International Conveyors Limited has scheduled its 53rd Annual General Meeting for September 24, 2026, presenting shareholders with a financial year marked by a 44.62% surge in revenue from operations to ₹20,365.22 lacs and a proposed final dividend of ₹0.50 per equity share.

AGM Details and Key Agenda

The 53rd AGM will be held on Thursday, September 24, 2026 at 2:00 P.M. at the company's registered office at Falta SEZ, Sector-II, Near Pump House No. 3, Village & Mouza-Akalmegh, Dist. 24 Parganas (S)-743504, West Bengal. Remote e-voting via NSDL will be available from September 21, 2026 (9:00 A.M.) to September 23, 2026 (5:00 P.M.), with a cut-off date of September 17, 2026 for determining eligible voters. The Register of Members and Share Transfer Books will remain closed from September 18, 2026 to September 24, 2026.

The agenda covers the following business items:

Ordinary Business:

• Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026
• Declaration of a final dividend of ₹0.50 per equity share of face value ₹1 each
• Re-appointment of Shri Udit Sethia (DIN-08722143) as a director retiring by rotation

Special Business:

• Re-appointment of Shri Sunit Mehra (DIN-00359482) as Non-Executive Independent Director for a second term of five consecutive years from September 25, 2026 to September 24, 2031

Financial Performance for FY26

The company delivered strong revenue growth in the financial year ended March 31, 2026, driven primarily by its Conveyor Belting segment. The following table summarises key standalone financial highlights:

Revenue from operations rose 44.62% to ₹20,365.22 lacs from ₹14,082.11 lacs in the previous year. Other income declined 44.15% to ₹5,845.25 lacs from ₹10,466.03 lacs. Profit before taxation stood at ₹8,852.77 lacs, a decline of 12.12% from ₹10,073.27 lacs in FY25, reflecting the lower other income base.

Segment-Wise Performance

The Conveyor Belting segment remained the primary revenue driver, contributing 80.50% of total revenue. Segment-wise performance for FY26 is detailed below:

Profit before interest and tax from the Conveyor Belting segment rose 54.24% to ₹4,550 lacs from ₹2,950 lacs. The Trading of Goods segment profit before interest and tax grew 81.82% to ₹220 lacs. Wind Energy segment profit before interest and tax increased 31.43% to ₹46 lacs. The Treasury segment, which includes investments in equity instruments, mutual funds and inter-corporate deposits, reported total assets of ₹46,784 lacs as at March 31, 2026, up 6.16% from ₹44,068 lacs.

Dividend and Share Capital

The Board has recommended a final dividend of ₹0.50 per equity share (50%) for FY26, compared to ₹0.75 per equity share (75%) in FY25. If approved at the AGM, the total dividend outflow is expected to be approximately ₹318.91 lacs. Payment is expected on or after September 29, 2026 to eligible shareholders.

During FY26, the paid-up equity share capital increased by ₹4.02 lacs following the allotment of 4,02,000 equity shares at ₹27.86 per share to Shri Udit Sethia under the ICL Employee Stock Option Plan 2020. As at March 31, 2026, the paid-up equity share capital stood at ₹637.81 lacs comprising 6,37,81,000 equity shares of ₹1 each.

Corporate Governance and CSR

During FY26, the Board met five times. No changes occurred in the composition of the Board during the year. The company spent ₹68,00,000 towards CSR activities focused on promoting vocational training and education, against a total CSR obligation of ₹67,42,440 for the year. The statutory auditors M/s G. P. Agrawal & Co. issued unmodified opinions on both standalone and consolidated financial statements for FY26.

Foreign exchange earnings for FY26 stood at ₹12,132.22 lacs compared to ₹9,479.68 lacs in FY25, while CIF value of imports was ₹4,438.68 lacs against ₹2,887.37 lacs in the previous year.

International Conveyors declared a final dividend of ₹0.50 per equity share for the fiscal year ended March 31, 2026. The Board of Directors recommended the payout during its meeting on May 20, 2026. Shareholders on record as of September 17, 2026 will be eligible for the distribution.

The company will pay the dividend following its approval at the Annual General Meeting (AGM) scheduled for September 24, 2026. The Register of Members and Share Transfer Books will remain closed from September 18, 2026, to September 24, 2026, to determine eligibility.

Tax Deduction at Source Details

Under the Income Tax Act, 2025, as amended by the Finance Act, 2026, dividends are taxable in the hands of shareholders effective April 1, 2026. International Conveyors will deduct tax at source (TDS) from the dividend payments as prescribed.

Resident Members

For resident individual members, no TDS applies if the aggregate dividend paid or likely to be paid during the financial year does not exceed ₹10,000. For amounts exceeding this threshold, a TDS rate of 10% applies if a valid PAN is provided. Failure to provide a valid PAN or link it with Aadhaar results in a higher TDS rate of 20%.

Shareholders may submit Form 121 or certificates under Section 395 of the Act to claim lower or nil withholding tax rates. Mutual funds and insurance companies exempted under specific sections also qualify for nil TDS upon submission of relevant self-declarations and registration certificates.

Non-Resident Members

Non-resident shareholders face a standard TDS rate of 20% plus applicable surcharge and cess. Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) are subject to the same rate. Other non-resident shareholders may avail benefits under Double Tax Avoidance Agreements (DTAA) if they submit required documents, including Tax Residency Certificates and Form 41.

Tax residents of Notified Jurisdictional Areas face a higher TDS rate of 30% plus surcharge and cess. The company reserves the right to reject documents found incomplete or discrepant after review.

Compliance and Documentation

All shareholders must update their KYC details, including PAN, bank account information, and nomination choices, by September 17, 2026. Physical shareholders should coordinate with the Registrar and Transfer Agent, Maheshwari Datamatics Pvt. Ltd., while demat holders must update records with their depository participants.

Documents submitted after the deadline will not be considered for determining TDS rates. If tax is deducted at a higher rate due to missing documents, shareholders can file income tax returns to claim refunds where eligible. The company will not entertain requests for revision of TDS returns post-deduction.