Outcome of Board Meeting held on Friday, May 8, 2026.
ELPROINTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
Minute windows have no benchmark: there is no intraday index history to compare against.
The Board of Elpro International Ltd has approved a voluntary delisting proposal where the promoter group entities (I G E (India) Private Limited and Zenox Technology Services Private Limited) along with persons acting in concert (Mr. Surbhit Dabriwala and Mrs. Yamini Dabriwala) intend to acquire the 25% public shareholding and delist the company from BSE. The Acquirers currently hold 75% (12.71 crore shares) of the total paid-up capital of 16.95 crore shares. The fixed delisting price has been set at Rs 181.80 per share, which is 15% above the SEBI-mandated floor price of Rs 158.07 determined using the reference date of May 4, 2026. The proposal is subject to approval by shareholders through a postal ballot special resolution and approvals from BSE (both in-principle and final). The Board reviewed due diligence and share capital audit reports confirming compliance with securities laws.
Shareholders will have the opportunity to exit at Rs 181.80 per share, a 15% premium over the floor price. However, if the delisting fails to achieve minimum acceptance or regulatory approvals, the stock will continue trading on BSE.