International Conveyors Limited has initiated a postal ballot process to seek shareholder approval for two key resolutions concerning Shri Yogesh Kajaria (DIN-01832931). The company is looking to appoint Kajaria as both a Director and the Chairman & Managing Director, following the unexpected passing of the previous Managing Director, Shri R. K. Dabriwala.

Proposed Resolutions

1. Ordinary Resolution: Appointment of Shri Yogesh Kajaria as a Director of the company.
2. Special Resolution: Appointment of Shri Yogesh Kajaria as Chairman & Managing Director, including the fixation of his remuneration.

Appointment Details

• Effective Date: December 06, 2024
• Term: Three years (December 06, 2024 to December 05, 2027)
• Current Position: Additional Director (appointed on December 06, 2024)

Proposed Remuneration Package

The company has outlined a comprehensive remuneration package for Shri Yogesh Kajaria:

Professional Background

Shri Yogesh Kajaria brings significant expertise to his proposed role:

• Qualification: Chartered Accountant
• Experience: Over 25 years in financial services
• Association with International Conveyors: Serving as President since December 2023

Voting Process

Shareholders can participate in the decision-making process through e-voting:

• E-voting Period: January 23, 2025 to February 21, 2025
• Results Announcement: Expected by February 25, 2025

This move by International Conveyors Limited to appoint Shri Yogesh Kajaria in a leadership role comes at a crucial time for the company. The proposed appointment and remuneration structure reflect the company's strategy to bring in experienced leadership to guide its future direction, particularly in enhancing the performance of its Conveyor Belting Division.

Shareholders will play a pivotal role in this decision, and the outcome of the postal ballot will be closely watched by stakeholders and industry observers alike.

International Conveyors Limited (ICL) has announced strong financial results for the first quarter of fiscal year 2026, alongside strategic decisions aimed at future growth and compliance.

Q1 FY2026 Financial Highlights

ICL reported impressive standalone financial results for the quarter ended June 30, 2025:

On a consolidated basis, the company's performance was equally robust:

The company's strong profitability in Q1 FY2026 demonstrates its operational efficiency and market strength.

Strategic Decisions and Corporate Actions

Secretarial Auditor Appointment

The Board of Directors has approved the appointment of M/s Rajesh Kumar Shaw & Co., Company Secretaries, as the Secretarial Auditor for a term of five consecutive years starting April 1, 2025. This appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

52nd Annual General Meeting

ICL has scheduled its 52nd AGM for September 24, 2025, to be held at the company's registered office. The Register of Members and Share Transfer Books will remain closed from September 18 to September 24, 2025.

Dividend Consideration

The Board will consider the declaration of a dividend at the AGM, with the potential payment date set for on or after September 29, 2025, subject to shareholder approval.

Expansion Plans

In a significant move, the Board has approved exploring inorganic expansion opportunities through the acquisition of assets, lands, or targets in the Maharashtra region. This strategic initiative aims to strengthen ICL's presence in one of India's key industrial states.

Segment Performance

ICL's segment-wise results showcase the diversity of its operations:

The investment segment has significantly contributed to the company's profitability this quarter.

Outlook

With strong Q1 results and strategic expansion plans in place, International Conveyors Limited appears well-positioned for growth in the coming quarters. The company's diversified business model, spanning conveyor belts, wind energy, and investments, provides a solid foundation for sustainable performance.