
CTL Trusteeship Discloses Non-Disposal Undertaking on 50.69% of CTL Shares
CTL Trusteeship Limited, acting as Debenture Trustee on behalf of debenture holders, has disclosed a non-disposal undertaking concerning 3,23,30,080 equity shares of International Conveyors Limited. This represents 50.69% of the total share capital. The undertaking stems from contractual covenants within a debenture trust deed dated June 17, 2026, between CTL Trusteeship Limited and IGE. The acquisition date is noted as June 17, 2026. The total equity share capital of International Conveyors Limited remains Rs. 6,37,81,000 both before and after this disclosure, with a total diluted share capital of Rs. 6,40,49,000.
Key Highlights
- CTL Trusteeship discloses non-disposal undertaking on 50.69% of International Conveyors shares.
- Undertaking relates to debenture trust deed covenants with IGE.
- Disclosure impacts 3,23,30,080 equity shares.
- No change in total equity share capital reported.
- Transaction falls under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Price Impact
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