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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Awaiting price reaction for this filing.
Elpro International Limited, part of the promoter and promoter group of International Conveyors Limited, purchased 33,688 equity shares through the open market on June 13, 2025. This small buy raised the combined promoter group holding from 69.36% (4,39,58,497 shares) to 69.41% (4,39,92,185 shares), an increase of 0.05%. The acquisition was made under Regulation 29(2) of SEBI's Takeover Regulations, and only Elpro International's own holding changed — holdings of other PACs like I.G.E. (India) Pvt Ltd, Surbhit Dabriwala, and others remained unchanged. Total equity share capital of the company stands at 6,33,79,000 shares of Re. 1 each.
This is a minor promoter-group purchase and is not material to the share price. It signals continued promoter confidence in the company but does not change control, since the promoter group already holds well above two-thirds of the company.