Postal Ballot Notice - Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
ELPROINTL · price
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Elpro International Ltd's promoter group (I G E (India) Private Limited and Zenox Technology Services Private Limited, along with PACs Surbhit Dabriwala and Yamini Dabriwala) is seeking shareholder approval via postal ballot to voluntarily delist the company's equity shares. The offer price is fixed at INR 181.80 per share, which is 15% above the regulatory floor price of INR 158.07, certified by an independent valuer. As of the filing date, promoters hold 75% (12.71 crore shares) while public shareholders hold 25% (4.24 crore shares). The Board approved the proposal on May 8, 2026. Voting runs from May 12 to June 10, 2026, and requires public shareholder support at a 2:1 ratio in favour. The promoters argue the delisting will reduce compliance costs, provide operational flexibility, and offer public shareholders immediate liquidity at a premium.
If approved, the company will be delisted from BSE after acquiring all public shares at INR 181.80, giving remaining public shareholders a guaranteed exit at a 15% premium to floor price. Shareholders should carefully evaluate whether the offer adequately compensates for loss of liquidity post-delisting.