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.

Promoters of International Conveyors have created an encumbrance over 63.93% of the company’s total share capital. The pledge covers 4,07,73,335 equity shares held by key promoter entities and individuals.

The disclosure, filed with stock exchanges on August 27, 2026, relates to agreements executed on July 11, 2026. The encumbrance serves as security for a rupee term loan facility availed by Zenox Technology Services Private Limited.

Pledge Details

The creation of encumbrance affects five promoter group entities and individuals. Prior to this event, 50.69% of the share capital was already encumbered. The new pledge increases the total encumbered stake to 63.93% of the total share capital.

The lender is Kotak Mahindra Bank Limited, with CTL Trusteeship Limited acting as the security trustee. The disclosure was made pursuant to Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Loan Utilization and Coverage

The borrowed amount of ₹498 crore is intended for part-financing the acquisition of equity shares in Elpro International Limited. The value of the pledged shares on the date of the agreement was ₹327.45 crore.

This results in a security cover ratio of 0.66, indicating that the market value of the pledged shares is lower than the loan amount secured against them. The facility agreement includes covenants regarding non-dilution of the shareholding of individual promoters Surbhit Dabriwala and Yamini Dabriwala.

What the Numbers Show

The encumbrance now covers 91.03% of the total promoter holding of 4,47,93,517 shares. With only 8.97% of the promoter stake remaining free of encumbrances, the promoter group has minimal unpledged equity left to offer as additional collateral for future borrowings.