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Incorporated in 1973, International Conveyors Limited (ICL) is engaged in the manufacturing and marketing of solid woven PVC covered conveyor belts. These belts are fire retardant, antistatic and are mainly used in underground mines for transportation of minerals such as Coal & Potash
International Conveyors Limited has reconstituted its Stakeholders Relationship Committee, inducting Non-Executive Independent Director Shri Narayan Atal as the new Chairman. The committee now includes four members overseeing governance and investor grievance redressal.
Promoter subsidiary Amaranth Daksha acquired a 3.79% stake in International Conveyors from another promoter, IGE (India). This internal share transfer means Amaranth Daksha is now part of the Promoter Group.
International Conveyors proposed a Rs. 0.75/share dividend for FY24-25. Payment is subject to tax deduction (TDS). Investors must update KYC/PAN details to ensure correct tax application or claim exemptions, as failure may result in higher TDS.
INTLCONV set September 17 as record date for its final FY25 dividend (if declared at AGM) & e-voting. Book closure is September 18-24. Ensure shares are in demat by record date for potential dividend eligibility.
International Conveyors Ltd's Q1 financial results show revenue rose to Rs 30.11 Cr, up from Rs 24.23 Cr YoY. Net profit remained steady at Rs 4.64 Cr, with EPS at Rs 3.19. Solid revenue growth, stable bottom line.