Elpro International has acquired 1,00,000 equity shares of Vedanta Aluminium Metal Limited for a cash consideration of ₹4.62 crore. This strategic investment increases the company's total holding in the aluminium producer to 2,20,000 equity shares. The transaction was disclosed to the exchanges on June 18, 2026, under Regulation 30 of the SEBI Listing Regulations.

The acquisition is not classified as a related party transaction, and no approvals from governmental or regulatory bodies were required for its completion. The consideration was paid entirely in cash. Vedanta Aluminium Metal Limited, incorporated on October 6, 2023, operates in the aluminium sector and is described as one of the world's top aluminium producers and India's largest producer of the metal.

Acquisition Details

The following table outlines the key financial and shareholding details of the transaction:

Target Entity Profile

Vedanta Aluminium Metal Limited reported a consolidated turnover of nil for the financial years 2024-25 and 2025-26. The company produced more than half of India's aluminium at 2.42 million tonnes in FY25. Its products cater to critical sectors such as aerospace, defence, transportation, and electricity distribution, as well as sunrise sectors like electric vehicles and renewable energy. The entity maintains its presence exclusively in India.

Elpro International Limited has secured shareholder approval for the voluntary delisting of its equity shares, following a postal ballot process that concluded on June 10, 2026. The resolution was passed with the requisite majority, meeting the regulatory thresholds set by the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021. This outcome allows the company to proceed with removing its shares from stock exchanges.

The voting process, conducted via remote e-voting from May 12 to June 10, 2026, saw participation from 213 shareholders. A total of 15,03,49,492 shares were voted on, representing 88.71% of the total outstanding shares. The special resolution required that votes cast by public shareholders in favour be at least two times the number of votes cast against it, a condition that was successfully met.

Voting Results Summary

The breakdown of the votes indicates strong support across all shareholder categories. Promoters cast 100% of their held shares in favour of the resolution, while public institutions and non-institutions also voted overwhelmingly in favour.

Public Shareholder Approval

Specific scrutiny of the public shareholder votes confirmed compliance with Regulation 11(4) of the Delisting Regulations. Of the 2,32,40,522 valid votes cast by public shareholders, 2,29,64,545 were in favour, representing 98.81% of the public votes. The 2,75,977 votes against constituted 1.19% of the public votes. The votes in favour were more than double the votes against, satisfying the regulatory requirement for the delisting to proceed.

Jayshree A. Lalpuria, Practicing Company Secretary, served as the Scrutinizer for the postal ballot process. The e-voting platform was unblocked for counting in the presence of independent witnesses. The results have been submitted to BSE Limited and will be available on the company's website and the NSDL e-voting portal.