INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol EMAPARTNER
MSEI Symbol NOTLISTED
ISIN INE0ZOL01023
Name of Company EMA Partners India Limited
Type of company SME
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 23-04-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 20-04-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Half Yearly
Reporting Quarter Yearly
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Executive Search
Start date and time of board meeting 23-04-2026   17:05:00
End date and time of board meeting 23-04-2026   19:45:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 16-02-2026
Indicate Company website link for updated RPT policy of the Company www.emapartners.in
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not applicable


Financial Results — Other than Bank

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Revenue From Operations
Revenue from operations 2,268.06 4,029.46
Other income 162.74 392.58
Total Income 2,430.80 4,422.04
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 244.23 395.50
(e) Finance costs 1.92 3.82
(f) Depreciation and amortisation expense 72.82 140.60
(g) Other Expenses
1 Legal and Professional fees 1,116.29 2,339.55
2 Other expenses 251.24 384.87
Total other expenses 1,367.53 2,724.42
Total expenses 1,686.50 3,264.34
3 Profit before exceptional and extraordinary items and tax 744.30 1,157.70
4 Exceptional items 0.00 0.00
5 Profit before extraordinary items and tax 744.30 1,157.70
6 Extraordinary items 0.00 0.00
7 Profit before tax 744.30 1,157.70
8 Tax Expense
Current tax 195.26 287.84
Deferred tax (18.16) (7.00)
Total tax expenses 177.10 280.84
9 Net Profit Loss for the period from continuing operations 567.20 876.86
10 Profit (loss) from discontinuing operations before tax 0.00 0.00
11 Tax expense of discontinuing operations 0.00 0.00
12 Net profit (loss) from discontinuing operation after tax 0.00 0.00
13 Profit (loss) for period before minority interest 567.20 876.86
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period 567.20 876.86
17 Details of equity share capital
Paid-up equity share capital 1,162.32 1,162.32
Face value of equity share capital 5 5
18 Reserves excluding revaluation reserve 10,090.45
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 2.44 3.77
Diluted earnings (loss) per share from continuing and discontinued operations 2.44 3.77
20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio
23 Disclosure of notes on financial results Textual Information(1)


Text Block

Textual Information(1) These standalone financial results for the half year and year ended on March 31, 2026 have been reviewed and recommended by the Audit Committee at its meeting held on April 23, 2026 and approved by Board of Directors at its meeting held on April 23, 2026. These standalone financial results of the Company have been prepared in accordance with the Accounting Standards generally accepted in India (GAAP) as prescribed under Section 133 of the Companies Act 2013, as amended, read with the relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) The Company is engaged in the business of providing Executive Search and placement technology led recruitment services, which in the context of Accounting Standard 17 on Segment Reporting constitutes a single reportable segment. In accordance with regulation 33 of SEBI (LODR) Regulation 2025, the statutory auditors of the Company carried out limited review for the half year ended financials and audit for the year ended financials. The figures of the half year ended March,31 2026 are balancing figures between audited figures for the year ended March,31 2026 and unaudited figures published for half year ended September, 30 2025, which were subjected to limited review. The Statement of Standalone Assets and Liabilities as at March 31, 2026 and Cash Flow Statement for the year ended March, 31 2026 is enclosed herewith. Previous period/year figures have been regrouped / rearranged / restated to make them comparable to with those of the current year. The above standalone financial results of the Company are available on the Company's website (www.emapartners.in) and also on the website of NSE, where the shares of the Company are listed.


Remarks

20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio


Cash flow statement — indirect

Amount in (Lakhs)

A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax 1,157.70
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 0.00
Adjustments for depreciation and amortisation expense 140.60
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for share-based payments 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 179.34
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments to profit (loss) 319.94
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories 0.00
Adjustments for decrease (increase) in trade receivables (1,050.78)
Adjustments for decrease (increase) in other current assets 43.23
Adjustments for increase (decrease) in trade payables 1,035.30
Adjustments for increase (decrease) in other current liabilities 8.11
Adjustments for provisions 115.34
Total adjustments for working capital 151.20
Total adjustments for reconcile profit (loss) 471.14
Net cash flows from (used in) operations 1,628.84
Dividends received 4.93
Interest paid 3.82
Interest received (309.85)
Income taxes paid (refund) 346.11
Other inflows (outflows) of cash (427.43)
Net cash flows from (used in) operating activities before extraordinary items 546.56
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) operating activities 546.56
4 Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property plant and equipment 7.38
Purchase of property plant and equipment 90.64
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 4.93
Interest received 340.93
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 663.64
Proceeds from government grants 0.00
Net cash flows from (used in) investing activities before extraordinary items 926.24
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) investing activities 926.24
Cash flows from used in financing activities
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings (25.19)
Repayments of borrowings 0.00
Dividends paid 0.00
Interest paid 3.95
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities before extraordinary items (29.14)
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) financing activities (29.14)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 1,443.66
6 Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 1,443.66
Cash and cash equivalents cash flow statement at beginning of period 126.34
Cash and cash equivalents cash flow statement at end of period 1,570.00


