International Conveyors has fixed September 17, 2026, as the record date for its final dividend and 53rd annual general meeting. The company will close its register of members from September 18 to September 24, 2026, to ascertain eligible shareholders.

The payout is contingent on declaration at the ensuing AGM, scheduled for September 24, 2026. Shareholders holding units in both physical and dematerialized forms as on the cut-off date will be eligible for remote e-voting and dividend payment.

Key Dates

The intimation was issued pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dipti Sharma, Company Secretary & Compliance Officer, signed the disclosure dated August 20, 2026.

International Conveyors Limited ( international conveyors ) reported a standalone net profit of ₹1,202.2 crore for the quarter ended June 30, 2026 (Q1FY27), marking a significant year-on-year expansion from ₹522.1 crore in Q1FY26. Consolidated net profit attributable to owners of the parent stood at ₹1,198.2 crore, compared to ₹520.7 crore in the corresponding prior period.

The company’s operating revenue from operations increased by 12.7% YoY to ₹378 crore from ₹335.3 crore. This growth was underpinned by the core conveyor belts segment, which logged revenue of ₹354.9 crore, up from ₹313.8 crore in Q1FY26. The wind energy segment contributed ₹59 crore, remaining flat sequentially, while trading goods revenue declined to ₹168 crore from ₹154 crore in the prior year quarter.

Financial Performance

Total expenses for the standalone entity rose moderately to ₹328.5 crore from ₹304.4 crore in Q1FY26. Cost of materials consumed increased to ₹263.1 crore from ₹185.5 crore, while employee benefits expense remained stable at ₹20.9 crore. Finance costs were contained at ₹19.8 crore, identical to the prior year quarter.

What the Numbers Show

The dramatic improvement in profitability is not reflective of operational leverage but is instead driven by non-operating income. Other income surged to ₹1,469.7 crore from ₹660.7 crore in Q1FY26. The company disclosed that this figure includes a profit on investment of ₹142.8 crore, of which ₹141.58 crore is solely attributable to mark-to-market adjustments in the investment portfolio as per Ind AS 109. Consequently, other income constitutes approximately 95% of the total pre-tax profit, indicating a heavy reliance on investment valuation changes rather than core business operations for current quarter earnings.

Corporate Developments

During its meeting on August 14, 2026, the Board of Directors also approved the re-appointment of Shri Sunit Mehra as a Non-Executive Independent Director for a second term of five years, commencing September 25, 2026, subject to shareholder approval at the upcoming Annual General Meeting (AGM).

The Board noted a request from promoters Ms. Pushpa Bagla and Ms. Smiti Somany seeking reclassification from the 'Promoter and Promoter Group' category to the 'Public' category under Regulation 31A of the SEBI LODR Regulations. The board approved this request, pending compliance with regulatory requirements and shareholder approval.

The 53rd AGM is scheduled for September 24, 2026, at the company’s registered office in Falta SEZ, West Bengal. The register of members will remain closed from September 18 to September 24, 2026. Any dividend declared will be paid on or after September 29, 2026.