International Conveyors Ltd

🔒 Promoters Pledge 63.93% Stake in International Conveyors for Acquisition Loan

- Encumbrance created on July 11, 2026 over 4,07,73,335 equity shares, representing 63.93% of ICL's total share capital.

- Promoter entities involved: I G E (India) Private Limited, R.C.A Limited, Amaranth Daksha Private Limited, Surbhit Dabriwala, and Yamini Dabriwala.

- Purpose: Security for an additional rupee term loan facility of INR 4,98,00,00,000 availed by Zenox Technology Services Private Limited.

- Loan proceeds to be used for part-financing the acquisition of equity shares of Elpro International Limited and related expenses.

- Total promoter shareholding in ICL is 4,47,93,517 shares (70.23% of total capital). Encumbered shares constitute 91.03% of this promoter holding.

- Value of shares on date of encumbrance: INR 3,27,45,06,533.85. Security cover ratio (share value/loan amount) is 0.66.