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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Elpro International Limited and persons acting in concert (PACs), who belong to the promoter group of International Conveyors Ltd, acquired 41,053 equity shares through the open market on June 9, 2025. The promoter's aggregate holding increased from 4,38,18,225 shares (69.14%) to 4,38,59,278 shares (69.20%) of the company's equity share capital of 6,33,79,000 shares. The acquisition was a small incremental buy (0.06% increase) by the existing promoter group, not a new entity. The disclosure was filed under SEBI's takeover regulations to report the change in substantial shareholding.
This is a routine small open-market purchase by the existing promoter group, signalling continued promoter confidence in the company. The stake increase is marginal (0.06%) and unlikely to materially affect the stock price, but reinforces the promoter's dominant 69.20% control.