Delisting8 May 2026, 05:01 pm
Elpro Board Approves Delisting Proposal at ₹158.07 Floor Price
AI Summary
Elpro International Ltd's board approved a delisting proposal from its promoters, I GE (India) Private Limited and Zenox Technology Services Private Limited, along with Mr. Surbhit Dabriwala and Mrs. Yamini Dabriwala. The decision, made during a board meeting on May 8, 2026, is subject to shareholder and stock exchange approvals. The floor price for the delisting is set at ₹158.07 per equity share, with May 4, 2026, as the reference date. The board also reviewed due diligence and share capital audit reports, certifying compliance with securities laws and deeming the delisting proposal in the shareholders' interest.
Key Highlights
- Elpro board approves delisting proposal subject to shareholder and exchange approvals.
- Delisting floor price set at ₹158.07 per equity share.
- Board reviewed due diligence and share capital audit reports.
- Promoters intend to acquire all equity shares from public shareholders.
- Board certified compliance with securities laws and shareholder interest.