International Conveyors promoter co Elpro International acquires additional 70,580 shares, raises stake

About this update from International Conveyors Ltd.

Elpro International Limited has announced the acquisition of 70,580 equity shares of International Conveyors Limited through an open market purchase. The transaction, which took place on June 16, 2025, has resulted in an increase in Elpro International's individual shareholding and consequently, a rise in the total holding of the promoter and promoter group in International Conveyors Limited. This disclosure was made to the stock exchanges on June 17, 2025, in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.Summary of Share AcquisitionParticularsDetailsName of AcquirerElpro International LimitedName of Target Company (TC)International Conveyors LimitedNumber of Equity Shares Acquired by Elpro International Ltd.70,580Mode of AcquisitionOpen Market PurchaseDate of AcquisitionJune 16, 2025Total Equity Share Capital of Target Company6,33,79,000 equity shares of Re. 1/- eachStock Exchanges where Target Company is ListedBSE Limited (Scrip Code: 509709), National Stock Exchange of India Limited (Symbol: INTLCONV)Detailed Shareholding AdjustmentsPrior to this acquisition, Elpro International Limited, along with Persons Acting in Concert (PACs), held 4,39,92,185 equity shares in International Conveyors Limited, representing 69.41% of the total share/voting capital and 69.41% of the total diluted share/voting capital of the target company. The acquisition of 70,580 shares by Elpro International Limited constitutes 0.11% of International Conveyors Limited's total and diluted share capital.Following this transaction, the consolidated holding of Elpro International Limited and its PACs in International Conveyors Limited has increased to 4,40,62,765 equity shares. This revised holding now represents 69.52% of the total share/voting capital and 69.52% of the total diluted share/voting capital of International Conveyors Limited. The total equity share capital of International Conveyors Limited remains unchanged at 6,33,79,000 equity shares of Re. 1/- each before and after this acquisition.Impact on Promoter Group HoldingThe acquisition specifically boosts the stake of Elpro International Limited within the promoter group of International Conveyors Limited. The detailed changes in shareholding for Elpro International Limited and the overall promoter group are as follows:Promoter Group Holding in Internationa...

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