Elpro International promoter releases 7% stake pledge

Elpro International Limited promoter IGE (India) Private Limited released a pledge over 1,18,63,539 equity shares, representing 7.00% of the total share capital, on June 23, 2026. This release reduces the entity's total encumbered holding to 58.00% of the company, down from 65.00%, easing the collateral obligations previously secured against debenture issuances.

The disclosure was submitted to BSE Limited on June 24, 2026, by Arpit Tapadia, Director of IGE (India) Private Limited, in compliance with Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The shares were previously pledged in favour of CTL Trusteeship Limited, acting as the Debenture Trustee on behalf of debenture holders.

Breakdown of Holdings

The release of pledge involves IGE (India) Private Limited, which held 11,01,61,433 shares as encumbered prior to this transaction. Following the release, the entity's encumbered holdings stand at 9,82,97,894 shares. Other promoter group members, including R.C.A. Limited, Yamini Dabriwala, and Surbhit Dabriwala, reported no changes to their encumbrance status.

Promoter	Total Shares Held	Pre-Release Encumbered Shares	Release of Pledge	Post-Release Encumbered Shares
IGE (India) Private Limited	11,50,46,326	11,01,61,433 (65.00%)	1,18,63,539	9,82,97,894 (58.00%)
R.C.A. Limited	1,16,08,548	-	-	-

Regulatory Compliance

The filing confirms that the reason for the release is the satisfaction of the previous obligations related to the issuance of debentures by the company or its group companies. CTL Trusteeship Limited clarified that it does not belong to the promoter or promoter group of the target company. The total equity share capital of Elpro International Limited stands at ₹16,94,79,130, divided into 16,94,79,130 equity shares of ₹1 each.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.02%	+0.79%	+4.34%	+69.76%	+69.76%	+69.76%

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:

Particulars:	Details
Target Entity	Vedanta Aluminium Metal Limited
Cost of Acquisition	₹4.62 Crore
Nature of Consideration	Cash
Fresh Acquisition	1,00,000 Equity Shares
Previous Holding	1,20,000 Equity Shares
Total Holding Post-Acquisition	2,20,000 Equity Shares

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.