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Equity and liabilities
1 Shareholders' funds
Share capital 1,162.32
Reserves and surplus 10,090.45
Money received against share warrants
Total shareholders' funds 11,252.77
2 Share application money pending allotment 0.00
3 Deferred government grants
4 Minority interest
5 Non-current liabilities
Long-term borrowings 13.29
Deferred tax liabilities (net) 59.50
Foreign currency monetary item translation difference liability account
Other long-term liabilities
1 Other long term liability 33.30
Total of Other long-term liabilities 33.30
Long-term provisions 0.00
Total non-current liabilities 106.09
6 Current liabilities
Short-term borrowings 20.67
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1,084.87
Total Trade payable 1,084.87
Other current liabilities
1 other current liability 76.10
Total of Other long-term liabilities 76.10
Short-term provisions 144.91
Total current liabilities 1,326.55
Total equity and liabilities 12,685.41
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 1,578.40
Producing properties
Intangible assets 54.30
Preproducing properties
Property, Plant and Equipment capital work-in-progress 19.73
Intangible assets under development or work-in-progress
Total Property, Plant and Equipment and Intangible assets 1,652.43
ii Non-current investments 1,174.34
v Deferred tax assets (net)
vi Foreign currency monetary item translation difference asset account
vii Long-term loans and advances 911.48
Other non-current assets
1 other non current assets 70.70
Total of Other non-current assets 70.70
Total non-current assets 3,808.95
Current assets
Current investments 3,125.90
Inventories 0.00
Trade receivables 1,103.51
Cash and cash equivalents 1,570.00
Bank balance other than cash and cash equivalents 2,505.34
Short-term loans and advances 78.07
Other current assets
1 other current assets 493.64
Total of Other current assets 493.64
Total current assets 8,876.46
Total assets 12,685.41
Disclosure of notes on assets and liabilities Textual Information(1)


Text Block

Textual Information(1)


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets
Net Segment Asset
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments




Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 A P Sanzgiri & Co. Yes 31-05-2028


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 22-01-2025
Amount Raised 5,947.24
Report filed for Quarter ended 31-03-2026
Monitoring Agency Applicable
Monitoring Agency Name, if applicable Acuité Ratings and Research Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation false
Comments of the Audit Committee after review No comments
Comments of the auditors, if any No comments
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Augmenting Leadership Team for (a) the Company and (b) its subsidiaries NA 2,553.16 0.00 1,073.85 0.00
2 Capital expenditure towards upgrading the existing IT infrastructure for (a) the Company and (b) its subsidiaries NA 644.64 0.00 163.10 0.00
3 Repayment and/or pre-payment, in full of the borrowing availed by our Company with respect to purchase of office premises NA 542.70 0.00 542.70 0.00
4 General Corporate Purposes NA 1,587.40 0.00 1,331.03 0.00
5 Unidentified Inorganic Acquisitions NA 619.34 0.00 0.00 0.00


Signatory Details

Name of signatory KRISHNAN SUDARSHAN
Designation of person Managing Director
Place MUMBAI
Date 23-04-2026


Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 EMA Partners India Limited EMA Partners Executive Search Private Limited Wholly-Owned Subsidiary Interest received Approved by the Audit Committee of the Company 1,54,931.00 0.00 1,39,438.00
2 EMA Partners India Limited EMAGINE People Technologies Private Limited Wholly-Owned Subsidiary Interest received Approved by the Audit Committee of the Company 88,768.00 0.00 2,15,815.00
3 EMA Partners India Limited EMA Decision Dynamics Private Limited Wholly-Owned Subsidiary Interest received Approved by the Audit Committee of the Company 625.68 0.00 563.11
4 EMA Partners India Limited James Douglas Professional Search India Private Limited Wholly-Owned Subsidiary Interest received Approved by the Audit Committee of the Company 8,63,123.00 0.00 9,21,324.00
5 EMA Partners India Limited Reccloud Technologies Private Limited Step - Down Subsidiary Interest received Approved by the Audit Committee of the Company 21,86,097.71 0.00 35,88,311.00
6 EMA Partners India Limited Manishkumar Dhanuka Former CFO Interest received Approved by the Audit Committee of the Company 0.00 0.00 0.00
7 EMA Partners India Limited EMA Partners Executive Search Private Limited Subsidiary Company Any other transaction Professional Fees 25,00,00,000.00 Approved by the Audit Committee of the Company 10,00,00,000.00 11,00,00,000.00 10,30,00,000.00
8 EMA Partners India Limited James Douglas Professional Search India Private Limited Wholly-Owned Subsidiary Any other transaction Professional Fees 20,00,000.00 Approved by the Audit Committee of the Company 0.00 0.00 0.00
9 EMA Partners India Limited Krishnan Subbaraman Relative of Key Managerial Personnel Any other transaction Professional Fees 24,00,000.00 Approved by the Audit Committee of the Company 7,50,000.00 0.00 0.00
10 EMA Partners India Limited EMA Partners Executive Search Private Limited Wholly-Owned Subsidiary Any other transaction Reimbursement of expenses 1,50,00,000.00 Approved by the Audit Committee of the Company 81,28,241.00 0.00 0.00
11 EMA Partners India Limited EMA Partners Executive Search Limited (Dubai) Wholly-Owned Subsidiary Any other transaction Reimbursement of expenses 90,00,000.00 Approved by the Audit Committee of the Company 11,64,104.00 0.00 0.00
12 EMA Partners India Limited EMA Partners Singapore Pte. Limited Wholly-Owned Subsidiary Any other transaction Reimbursement of expenses 16,00,000.00 Approved by the Audit Committee of the Company (1,98,587.00) 0.00 0.00
13 EMA Partners India Limited James Douglas Professional Search India Private Limited Wholly-Owned Subsidiary Any other transaction Reimbursement of expenses 25,00,000.00 Approved by the Audit Committee of the Company 25,378.00 0.00 27,37,890.00
14 EMA Partners India Limited James Douglas Professional Search Limited (Dubai) Step - Down Subsidiary Any other transaction Reimbursement of expenses 25,00,000.00 Approved by the Audit Committee of the Company 0.00 0.00 0.00
15 EMA Partners India Limited Reccloud Technologies Private Limited Step - Down Subsidiary Any other transaction Reimbursement of expenses 45,00,000.00 Approved by the Audit Committee of the Company 13,76,398.00 0.00 0.00
16 EMA Partners India Limited EMAGINE People Technologies Private Limited Wholly-Owned Subsidiary Any other transaction Reimbursement of expenses 25,00,000.00 Approved by the Audit Committee of the Company 0.00 0.00 0.00
17 EMA Partners India Limited Krishnan Sudarshan Promoter and Managing Director Remuneration Approved by the Audit Committee of the Company 60,00,000.00 0.00 0.00
18 EMA Partners India Limited S Krishnaprakash Promoter and Whole Time Director Remuneration Approved by the Audit Committee of the Company 37,50,000.00 0.00 0.00
19 EMA Partners India Limited Smita Singh Company Secretary (KMP) Remuneration Approved by the Audit Committee of the Company 7,02,000.00 0.00 0.00
20 EMA Partners India Limited Manishkumar Dhanuka Former Chief Financial Officer (KMP) Remuneration Approved by the Audit Committee of the Company 0.00 0.00 0.00
21 EMA Partners India Limited Kushal Parmar Chief Financial Officer (KMP) Remuneration Approved by the Audit Committee of the Company 19,75,002.00 0.00 0.00
22 EMA Partners India Limited Selectema Consulting Private Limited Entity in which Director is a Director and member i.e. Mr. K Sudarshan Any other transaction Rent Expenses 25,00,000.00 Approved by the Audit Committee of the Company 12,95,000.00 0.00 0.00
23 EMA Partners India Limited Mr. Shekhar Ganpathy Non-Executive Director Any other transaction Sitting Fees Approved by the Audit Committee of the Company 0.00 0.00 0.00
24 EMA Partners India Limited Reccloud Technologies Private Limited Step - Down Subsidiary Any other transaction Rental Income 24,00,000.00 Approved by the Audit Committee of the Company 15,00,000.00 0.00 16,20,000.00
25 EMA Partners India Limited James Douglas Professional Search India Private Limited Wholly-Owned Subsidiary Any other transaction Rental Income 40,00,000.00 Approved by the Audit Committee of the Company 36,07,500.00 0.00 0.00
26 EMA Partners India Limited EMA Partners Executive Search Private Limited Wholly-Owned Subsidiary Loan 1,25,00,000.00 Approved by the Audit Committee of the Company 5,00,00,000.00 0.00 0.00
27 EMA Partners India Limited EMAGINE People Technologies Private Limited Wholly-Owned Subsidiary Loan 1,25,00,000.00 Approved by the Audit Committee of the Company 0.00 20,00,000.00 0.00
28 EMA Partners India Limited EMA Decision Dynamics Private Limited Wholly-Owned Subsidiary Loan 1,25,00,000.00 Approved by the Audit Committee of the Company 75,000.00 0.00 75,000.00
29 EMA Partners India Limited EMA Partners Executive Search Limited (Dubai) Wholly-Owned Subsidiary Loan 2,00,00,000.00 Approved by the Audit Committee of the Company 0.00 0.00 0.00
30 EMA Partners India Limited James Douglas Professional Search India Private Limited Wholly-Owned Subsidiary Loan 5,00,00,000.00 Approved by the Audit Committee of the Company 4,90,00,000.00 11.00 2,00,00,000.00
31 EMA Partners India Limited Reccloud Technologies Private Limited Step - Down Subsidiary Loan 7,50,00,000.00 Approved by the Audit Committee of the Company 50,00,000.00 508.17 4,93,17,000.00
32 EMA Partners India Limited EMAGINE People Technologies Private Limited Wholly-Owned Subsidiary Any other transaction Professional fees income 15,00,000.00 Approved by the Audit Committee of the Company 1,00,000.00 0.00 10,80,000.00
Total value of transaction during the reporting period 23,75,43,581.39