Elpro International: IGE India Extends Share Pledge for Additional Facility

Elpro International Limited has received a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from IGE (India) Private Limited. The disclosure pertains to the extension of an existing pledge and the creation of other encumbrances over equity shares of Elpro International. These actions are related to additional fund-based and non-fund-based facilities availed by Zenox Technology Services Private Limited. CTL Trusteeship Limited acts as the Security Trustee for Kotak Mahindra Bank Limited. No new shares have been pledged for this additional facility. The disclosure details the extent of encumbrance, which now stands at 58.00% of the total share capital for IGE (India) Private Limited.