
Elpro International: Promoter pledges 59.86 lakh shares
Elpro International Limited has disclosed the creation of a pledge over 59,86,273 equity shares, representing 3.53% of the total share capital. This action was undertaken by IGE (India) Private Limited, a promoter group entity, on June 22, 2026. The pledge was created as collateral for the issuance of debentures by the company or its group companies. The shares are pledged in favour of CTL Trusteeship Limited, acting as Debenture Trustee on behalf of Debenture Holders, who will hold approximately 65.00% of the total share capital post-encumbrance. The disclosure was made to the stock exchanges on June 24, 2026, in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Promoter IGE (India) Pvt Ltd pledged 59.86 lakh shares.
- Pledge represents 3.53% of Elpro International's total share capital.
- Shares pledged as collateral for debenture issuance.
- Pledge is in favour of CTL Trusteeship Limited.
- Disclosure made as per SEBI Takeover Regulations.
Price Impact
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