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.
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.