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

Elpro International Limited's key promoters updated their share encumbrance details, revealing that 12,71,08,893 shares, representing 75.00% of the company's total share capital, are now encumbered. This means almost all (99.99%) of the promoter's stake is pledged or under other encumbrances. These arrangements secure additional term loans for Zenox Technology Services Private Limited from Kotak Mahindra Bank and act as collateral for debenture issuances by group companies through DSP Finance Private Limited. This significant proportion of encumbered promoter shares highlights their use as security for group company financing needs.