Electrovaya Chairman Boosts Equity Stake to Nearly 24% Through Warrant Exercise

Mississauga, Wednesday, 21 January 2026.
On January 20, 2026, Electrovaya Chairman Dr. Sankar Das Gupta significantly tightened his grip on the lithium-ion battery manufacturer. By exercising over 1.4 million warrants at just $0.90—a fraction of the stock’s recent trading price near $9.82—he has raised his direct ownership to approximately 23.66%. This strategic move injects roughly $1.28 million into the company and signals robust insider confidence as Electrovaya accelerates its manufacturing expansion in the United States.