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, part of the promoter/promoter group of International Conveyors Ltd, purchased 70,580 equity shares through the open market on June 16, 2025. This increased the promoter group's combined holding from 4,39,92,185 shares (69.41%) to 4,40,62,765 shares (69.52%) of the company's equity capital. The disclosure was filed under SEBI Regulation 29(2) of the Takeover Regulations, which mandates reporting of creeping acquisitions by entities already holding 25% or more. Only Elpro International Ltd's individual holding changed (from 5,13,491 to 5,84,071 shares); all other PACs' holdings remained unchanged.
This is a small, routine open-market purchase by the promoter group (just 0.11% increase) showing continued promoter confidence, with no significant impact on stock price or shareholding pattern expected.