Elpro International shareholders approve voluntary delisting

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.

Category	Shares Held	Votes Polled	Votes in Favour	Votes Against	% Favour on Polled
Promoter and Promoter Group	12,71,08,970	12,71,08,970	12,71,08,970	0	100.00%
Public Institutions	1,21,22,726	99,86,141	99,86,141	0	100.00%
Public Non Institutions	3,02,47,434	1,32,54,381	1,29,78,404	2,75,977	97.92%
Total	16,94,79,130	15,03,49,492	15,00,73,515	2,75,977	99.82%

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.26%	+0.55%	+2.12%	+64.69%	+64.69%	+64.69%

Elpro International has acquired 92,000 equity shares in Jana Small Finance Bank for a cash consideration of ₹4.48 Crores. The transaction was completed on June 2, 2026, as part of the company's investment strategy. This acquisition marks a fresh holding, as Elpro International did not hold any shares in the target entity prior to this purchase.

The disclosure was made to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirmed that the acquisition is not a related party transaction and that no governmental or regulatory approvals were required for the completion of the deal. The consideration was paid entirely in cash. The acquisition was signed off by Rushabh Ajmera, Company Secretary of Elpro International.

About Jana Small Finance Bank

Jana Small Finance Bank, incorporated on July 24, 2006, operates in the banking and financial services sector. It is recognised as the fourth largest Small Finance Bank in terms of assets under management (AUM) and deposit size. The bank serves nearly 12 million customers, including 4.87 million active customers, and operates exclusively in India.

Financial Performance of Jana Small Finance Bank

The target entity reported a standalone turnover of ₹6,374.77 Crores for the financial year 2025-26, comprising interest earned of ₹5,352.87 Crores and other income of ₹1,021.90 Crores. The bank has demonstrated consistent growth over the past three financial years, as detailed in the table below:

Particulars:	Amount (in Crores)
FY 2025-26 – Interest Earned	5,352.87
FY 2025-26 – Other Income	1,021.90
FY 2025-26 – Total	6,374.77
FY 2024-25 – Interest Earned	4,671.31
FY 2024-25 – Other Income	775.86
FY 2024-25 – Total	5,447.17
FY 2023-24 – Interest Earned	4,013.81
FY 2023-24 – Other Income	670.24
FY 2023-24 – Total	4,684.05