Elpro International Ltd acquired 3,47,585 equity shares in Greaves Cotton Limited for INR 7.85 Crores on July 3, 2026. The acquisition was made through cash consideration for investment purposes, increasing the company's total holding in the target entity to 8,09,160 equity shares. Prior to this transaction, Elpro International held 4,61,575 equity shares in Greaves Cotton.

The disclosure was submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Deepak Kumar Ajmera, Chief Financial Officer of Elpro International, signed the filing confirming the transaction details.

Greaves Cotton Limited operates in the compressors, pumps, and diesel engines industry. The entity reported a consolidated turnover of INR 3,486.61 Crores for the financial year 2025-26, according to its last audited financials. The company is not a related party transaction, and no governmental or regulatory approvals were required for the acquisition.

Financial Performance of Greaves Cotton

Greaves Cotton has demonstrated consistent revenue growth over the past three financial years. The company's total turnover increased from INR 2,697.95 Crores in FY 2023-24 to INR 2,973.10 Crores in FY 2024-25, and further to INR 3,486.61 Crores in FY 2025-26.

Transaction Details

The acquisition details were outlined in Annexure A of the regulatory filing. The cost of acquisition was explicitly stated as INR 7.85 Crores for the fresh purchase of 3,47,585 shares. The target entity, incorporated on March 29, 1922, has a presence in India and is recognized for its diversified engineering products.

Elpro International Ltd has increased its shareholding in Greaves Cotton Limited through a fresh acquisition of equity shares worth ₹5.00 crore. The company purchased 2,30,360 shares at a cost of INR 5.00 Crores, taking its total holding in the engineering firm to 4,61,575 equity shares. This strategic investment was executed for investment purposes via cash consideration.

Deepak Kumar Ajmera, Chief Financial Officer of Elpro International, confirmed in a filing to BSE Limited that the transaction is not a related party transaction and does not require specific governmental or regulatory approvals. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Greaves Cotton Limited operates in the compressors, pumps, and diesel engines industry. The company, incorporated on March 29, 1922, has transitioned from a single-cylinder diesel engine manufacturer to a fuel-agnostic mobility solutions provider. It reported a consolidated turnover of ₹3,486.61 crore for the financial year 2025-26.

Financial Performance of Greaves Cotton

The acquisition marks an expansion of Elpro International's portfolio in the engineering sector. Greaves Cotton aims to touch a billion lives by 2030 through its digitally integrated ecosystem across the mobility value chain.