IGE India pledges extra 3.53% Elpro Intl shares as debenture collateral

Promoter pledge above 50%Ownership Changes View source PDF Explain this filing

ELPROINTL · price

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Price reactionminutes from the announcement price · days from the prior close

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₹172.00

prior close

₹172.30

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+0.6% vs market

Residential Commercial Projects peers, median of 65sector-0.6%+0.6% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 0.6 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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Next day

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 65Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Promoter IGE (India) Pvt Ltd has created a pledge over 59,86,273 additional shares (3.53%) of Elpro International on June 22, 2026. The pledge serves as collateral for debenture issuance by the company or group companies, with CTL Trusteeship acting as debenture trustee. Post-pledge, encumbered promoter shares total 65.00% of share capital. IGE India continues to hold 67.88% in the company overall.

Likely market impact

Extra pledge as debenture collateral raises promoter leverage. Encumbered shares now 65% of capital, leaving limited unpledged buffer.