International Conveyors Limited completed the acquisition of equity shares of Jain Resource Recycling Limited on May 11, 2026, pursuant to a disclosure filed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction was executed through cash consideration and was undertaken for investment purposes. The Company Secretary and Compliance Officer, Dipti Sharma, signed and submitted the regulatory disclosure on the same date.

Acquisition Details

The following table summarises the key parameters of the acquisition as disclosed by International Conveyors:

The acquisition does not fall within the category of related party transactions, and neither the promoter, promoter group, nor group companies have any interest in the entity being acquired.

About Jain Resource Recycling Limited

Jain Resource Recycling Limited was incorporated in 2022 and, along with its subsidiaries, specialises in recycling non-ferrous metal scrap and producing lead, copper, and aluminium alloys. Its lead ingots are London Metal Exchange-registered, ensuring adherence to international quality standards. The company also trades non-ferrous metals and commodities and has a presence in India.

The target entity has reported strong turnover growth over the last three financial years, as detailed below:

The turnover figures reflect substantial growth in Jain Resource Recycling's business operations since its incorporation, with FY 2024-25 turnover of Rs. 7125.77 Cr. representing a significant increase compared to Rs. 1927.01 Cr. reported in FY 2022-23.

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 of the SEBI Listing Regulations, read with Para A of Part A of Schedule III. International Conveyors, headquartered at 10, Middleton Row, Kolkata, filed the requisite annexure with both the National Stock Exchange of India Ltd and BSE Ltd, requesting the exchanges to take the disclosure on record.

International Conveyors Limited has submitted its quarterly compliance certificate to stock exchanges under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The company filed the certificate on April 14, 2026, with both NSE and BSE.

Compliance Certificate Details

The certificate was issued by the company's Registrar and Share Transfer Agent, Maheshwari Datamatics Pvt. Ltd., and confirms the dematerialisation status for the quarter. Company Secretary and Compliance Officer Dipti Sharma signed the submission letter digitally.

Dematerialisation Status

According to the certificate issued by Maheshwari Datamatics Pvt. Ltd., no dematerialisation requests for equity shares of International Conveyors Limited were confirmed during the period from January 01, 2026 to March 31, 2026. This indicates stable shareholding patterns during the quarter.

Recent Corporate Activity

Earlier this month, International Conveyors Limited completed a strategic acquisition of 1.40 lakh equity shares in Religare Enterprise Limited for ₹3.13 crore. The cash transaction was completed on April 09, 2026, representing the company's diversification move into the financial services sector through investment purposes.

Regulatory Framework

The quarterly compliance certificate under Regulation 74(5) is a mandatory requirement for listed companies to report dematerialisation activities. This ensures transparency in share transfer processes and maintains investor confidence in the securities market infrastructure.