International Conveyors Limited has completed a significant promoter group restructuring with Amaranth Daksha Private Limited acquiring 24,15,000 equity shares representing 3.79% of the company's paid-up equity share capital. The acquisition was executed through an off-market inter-se transfer from IGE (India) Private Limited on March 30, 2026.

Official Regulatory Compliance

The transaction was formally disclosed through comprehensive regulatory filings submitted to both BSE Limited and National Stock Exchange of India Limited. Company Secretary & Compliance Officer Dipti Sharma filed the disclosure on April 6, 2026, under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensuring full regulatory compliance.

Promoter Group Shareholding Structure

Following the transaction, the comprehensive promoter group maintains its collective holding at 69.86% of International Conveyors' total equity. IGE (India) Private Limited's direct shareholding decreased from 49.71% to 45.92%, while Amaranth Daksha Private Limited entered as a new promoter entity with 3.79% holding.

Additional Promoter Activities

Concurrently, Elpro International Limited, another promoter group entity, acquired 1,46,329 equity shares through open market transactions between December 24, 2025, and March 25, 2026. This acquisition represented 0.23% of the company's equity capital and did not require separate disclosure under Regulation 29(2) as it remained below the 2% threshold.

Corporate Capital Structure

International Conveyors Limited maintains a stable equity structure with 6,37,81,000 equity shares of ₹1/- each as paid-up capital. The company's total diluted share capital remains unchanged at 6,37,81,000 equity shares, with no outstanding convertible securities or warrants affecting the capital structure.

The transaction demonstrates strategic internal reorganization within the promoter group while maintaining regulatory compliance and preserving the overall ownership structure. Both IGE (India) Private Limited and Amaranth Daksha Private Limited continue to be classified as promoter group entities under SEBI regulations, ensuring continuity in corporate governance and strategic direction.

International Conveyors Limited has submitted newspaper publication regarding its postal ballot notice to stock exchanges under Regulation 30 of SEBI Listing Regulations. The company published the notice in Financial Express and Duranto Barta on April 1, 2026, seeking shareholder approval for critical financial transactions through remote e-voting process.

Regulatory Compliance and Publication

The company filed the submission with both National Stock Exchange of India Limited and BSE Limited on April 1, 2026, through a communication signed by Company Secretary and Compliance Officer Dipti Sharma. The submission fulfills requirements under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Key Resolutions for Shareholder Approval

The postal ballot encompasses two distinct agenda items requiring different types of shareholder consent:

E-Voting Timeline and Process

The company has established a comprehensive timeline for the postal ballot process, ensuring adequate time for shareholder participation:

Proposed Financial Arrangements

The first resolution seeks approval for advancing loans, providing guarantees, or offering security to related entities under Section 185 of the Companies Act, 2013. The company proposes revised limits for three key related parties:

These arrangements are designed for efficient surplus cash deployment and meeting working capital requirements of the related entities, with all transactions proposed at market-determined interest rates and terms.

Material Related Party Transactions

The second resolution addresses material related party transactions under Regulation 23(4) of SEBI Listing Regulations. The proposed transactions exceed 10% of the company's annual consolidated turnover, necessitating shareholder approval. The company plans to advance interest-bearing inter-corporate deposits, loans, or provide guarantees to the same three related entities for a period of one year from approval date.

All proposed transactions will be conducted on arm's length basis and in the ordinary course of business. The Audit Committee, comprising independent directors, has reviewed and approved these arrangements, ensuring objective assessment of the proposals. The company maintains adequate cash reserves to execute business plans even after providing the proposed financial assistance.