The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Elpro International Ltd & PACs
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International Conveyors Ltd has received a disclosure filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011. The disclosure has been made by Elpro International Ltd along with its Persons Acting in Concert (PACs), who are part of the promoter/promoter-group of the company. This regulation requires prompt intimation to the exchange whenever an acquirer or promoter-group entity crosses pre-defined shareholding thresholds (such as 5% in a financial year) through purchase or sale of shares. The specific direction of the transaction (acquisition or disposal) and the quantum of shares involved are not detailed in the headline and would need to be checked in the full filing. Shareholders should review the detailed disclosure on the BSE portal for exact share movement figures.
This is a routine regulatory compliance disclosure by a promoter-group entity. Unless the underlying transaction involves a significant directional move (large acquisition or sale), it is unlikely to materially affect the stock price. Investors should check the full filing to understand whether the promoter group is increasing or reducing its stake in the company.