Elpro International Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Elpro International's promoter, IGE (India) Private Limited, has extended the existing pledge on 8.64 crore equity shares (51% of Elpro's capital) and created additional encumbrances, including a non-disposal undertaking on 1.67 crore shares (9.88% of capital). These actions secure new funding of 498 Crore for Zenox Technology Services Private Limited. The funds will help Zenox part-finance the acquisition of Elpro's shares. Importantly, no new shares were pledged for this additional facility, and the agreement includes covenants to prevent dilution of individual promoter shareholding. This move impacts the promoter's financial flexibility.