.00 17.17 16.47 0.69 0.00 0.00 0.15
Cooling 8.41 0 8.41 0.00 8.31 0.00 8.31 7.79 0.52 0.00 0.00 0.10
Equipment
s
Office
Equipment
s 8.44 0 8.44 0.00 8.34 0.00 8.34 8.05 0.29 0.00 0.00 0.10
Furniture
& Fixtures 7.19 0 7.19 0.00 7.09 0.00 7.09 6.93 0.16 0.00 0.00 0.10
Vehicles 47.60 0 47.60 0.00 28.73 5.56 34.29 34.29 0.00 0.00 0.00 18.87
GRAN
D 167.97 0 104.55 63.42 141.61 5.78 90.70 88.47 2.23 56.69 6.73 26.36
TOTAL
PREVIO
US YEAR 167.97 0.00 0.00 167.97 133.44 5.95 2.21 5.95 2.21 141.61 26.36 34.53
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EMA INDIA LIMITED

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EMA INDIA LIMITED

502, Gopala Chambers, 14/123 Parade, Kanpur, Uttar Pradesh- 208001 Ph: 0512-2691210-11 E-mail: [email protected]; Website: www.eiltd.info CIN No.: L27201UP1971PLC003408

September 05,2025

Dear Shareholders,

Sub: E-mail address–Green Initiative Corporate Governance–Paperless Communication Ref: Circular Nos. 17/2011 & 18/2011 dt. April 21, 2011 and April 29, 2011 respectively, issued by the Ministry of Corporate Affairs, Government of India (MCA)

The Ministry of Corporate Affairs has taken “Green Initiative in Corporate Governance” by allowing paperless compliances by the companies by way of dispensing with sending Physical Annual Reports of the Company and in lieu thereof sending the documents by E-Mail to its Members. Accordingly, in future the Company proposes to send its notice, annual report, etc., in electronic form to its Members in support of the said Green Initiative of the MCA for which E-mail address of the shareholders is required to be registered with the Company.

Please note that the Annual Report / related documents for financial year 2024-25 has been dispatched to the shareholders in electronic form, to the shareholders whose email address are registered with the Company/ Depository Participant(s), as well as uploaded on the website of the Company viz. www.eiltd.info for the ready reference of its Members. However to enable the Company to follow the Green Initiative in Corporate Governance, the Members are requested to comply with the following:

a. Members holding equity shares of the Company in electronic form are requested to register / update their e-mail address with their DP.
b. Members holding equity shares of the Company in physical form are requested to provide their e-mail address to the Company /RTA urgently.

Please note that as a Member of the Company you are always entitled to receive on request, copy of the said documents, free of cost, in accordance with the provisions of the Companies Act, 2013.

Thanking you for supporting this unique initiative and assuring you of our best attention at all times.

Yours sincerely, For EMA India Limited.

Sd/- Ranjana Bhargava Whole-time Director DIN: 00234421

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EMA INDIA LIMITED

AI assistant

Ema India Ltd. — Annual Report 2025

63321_rns_2025-09-08_5242aa94-094b-41f1-b5d4-07764ba33e39.pdf

Dated: 08/09/2025

Reg: EMA India Limited; Scrip Code: 522027

Subject: 54[th] Annual Report of the Company for the Financial Year 2024-2025.

Enclosed: As above

EMA INDIA LIMITED ANNUAL REPORT 2024-25

EMA INDIA LIMITED

BOARD OF DIRECTORS

SECRETARIAL AUDITOR

BANKERS

REGISTRAR & SHARE TRANSFER AGENT

EMA INDIA LIMITED

NOTICE

ORDINARY BUSINESS :

SPECIAL BUSINESS:

To Appoint Mr. Awashesh Dixit, Practising Company Secretary as Secretarial Auditor of the Company.

NOTES:

INSTRUCTIONS FOR SHAREHOLDERS ATTENDING THE AGM THROUGH VC/OAVM & E-VOTING DURING MEETING ARE AS UNDER:

EXPLANATORY STATEMENT

ITEM NO. 3:-

Annexure-A

DIRECTOR’S REPORT

Financial Results:

State of Company’s Affairs:

Subsidiaries, Joint Ventures or Associate Companies:

Material Changes and Commitments:

Change in the Nature of Business:

Dividend:

Reserves & Surplus:

Directors & Key Managerial Personnel:

i) Retirement by Rotation:

ii) Changes in Directors:

Changes in Share Capital, if any

Statutory Auditors & Audit Report:

Frauds reported by Auditors:

Borrowings:

Related Party Transactions:

Deposits:

Deposits not in compliance with Chapter V of the Act:

Maternity Benefit:

Managerial Remuneration:

Directors Responsibility Statement:

Compliance of Secretarial Standards:

Declaration by Independent Directors:

Audit Committee:

Nomination and Remuneration Committee:

Role of Nomination and Remuneration Committee:

Remuneration Policy:

Stakeholder Relationship Committee:

Corporate Social Responsibility:

Weblink of Annual Return:

Details of Board Meeting Held during the Year:

Secretarial Audit Report:

Internal Auditor:

Vigil Mechanism:

Adequacy of Internal Financial Controls:

Management Discussion and Analysis:

Risk Management Policy and Identification of Key Risks:

Maintenance of Cost Records:

Other Disclosures:

Acknowledgement:

Form No. MR-3

SECRETARIAL AUDIT REPORT

INDEPENDENT AUDITORS’ REPORT

To

Report on the audit of the Financial Statements

Opinion

Basis for Opinion

Emphasis of Matter

Our opinion is not modified in respect of this matter

Key audit matters

Management’s responsibility for the financial statements

Report on other legal and regulatory requirements

Sd/-

Annexure “A” to the Independent Auditor’s Report

Annexure-B to the Auditors Report

Management’s Responsibility for Internal Financial Controls

Auditors’ Responsibility

Ema India Ltd. Annual Report 2025