Key Dates

  • Delisting Offer Period: August 4, 2026 (Tuesday) to August 10, 2026 (Monday)
  • Closing: End of market hours on August 10, 2026

Parties Involved

  • Target Company: Elpro International Limited (Scrip Code: 504000)
  • Stock Exchange: BSE Limited
  • Registrar to the Delisting Offer: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Manager to the Delisting Offer: Motilal Oswal Investment Advisors Limited
  • Acquirers: I G E (India) Private Limited and Zenox Technology Services Private Limited (formerly known as Zenox Trading and Manufacturing Private Limited)

Pricing Details

  • Floor Price: ₹158.07 per equity share
  • Fixed Delisting Price: ₹181.80 per equity share
  • Delisting Offer Size: 4,23,70,160 equity shares

Shareholding Structure and Tender Results

  • Total Issued Equity Shares: 16,94,79,130
  • Shares transferred to Investor Education and Protection Fund: 5,06,760
  • Shares held by inactive shareholders/vanishing companies: 3,000
  • Remaining shares (excluding specified categories): 16,89,69,370
  • Minimum shares required for successful delisting (90% of remaining shares): 15,20,72,433

Pre-Offer Shareholding

  • Promoter and Promoter Group Holding: 12,71,08,970 shares (75.00% of total issued equity shares, 75.23% of remaining shares)

Tender Results

  • Total Equity Shares Successfully Tendered: 3,05,45,122 shares
  • Number of Successful Bids: 745 bids at fixed delisting price of ₹181.80 per share
  • Percentage of Total Issued Equity: 18.02%
  • Percentage of Remaining Shares: 18.08%

Post-Offer Shareholding

  • Promoter and Promoter Group Holding: 15,76,54,092 shares (93.02% of total issued equity shares, 93.30% of remaining shares)

Physical Share Tenders

  • 2 shareholders tendered 21,060 equity shares in physical form
  • Required documents were not submitted to the Registrar by the tendering closing date (August 10, 2026) by 5 p.m. IST

Outcome Declaration

The delisting offer is successful as the post-offer shareholding of acquirers along with other promoter and promoter group has exceeded 90% of the total number of issued equity shares (excluding shares as provided under Regulation 21(a) of Delisting Regulations).

Next Steps

  • Acquirers will make payment to all successful shareholders in accordance with Regulation 24 and other applicable provisions of Delisting Regulations, SEBI Circulars, and settlement calendar of Indian Clearing Corporation Limited
  • Post-offer public announcement disclosing the success will be made in the same newspapers where the detailed public announcement dated July 25, 2026 (published July 27, 2026) was made, as per Regulation 17(4) of Delisting Regulations