International Conveyors Promoter Encumbers 50.69% Shares for Debentures
International Conveyors Ltd has disclosed that its promoter, IGE (India) Private Limited, along with other promoters (R.C.A Limited and Amaranth Daksha Private Limited), have encumbered a significant portion of their shareholding, totaling 50.69% of the total share capital. This encumbrance, effective June 17, 2026, is in the form of a non-disposal undertaking and serves as collateral for the issuance of debentures by the company and its group companies. The debentures are secured under a Debenture Trust Deed with CTL Trusteeship Limited, acting as the Debenture Trustee. This disclosure is made in compliance with SEBI (SAST) Regulations, 2011.
Key Highlights
- Promoters encumbered 50.69% of shares in International Conveyors Ltd.
- Encumbrance is for collateral against debenture issuance by group companies.
- IGE (India) Private Limited is the primary promoter involved.
- The action is in compliance with SEBI (SAST) Regulations, 2011.
- This constitutes a non-disposal undertaking on the shares.
Price Impact
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