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 and promoter group of International Conveyors Ltd, purchased 56,976 equity shares through the open market on June 18, 2025. This raised the combined promoter group holding from 4,41,19,632 shares (69.61%) to 4,41,76,608 shares (69.70%) of the company. The acquisition was carried out by Elpro International Ltd along with Persons Acting in Concert (PACs) such as IGE (India) Pvt Ltd, Surbhit Dabriwala, Yamini Dabriwala, Sujata Saraf, Ritu Dalmia, Smiti Somany, Pushpa Bagla, R.C.A. Ltd, and Dabri Properties & Trading Company Pvt Ltd. The filing was made under Regulation 29(2) of SEBI's SAST Regulations, 2011, which is mandatory disclosure for promoter share acquisitions. The acquisition represents a minor incremental buy of about 0.09% of the company's equity capital.
This is a small, confidence-building open-market purchase by the promoter group, signalling continued promoter belief in the company. With promoter holding already strong at ~69.70%, the stock impact is likely neutral to mildly positive; it does not indicate any major change in control or significant capital infusion.