International Conveyors Ltd

📌 Major Share Encumbrance at International Conveyors: 50.69% Pledged for Debentures

- IGE (India) Private Limited, R.C.A Limited, and Amaranth Daksha Private Limited have encumbered 3,23,30,080 shares (50.69% of total share capital).

- The encumbrance acts as collateral for debentures totaling INR 120 Crores (IGE DTD) and INR 300 Crores (Zenox DTD).

- CTL Trusteeship Limited is the Debenture Trustee for this arrangement.

- Promoters collectively hold 70.12% of International Conveyors Ltd's shares.

- Encumbrance date: June 17, 2026.

- Value of encumbered shares: INR 2,63,74,87,926.40, with security cover ratio at 0.6279.

- Zenox DTD funds will partially finance Elpro's share acquisition and delisting expenses.