Pursuant to the provisions of Regulation 30 of the SEBI Listing Regulations, as amended, we enclosed herewith a copy of Notice of Postal Ballot, seeking approval of the Members of the Company, ....
ELPROINTL · price
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Elpro International is seeking shareholder approval through a postal ballot (e-voting) to enter into material related party transactions involving interest-bearing inter-corporate deposits (ICDs), loans, guarantees, or security, totaling up to Rs. 355 Crores across four related parties: IGE (India) Private Limited (Rs. 100 Cr), International Conveyors Limited (Rs. 50 Cr), R.C.A. Limited (Rs. 125 Cr), and Dabri Properties & Trading Company Private Limited (Rs. 80 Cr). All four parties are either promoter companies or an associate company, with IGE holding a 67.88% stake in Elpro. The value exceeds 10% of the company's consolidated turnover, triggering the need for an ordinary resolution under SEBI Listing Regulation 23(4). The Board and Audit Committee approved the proposal on September 30, 2025, revisiting an earlier longer-term framework from August 2025 after stakeholder feedback on commercial terms.
This is a governance measure requiring shareholder consent for fund deployment to promoter-group entities. Promoter and promoter group shareholders will not be eligible to vote on this resolution, so the outcome depends on public and institutional shareholders. Approval allows the company to lend or guarantee funds to related parties over the next one year; rejection or concern from minority shareholders could delay or restrict these intra-group fund flows.