International Conveyors Limited — JV/Acquisition, 01-02-2025: Acquisition

International Conveyors Limited has acquired 94,041 equity shares of Gulshan Polyols Limited for a cash consideration of 1.890 Cr. Gulshan Polyols, a leader in ethanol and bio-fuel manufacturing, reported a turnover of 1,377.975 Cr in FY 2023-24, reflecting significant growth over the past three years. This strategic acquisition aims to enhance International Conveyors' investment portfolio and reinforces its position in the agricultural products sector. With no related party interests involved, the deal indicates a clean transaction aimed at expanding market opportunities.