IGE (India) Private Limited has extended the pledge over 8,64,34,355 equity shares of Elpro International Limited , representing 51% of the share capital, to secure an additional rupee term loan facility. The extension was executed in favour of CTL Trusteeship Limited, acting as the Security Trustee for the lender Kotak Mahindra Bank Limited, on July 11, 2026. The facility, amounting to INR 4,98,00,00,000, has been availed by Zenox Technology Services Private Limited and will be used for part-financing the acquisition of equity shares of the company and related expenses.

The disclosure, submitted to BSE Limited on July 14, 2026, confirms that no additional equity shares of the target company were pledged for this Additional Facility. The extension follows a Deed of Confirmation dated July 11, 2026, to the Unattested Share Pledge Agreement dated June 17, 2026. The total value of the pledged shares on the date of the agreement was INR 15,06,11,86,358.75, resulting in a security cover ratio of 3.02.

In addition to the pledge, IGE (India) Private Limited and other promoter group members have created other encumbrances over 12,71,08,893 shares, representing 75.00% of the total share capital. These encumbrances arise from contractual covenants in the Facility Agreement and Deed of Corporate Guarantee dated July 11, 2026, which may fall within the definition of encumbrance under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The total value of these shares was INR 22,14,87,24,605.25 against the facility amount of INR 498,00,00,000, yielding a ratio of 4.45.

Furthermore, IGE (India) Private Limited provided a non-disposal undertaking for 1,67,48,431 equity shares, or 9.88% of the share capital, in favour of CTL Trusteeship Limited. This undertaking was given pursuant to the debenture trust deed dated June 17, 2026, and the deed of confirmation dated July 11, 2026. The value of these shares was recorded at INR 2,91,84,14,101.75. The total promoter holding in the company stands at 12,71,08,970 shares, or 75.00% of the total share capital.

The following table summarizes the encumbrance details disclosed pursuant to Regulation 31 of the Takeover Regulations:

The disclosures were signed by Arpit Tapadia, Director of IGE (India) Private Limited, on July 14, 2026.

Elpro International has voluntarily delisted its equity shares from the Calcutta Stock Exchange (CSE) effective July 10, 2026. The delisting was granted by CSE via Notice No. CSE/LD/DL/18147/2026 dated July 9, 2026, and was conducted in compliance with the SEBI (Delisting of Equity Shares) Regulations, 2021. Consequently, the company's shares have been removed from the official list of the CSE from the specified date.

The company submitted an intimation to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication confirmed that the delisting applies exclusively to the CSE, with no impact on its listing status on other stock exchanges.

Delisting Details

The following table outlines the specific details of the delisting as provided by the Calcutta Stock Exchange:

The regulatory approval marks the final step in the voluntary delisting process, which was initiated to streamline the company's market presence. The notice from CSE confirmed that the delisting was consequent upon the approval of the voluntary delisting request by the exchange under the relevant SEBI regulations.