International Conveyors Limited shareholders approved a final dividend of ₹0.50 per share for the financial year ended March 31, 2026, during the company's 53rd Annual General Meeting (AGM).

The payout represents a 50% return on the face value of equity shares of Re. 1 each. The decision was taken at the meeting held on September 24, 2026, at the company’s registered office in West Bengal.

Key resolutions passed

The members adopted several ordinary and special resolutions during the proceedings:

• Adoption of the audited financial statements for FY26, along with the reports of the Board of Directors and Auditors.
• Declaration of a dividend of ₹0.50 per share on 6,37,81,000 equity shares.
• Appointment of Udit Sethia as a Director in place of himself, who retired by rotation and offered himself for reappointment.
• Re-appointment of Sunit Mehra as a Non-Executive Independent Director via special resolution.

Meeting proceedings and compliance

The AGM was chaired by Yogesh Kajaraia, Chairman and Managing Director. The requisite quorum was present, and the meeting commenced at 2:00 pm and concluded at 2:40 pm.

The Chairman informed members that there were no qualifications or adverse remarks by the Statutory Auditors or Secretarial Auditors in their reports for the financial year ended March 31, 2026. Consequently, these reports were taken as read with the permission of the members.

E-voting facilities were provided through NSDL, with remote voting commencing on September 21, 2026, and ending on September 23, 2026. Members present who had not voted remotely cast their votes via ballot or poll during the meeting. H. V. Bolia & Associates was appointed as the scrutinizer to ensure fair and transparent voting.

International Conveyors Limited has scheduled its 53rd Annual General Meeting for September 24, 2026, presenting shareholders with a financial year marked by a 44.62% surge in revenue from operations to ₹20,365.22 lacs and a proposed final dividend of ₹0.50 per equity share.

AGM Details and Key Agenda

The 53rd AGM will be held on Thursday, September 24, 2026 at 2:00 P.M. at the company's registered office at Falta SEZ, Sector-II, Near Pump House No. 3, Village & Mouza-Akalmegh, Dist. 24 Parganas (S)-743504, West Bengal. Remote e-voting via NSDL will be available from September 21, 2026 (9:00 A.M.) to September 23, 2026 (5:00 P.M.), with a cut-off date of September 17, 2026 for determining eligible voters. The Register of Members and Share Transfer Books will remain closed from September 18, 2026 to September 24, 2026.

The agenda covers the following business items:

Ordinary Business:

• Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026
• Declaration of a final dividend of ₹0.50 per equity share of face value ₹1 each
• Re-appointment of Shri Udit Sethia (DIN-08722143) as a director retiring by rotation

Special Business:

• Re-appointment of Shri Sunit Mehra (DIN-00359482) as Non-Executive Independent Director for a second term of five consecutive years from September 25, 2026 to September 24, 2031

Financial Performance for FY26

The company delivered strong revenue growth in the financial year ended March 31, 2026, driven primarily by its Conveyor Belting segment. The following table summarises key standalone financial highlights:

Revenue from operations rose 44.62% to ₹20,365.22 lacs from ₹14,082.11 lacs in the previous year. Other income declined 44.15% to ₹5,845.25 lacs from ₹10,466.03 lacs. Profit before taxation stood at ₹8,852.77 lacs, a decline of 12.12% from ₹10,073.27 lacs in FY25, reflecting the lower other income base.

Segment-Wise Performance

The Conveyor Belting segment remained the primary revenue driver, contributing 80.50% of total revenue. Segment-wise performance for FY26 is detailed below:

Profit before interest and tax from the Conveyor Belting segment rose 54.24% to ₹4,550 lacs from ₹2,950 lacs. The Trading of Goods segment profit before interest and tax grew 81.82% to ₹220 lacs. Wind Energy segment profit before interest and tax increased 31.43% to ₹46 lacs. The Treasury segment, which includes investments in equity instruments, mutual funds and inter-corporate deposits, reported total assets of ₹46,784 lacs as at March 31, 2026, up 6.16% from ₹44,068 lacs.

Dividend and Share Capital

The Board has recommended a final dividend of ₹0.50 per equity share (50%) for FY26, compared to ₹0.75 per equity share (75%) in FY25. If approved at the AGM, the total dividend outflow is expected to be approximately ₹318.91 lacs. Payment is expected on or after September 29, 2026 to eligible shareholders.

During FY26, the paid-up equity share capital increased by ₹4.02 lacs following the allotment of 4,02,000 equity shares at ₹27.86 per share to Shri Udit Sethia under the ICL Employee Stock Option Plan 2020. As at March 31, 2026, the paid-up equity share capital stood at ₹637.81 lacs comprising 6,37,81,000 equity shares of ₹1 each.

Corporate Governance and CSR

During FY26, the Board met five times. No changes occurred in the composition of the Board during the year. The company spent ₹68,00,000 towards CSR activities focused on promoting vocational training and education, against a total CSR obligation of ₹67,42,440 for the year. The statutory auditors M/s G. P. Agrawal & Co. issued unmodified opinions on both standalone and consolidated financial statements for FY26.

Foreign exchange earnings for FY26 stood at ₹12,132.22 lacs compared to ₹9,479.68 lacs in FY25, while CIF value of imports was ₹4,438.68 lacs against ₹2,887.37 lacs in the previous year.