International Conveyors Limited — JV/Acquisition, 26-03-2025: Acquisition

International Conveyors Limited has acquired 48,213 equity shares of TD Power Systems Limited for a cash consideration of ₹1.996 Crore. This acquisition, valued at a turnover of ₹1,000.519 Crore for FY 2023-24, aims to enhance market presence in the heavy electrical equipment sector. TD Power Systems specializes in manufacturing generators and motors, providing reliable power solutions across industries. With this investment, International Conveyors seeks to strategically diversify its portfolio, potentially unlocking value and creating synergies within its operations.