BSECompany Update21 Aug 2026 · 21 Aug 2026, 04:03 pm
Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Elpro International Ltd · 504000
✦ AI SummaryM&A
Elpro International Ltd has acquired 100% of Quest Academy Limited, a real estate company, for INR 186.12 Crores.
Analysis Scores
Earnings Impact2/10
Growth Catalyst4/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Elpro International Ltd - 504000 - Announcement under Regulation 30 (LODR)-Acquisition
Attachments (1)
📄pdf
Download →
d5c9da92-92af-4559-bdb0-c084f63b9061.pdf
View document text
Elpro International Ltd
17th Floor, Nirmal, Nariman Point
Mumbai 400 021, India
T +91 22 2202 3075, +91 22 4029 9000
F +91 22 2202 7995
CIN: L51505MH1962PLC012425
August 21, 2026
BSE Limited
Phiroze Jeejeebhoy
Towers Dalal Street
Mumbai -400 001
Dear Sir/ Ma'am,
Subject: Intimation under Regulation 30 of the Securities and Exchange Board oflndia (Listing Obligations
and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")
Pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform you that Elpro Realty Private
Limited (Formerly known as Faridabad Management Private Limited), a wholly owned Subsidiary of Elpro
International Limited ("the Company") has acquired equity shares of "Quest Academy Limited". The details
pursuant to Regulation 30 of the SEBI Listing Regulations read with Para A of Part A of Schedule III of the SEBI
Listing Regulations is attached as "Annexure A".
This is for your information and record.
Thanking you,
For Elpro International Limited
Rushabh Digitally signed
by Rushabh
Rajen Rajen Ajmera
Date: 2026.08.21
Ajmera 15:16:47 +05'30'
Rushabh Ajmera
Company Secretary
Encl. as above
Chinchwadgaon, Pune 411 033, India
T +91 20 2735 2961, F +91 20 2735 3037
Visit us at : www.elpro.co.in
Elpro International Ltd
17th Floor, Nirmal, Nariman Point
Mumbai 400 021, India
T +91 22 2202 3075, +91 22 4029 9000
F +91 22 2202 7995
CIN: L51505MH1962PLC012425
AnnexureA
Sr. Particulars Details
1. Name of the target entity, details in brief such as Name of the target entity:
size, turnover etc.:
Quest Academy Limited ("Quest"). Quest is a Company incorporated
under the provisions of Companies Act, 1956 having Corporate
Identification Number (CIN) as U70100MH1995PLC089149 and
Registered Office situated at Devidas Mansion, 3rd Floor, Mereweather
Road, Colaba, Mumbai-400001
Turnover as per last audited financials (FY 2025-26):
Particulars Amount
(in Crores)
Revenue from Operations Nil
Other income Nil
Total Nil
Net Worth as per last audited financials (FY 2025-26):
Rs. 2.90 Crores
2. Whether the acquisition would fall within related No
party transaction(s) and whether the promoter/
promoter group/ group companies have any
interest in the entity being acquired? If yes, nature
of interest and details thereof and whether the same
is done at "arms-length":
3. Industry to which the entity being acquired Real estate activities
belongs:
4. Objects and effects of acquisition (including but Pursuant to the acquisition, Quest will become a wholly owned
not limited to, disclosure of reasons for acquisition subsidiary of Elpro Realty Private Limited (Formerly known as
of target entity, if its business is outside the main Faridabad Management Private Limited)
line of business of the listed entity):
5. Brief details of any governmental or regulatory N.A.
approvals required for the acquisition:
6. Indicative time period for completion of the N.A.
acquisition:
7. Nature of consideration -whether cash Cash consideration
consideration or share swap and details of the
same:
Chinchwadgaon, Pune 411 033, India
T +91 20 2735 2961, F +91 20 2735 3037
Visit us at : www.elpro.co.in
Elpro International Ltd
17th Floor, Nirmal, Nariman Point
Mumbai 400 021, India
T +91 22 2202 3075, +91 22 4029 9000
F +91 22 2202 7995
CIN: L51505MH1962PLC012425
8. Cost of acquisition or the price at which the shares INR 186.12 Crores
are acquired:
9. Percentage of shareholding / control acquired Fresh Acquisition: 33,00,000 Equity Shares representing 100% of the
and/or number of shares acquired: total share capital of Quest
(Previous Holding: Nil Equity Shares)
(Total Holding with Fresh Acquisition: 33,00,000 Equity Shares)
10. Brief background about the entity acquired in terms Brief Background:
of products/line of business acquired, date of
incorporation, history of last 3 years turnover, Quest is a Company incorporated under the provisions of Companies
country in which the acquired entity has presence Act, 1956 having Corporate Identification Number (CIN) as
and any other significant information (in brief): U70100MH1995PLC089149 and Registered Office situated at
Devidas Mansion, 3rd Floor, Mereweather Road, Colaba, Mumbai -
400001.
Line of Business:
Real estate activities
Date of Incorporation:
June 5, 1995
Turnover of last 3 Financial Years:
Particulars Amount (in Crores)
FY 2025-26 FY 2024-25 FY 2023-24
Revenue from Nil Nil Nil
Operations
Other income Nil Nil Nil
Total Nil Nil Nil
Country in which the target has presence:
India
Chinchwadgaon, Pune 411 033, India
T +91 20 2735 2961, F +91 20 2735 3037
Visit us at : www.elpro.co.in