CTL Trusteeship Discloses Non-Disposal Undertaking on 50.69% of International Conveyors
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 Zenox. This disclosure is made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The total diluted share capital of the company is noted as Rs. 64,049,000.
Key Highlights
- CTL Trusteeship Limited disclosed a non-disposal undertaking.
- The undertaking covers 50.69% (3,23,30,080 shares) of International Conveyors Ltd.
- This is related to a debenture trust deed with Zenox.
- Disclosure made under SEBI Takeover Regulations.
- No change in promoter/promoter group status indicated.
Price Impact
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