Receipt of Initial Public Announcement dated May 1, 2026 under SEBI (Delisting of Equity Shares) Regulations, 2021, in relation to the proposal to voluntarily delist the fully paid-up equity ....
ELPROINTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Elpro International Ltd's promoter group (I G E India Private Limited and Zenox Technology Services Private Limited) along with promoters Surbhit Dabriwala and Yamini Dabriwala have announced their intention to voluntarily delist the company's equity shares from BSE. The acquirers currently hold 75% of the company (12.71 crore shares), with public shareholders holding the remaining 25% (4.23 crore shares). The offer aims to acquire all public shares and take the company private. The delisting will use a fixed price process, with the floor price to be determined as per SEBI regulations. Key conditions include shareholder approval via special resolution (requiring 2:1 votes in favor from public shareholders), board approval, and due diligence.
Public shareholders will get an opportunity to exit at a price determined under SEBI regulations, potentially providing immediate liquidity. However, shareholders should carefully evaluate the offer price against market value before deciding to tender shares, as delisting would eliminate future trading opportunities on BSE.