International Conveyors Limited — JV/Acquisition, 11-02-2025: Acquisition

International Conveyors Limited has acquired 41,271 equity shares of Agro Tech Foods Private Limited for a cash consideration of 3.0702 Cr. Agro Tech Foods, a key player in the edible oil industry, generated a turnover of 758.079 Cr in the last fiscal year. This acquisition is strategically aimed at enhancing investment opportunities, enabling broader market exposure within the food products sector, which includes ready-to-cook and ready-to-eat snacks. The move is expected to bolster International Conveyors' portfolio and drive future growth, aligning with its strategic objectives.