International Conveyors Limited — JV/Acquisition, 27-03-2025: Acquisition

International Conveyors Limited has acquired 344,668 equity shares of Gulshan Polyols Limited for a cash consideration of ₹6.118 Crore. Gulshan Polyols is a prominent player in the agricultural sector, specializing in ethanol, bio-fuel, and mineral-based specialty products, with a turnover of ₹1,377.975 Crore in FY 2023-24. This investment aims to enhance strategic positioning and diversify International Conveyors’ portfolio. The acquisition is expected to be completed by March 27, 2025, positioning the company to leverage synergies within the agricultural products market in India.