Promoters of Elpro International Limited have pledged 12.66 crore equity shares, representing 74.73% of the company's total share capital, to secure debt instruments. The encumbrance was created in favour of CTL Trusteeship Limited, acting as the Debenture Trustee for debenture holders, pursuant to a share pledge agreement dated June 17, 2026.

The pledge covers shares held by I G E (India) Private Limited and R. C. A Limited, identified as members of the promoter group. The security is backing Unlisted Secured Non-Convertible Debentures aggregating to ₹300 crore issued by Zenox Technology Services Private Limited. The disclosure was made to BSE Limited on June 19, 2026, in compliance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Breakdown of Pledged Shares

The total encumbrance of 12,66,54,874 equity shares constitutes 74.73% of the total paid-up share capital of Elpro International Limited. The company's equity share capital stands at ₹16,94,79,130, comprising 16,94,79,130 equity shares with a face value of ₹1 each.

CTL Trusteeship Limited clarified that it does not belong to the promoter or promoter group of the target company. The acquisition of these shares by way of encumbrance was executed on June 17, 2026. The total diluted share capital of the target company remains unchanged at 16,94,79,130 equity shares.

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.