Shareholding15 Jul 2026, 12:15 pm
IGE India Creates Encumbrance on 45.92% of International Conveyors Shares
AI Summary
IGE (India) Private Limited, along with other promoters and PACs, has disclosed the creation of encumbrances on a significant portion of their holdings in International Conveyors Ltd. This action involves 45.92% of the company's total share capital held by IGE India, amounting to 2,92,87,560 shares. The encumbrance, created on July 11, 2026, is in the form of 'others' (security) for an additional rupee term loan facility availed by Zenox Technology Services Private Limited. The security is in favour of CTL Trusteeship Limited, acting as the Security Trustee. This disclosure impacts a total of 50.69% of promoter holdings, with 63.93% of the total share capital now encumbered.
Key Highlights
- IGE India created encumbrance on 45.92% of International Conveyors shares.
- Encumbrance is for a loan facility availed by Zenox Technology Services.
- Total promoter holdings encumbered amount to 50.69% of total shares.
- CTL Trusteeship Limited is the security trustee for the encumbrance.
- Disclosure made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Price Impact
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