Elpro International passes all AGM resolutions, delisting update noted
- Elpro International passed all resolutions at its 63rd AGM held on September 30, 2026
- Promoter group cast 52.94% of total votes polled during the voting process
- Resolutions included adoption of FY26 financials and director re-appointment
- Company provided updates on voluntary delisting from CSE and BSE
*this image is generated using AI for illustrative purposes only.
Elpro International Limited passed all resolutions at its 63rd Annual General Meeting (AGM) held on September 30, 2026, in Mumbai. The meeting covered the adoption of FY26 financial statements and provided updates on the ongoing voluntary delisting process.
The proceedings commenced at 9:00 am at the National Sports Club of India. Due to the absence of Chairman and Managing Director Deepak Kumar, Independent Director K. R. Anil Kumar was elected as Chairman under Article 66 of the Articles of Association. The requisite quorum was present, allowing statutory formalities to proceed smoothly.
Voting Results and Resolution Details
Members approved two ordinary resolutions via remote e-voting and physical ballot. The first resolution concerned the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. The second addressed the re-appointment of Sunil Khandelwal, who retired by rotation and offered himself for re-election.
The scrutinizer’s report confirmed that all resolutions were passed with the requisite majority. The promoter group cast 8,34,55,932 votes, representing 52.94% of the total votes polled on outstanding shares. Public non-institutional shareholders cast 15,26,050 votes, representing 12.92% of the total.
| Resolution | Total Votes Polled | Votes in Favour | % in Favour | Status |
|---|---|---|---|---|
| Adoption of Financial Statements | 8,49,81,982 | 8,49,81,934 | 99.9999% | Passed |
| Re-appointment of Director | 8,49,81,982 | 8,49,80,434 | 99.9982% | Passed |
Delisting Update and Financial Review
A significant portion of the Chairman's address focused on the status of the voluntary delisting of equity shares from The Calcutta Stock Exchange Limited (CSE) and BSE Limited. This update provides shareholders with clarity on the company's listing structure moving forward.
The auditors' reports for FY26 did not contain any adverse remarks, qualifications, reservations, or disclaimers. The Board Report and financial statements were taken as read, following standard procedural norms. Members raised queries regarding the general working of the company, which were noted and responded to by the management.
Conclusion of Proceedings
The combined results of the remote e-voting and the physical poll were announced on October 3, 2026. These results are accessible on the company's website and relevant stock exchange platforms. The meeting concluded at 9:20 am with a vote of thanks delivered by the Company Secretary.
Historical Stock Returns for Elpro International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.19% | +0.30% | -0.30% | +70.27% | +70.27% | +70.27% |
What is the expected timeline for the completion of the voluntary delisting from CSE and BSE, and how will this impact liquidity for remaining public shareholders?
How might the promoter group's 52.94% voting dominance influence future strategic decisions or capital structure changes following the AGM?
What are the potential implications of Elpro International's transition to an unlisted entity on its ability to raise debt or equity capital in the future?
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