Promoter IGE India pledges 58 percent of Elpro shares as debenture collateral

Pledge Above 50pctOwnership Changes View source PDF

ELPROINTL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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+0.6%1-day move

₹171.00

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₹170.80

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AI summary

Promoter IGE (India) Pvt Ltd created a pledge on 9.83 crore shares of Elpro International (58 percent of total share capital) on June 17 2026, as collateral for debentures worth INR 420 crore (INR 120 crore from IGE and INR 300 crore from Zenox Technology Services). R.C.A. Limited added another 6.85 percent encumbrance. Promoters hold 75 percent of Elpro with 74.73 percent now encumbered. Debenture proceeds will part finance further acquisition of Elpro shares and cover delisting expenses.

Likely market impact

Promoter is leveraging its stake to fund more buying and a possible delisting of Elpro. With 74.73 percent encumbered, default risk rises if shares fall.