Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
ELPROINTL · price
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On the reaction day the stock moved 18.1 pts more than Nifty Microcap 250 and 18.8 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Elpro International Ltd's Board has approved a voluntary delisting proposal where the promoter group (I G E (India) Private Limited and Zenox Technology Services Private Limited along with persons acting in concert) intends to acquire the 25% public shareholding (4,23,70,160 shares) and delist the company from BSE. The floor price is INR 158.07 per share, with the Acquirers proposing a fixed delisting price of INR 181.80 per share (15% above floor price). The Acquirers currently hold 75% of the company's paid-up capital. The proposal is subject to shareholder approval via postal ballot and regulatory clearances from stock exchanges. The Board has certified compliance with applicable securities laws and confirmed the delisting is in shareholders' interest.
Public shareholders will receive INR 181.80 per share if the delisting succeeds, representing a 15% premium over the regulatory floor price. The stock will cease trading on BSE if shareholders approve the proposal and regulatory conditions are met.