Elpro International Limited has disclosed the results of a postal ballot process conducted to seek shareholder approval for the voluntary delisting of the company's equity shares. The disclosure is made pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 11 of the SEBI (Delisting of Equity Shares) Regulations, 2021.

The postal ballot notice was dispatched to members on May 11, 2026, following a board resolution dated May 8, 2026. The company published an advertisement in the Financial Express and Mumbai Lakshadweep on May 12, 2026, informing members about the dispatch of the postal ballot notice.

The remote e-voting period was open from 9:00 AM IST on Tuesday, May 12, 2026, until 5:00 PM IST on Wednesday, June 10, 2026. The e-voting platform was unblocked for vote counting on June 10, 2026, at 5:34 PM in the presence of two witnesses: Mr. Meet Soni and Ms. Priyanka Sharma.

Voting Results

Overall Shareholder Voting (All Categories):

  • Total remote e-voting confirmations received: 213
  • Total shares on which votes were cast: 150,349,492
  • Invalid remote e-voting confirmations: 0
  • Net valid remote e-voting confirmations: 213 (150,349,492 shares)
  • Votes in favor of the resolution: 147 confirmations (150,073,515 shares | 99.82%)
  • Votes against the resolution: 66 confirmations (275,977 shares | 0.18%)

Public Shareholder Voting (Required by SEBI Delisting Regulations):

  • Total remote e-voting confirmations received: 201
  • Total shares on which votes were cast: 23,240,522
  • Invalid remote e-voting confirmations: 0
  • Net valid remote e-voting confirmations: 201 (23,240,522 shares)
  • Votes in favor of the resolution: 135 confirmations (22,964,545 shares | 98.81%)
  • Votes against the resolution: 66 confirmations (275,977 shares | 1.19%)

Scrutinizer's Report

Jayshree A. Lalpuria, Practicing Company Secretary (ACS 17629; CP 7109), was appointed as the scrutinizer for the postal ballot process. The scrutinizer confirmed that:

1. The voting process was conducted in a fair and transparent manner

2. The resolution was approved by the requisite majority of shareholders

3. The votes cast by public shareholders in favor (98.81%) were more than two times the votes cast against (1.19%), satisfying Regulation 11(4) of the SEBI Delisting Regulations

4. The overall votes in favor (99.82%) significantly exceeded those against (0.18%)

The scrutinizer's report dated June 11, 2026, confirms that the special resolution for voluntary delisting has been duly approved under the Companies Act, 2013 and SEBI Delisting Regulations.

The company will make the voting results and scrutinizer's report available on its website (www.elpro.co.in) and on the NSDL website (www.evoting.nsdl.com).