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 1.2 pts more than Nifty Microcap 250 and 1.2 pts more 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 along with persons acting in concert (PACs) acquired 11,263 equity shares of International Conveyors Ltd through the open market on September 8, 2025. The promoter group's combined holding increased marginally from 4,43,70,188 shares (70.00%) to 4,43,81,451 shares (70.02%). Elpro International's own direct stake rose from 8,91,494 shares (1.40%) to 9,02,757 shares (1.42%), while other PACs' holdings remained unchanged. This is a routine disclosure filed under SEBI takeover regulations for any promoter group acquisition, even small ones.
The increase in promoter holding is very small (just 0.02%), so it is unlikely to materially affect the stock price. However, it signals continued promoter confidence in the company and reinforces their already dominant control at over 70%.