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.

International conveyors Limited has disclosed the acquisition of equity shares in Religare Enterprise Limited under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company filed the mandatory disclosure with both NSE and BSE on February 25, 2026.

Acquisition Details

The acquisition involves a strategic investment in Religare Enterprise Limited, a prominent player in India's financial services sector. The transaction was structured as a cash consideration deal completed on February 25, 2026.

Target Company Profile

Religare Enterprises Limited operates as the holding company for one of India's leading diversified financial services groups. The company provides an integrated suite of financial services through its underlying subsidiaries and operating entities.

Key Business Segments:

• Loans to Small and Medium Enterprises (SMEs)
• Affordable Housing Finance
• Health Insurance
• Capital Markets services

Financial Performance

Religare Enterprise Limited has demonstrated consistent growth in its financial performance over the past three years. The company's turnover trajectory shows steady expansion across the review period.

Regulatory Compliance

The acquisition does not fall within related party transactions, and no promoter or group companies have any interest in the acquired entity. The transaction did not require any governmental or regulatory approvals, streamlining the completion process.

Strategic Implications

This acquisition represents International Conveyors Limited's entry into the financial services sector through its investment in Religare Enterprise Limited. The move diversifies the company's portfolio beyond its traditional conveyor belt manufacturing business into India's growing financial services market.