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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On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.5 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Elpro International Ltd, part of the promoter and promoter group of International Conveyors Ltd, bought 30,000 equity shares of the company through the open market on June 20, 2025. Before this purchase, the promoter group together held 4,42,38,312 shares (69.80% of the company). After the purchase, their combined holding has gone up slightly to 4,42,68,312 shares, which is 69.85% of the total equity. This is a small, incremental increase of just 0.05%, filed under SEBI's takeover rules because the promoter group continues to hold more than 5% of the company. The filing is signed by Rushabh Ajmera, Company Secretary of Elpro International Ltd.
This is a tiny, routine top-up purchase by the existing promoter group and is unlikely to materially affect the stock price. It signals promoter confidence in the company, but the change in ownership is too small to change control or liquidity meaningfully for retail shareholders.