Elin Electronics Limited — Important, 11-03-2025: Updates

Elin Appliances Pvt Ltd, a wholly owned subsidiary of Elin Electronics Limited, has disposed of 7,79,000 equity shares of Elin Electronics, accounting for approximately 1.57% of the company's total equity. The shares were sold for around INR 9.20 crores through the stock exchange, with the transaction occurring at prevailing market prices. This move was absorbed by promoters and their immediate relatives, demonstrating their confidence in the company's future prospects. Consequently, both Elin Appliances and Elin Electronics will see an increase in cash reserves, contributing to a more streamlined shareholding structure. Proper disclosures have been submitted to the relevant stock exchanges within the stipulated time frame.