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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Elpro International Ltd along with Persons Acting in Concert (PACs), who belong to the promoter group of International Conveyors Ltd, acquired 9,683 equity shares (0.02% of total share capital) through the open market on 10 September 2025. The total promoter group holding increased marginally from 4,43,90,574 shares (70.03%) to 4,44,00,257 shares (70.05%). All shares were acquired by Elpro International Ltd (the listed acquirer), while individual PAC holdings remained unchanged. The total equity share capital of the company is 6,33,79,000 shares of Re. 1 each.
This is a minor incremental purchase by the promoter group, which already holds over 70% of the company, signaling continued promoter confidence but with negligible impact on overall ownership or stock price. No takeover trigger is activated as they remain well above the 25% control threshold.