Delisting5 May 2026, 10:21 pm
Elpro International to Consider Delisting on May 8, 2026
AI Summary
Elpro International Ltd has scheduled a Board of Directors meeting on May 8, 2026, to consider and approve a proposal for the voluntary delisting of the company's equity shares. This decision follows an initial public announcement made on May 1, 2026, by Motilal Oswal Investment Advisors Limited, acting as the manager for the delisting offer on behalf of I GE (India) Private Limited and Zenox Technology Services Private Limited, the acquirers. The board will also review due diligence and audit reports related to the delisting process and seek shareholders' approval as required.
Key Highlights
- Elpro International board to meet on May 8, 2026, to discuss delisting.
- Delisting proposal follows initial announcement on May 1, 2026.
- Board will review due diligence and audit reports.
- Trading window closed from May 6, 2026, until 48 hours after the board meeting.