International Conveyors Ltd

🔒 International Conveyors: Promoters encumber 63.93% equity for Kotak loan

- Encumbrance created on July 11, 2026 by promoters

- Total shares encumbered: 4,07,73,335 (63.93% of total capital)

- Previously encumbered: 3,23,30,080 shares (50.69% of total capital)

- Total promoter holding: 4,47,93,517 shares (70.23% of total capital)

- Encumbered as % of promoter holding: 91.03%

- Reason: Security for additional rupee term loan from Kotak Mahindra Bank to Zenox Technology

- Encumbrance in favour of CTL Trusteeship as Security Trustee

- Value of shares: INR 3,27,45,06,533.85; Loan amount: INR 4,98,00,00,000 (Ratio 0.66)

- Borrowed amount for part-financing acquisition of Elpro International shares and expenses