International Conveyors has corrected a disclosure error in its consolidated financial results for the quarter ended June 30, 2025. The company resubmitted the filing to the National Stock Exchange of India following a clarification request regarding the reported earning per share (EPS).

The company stated that an EPS of ₹8.22 was inadvertently listed in the column for discontinued operations in the initial submission. This figure has now been accurately moved to the column for continuing operations. The revised financial results were officially submitted on Thursday, April 16, 2026.

The correction was communicated by Dipti Sharma, Company Secretary & Compliance Officer, in response to the exchange's email dated April 13, 2026. The company acknowledged the oversight and affirmed its commitment to ensuring accuracy in future regulatory submissions.

CTL Trusteeship Limited has disclosed a non-disposal undertaking over 50.69% of the equity shares of International Conveyors Limited . The encumbrance, totaling 32,330,080 shares, was created on June 17, 2026, pursuant to a debenture trust deed with Zenox Technology Services Private Limited for secured non-convertible debentures aggregating ₹300 crore.

The disclosure was made to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. CTL Trusteeship Limited is acting as the Debenture Trustee for the benefit of debenture holders. The trust deed contains contractual covenants regarding the equity shares of International Conveyors Limited, which may be considered a non-disposal undertaking and fall within the definition of "encumbrance" under Chapter V of the Takeover Regulations.

Details of the Encumbrance

The acquisition involves shares held by three entities. R.C.A Limited holds 627,520 shares, Amaranth Daksha Private Limited holds 2,415,000 shares, and Zenox (India) Private Limited holds 29,287,560 shares. The total encumbrance represents 50.69% of the total share capital and 50.69% of the total diluted share capital of the target company.

Regulatory and Capital Structure

The equity share capital of International Conveyors Limited before and after the acquisition remains Rs. 63,781,000, comprising 63,781,000 equity shares with a face value of Rs 1 each. The total diluted share capital post-acquisition is Rs. 64,049,000. CTL Trusteeship Limited clarified that it does not belong to the promoter or promoter group of the target company.