International Conveyors Limited — Others, 22-01-2025: Shareholders meeting

International Conveyors Ltd has announced a board meeting on January 23, 2025, to obtain shareholder approval via remote e-voting for two key appointments: Shri Yogesh Kajaria as a Director and as Chairman & Managing Director, with a proposed remuneration package. Kajaria, appointed as an additional Director since December 6, 2024, is set to receive a monthly salary of Rs. 3.88 lakh, plus a commission based on performance. The e-voting will commence on January 23 and conclude on February 21, 2025, with results expected by February 25, 2025.

This strategy aims to solidify leadership following the tragic passing of former MD Shri R.K. Dabriwala, which could foster stability and confidence among investors, potentially leading to a positive outlook for the company’s governance and operational direction.