The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Elpro International Ltd & PACs
INTLCONV · price
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Awaiting price reaction for this filing.
Elpro International Limited, part of the promoter and promoter group of International Conveyors Limited, bought 35,426 equity shares through the open market on March 27, 2025. This nudges the combined promoter group holding from 4,37,82,799 shares (69.08%) to 4,38,18,225 shares (69.14%) of the company's equity capital of 6,33,79,000 shares. The disclosure also lists several PACs including I.G.E. (India) Pvt Ltd, Surbhit Dabriwala, Yamini Dabriwala, Sujata Saraf, Ritu Dalmia, Smiti Somany, Pushpa Bagla, R.C.A. Limited and Dabri Properties & Trading Company. The acquirer belongs to the promoter/promoter group category and the shares are listed on both BSE (Scrip Code 509709) and NSE (Symbol INTLCONV). The change in holding is small — just 0.06 percentage points — indicating a minor top-up rather than a major stake change.
This is a small promoter-group top-up and is largely a sign of promoter confidence in the company, but the change is too minor (0.06%) to materially affect share price or shareholder interests. No takeover trigger or control change is implied since the promoter group already holds over 69%.