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 Limited, part of the promoter/promoter group of International Conveyors Ltd, purchased 56,867 equity shares in the open market on June 17, 2025. This increased the promoter group's combined holding from 4,40,62,765 shares (69.52%) to 4,41,19,632 shares (69.61%), a marginal rise of 0.09%. Only Elpro International Ltd's individual holding changed — from 5,84,071 shares to 6,40,938 shares; other PACs' holdings remained unchanged. The disclosure was filed under SEBI's Takeover Regulations (Reg. 29(2)) by the acquirer on June 18, 2025.
This is a small open-market purchase by the promoter group, signalling continued promoter confidence in the company. The increase in stake is minimal (0.09%) and is unlikely to materially impact the stock price, but reinforces that promoters are willing to buy at current levels.