International Conveyors Limited — JV/Acquisition, 07-04-2025: Acquisition

International Conveyors Limited has acquired 84,620 equity shares of TD Power Systems Limited for a cash consideration of ₹3.001 Crore. This acquisition aims to enhance the company’s investment portfolio in the heavy electrical equipment sector, which reported a turnover of ₹1,000.519 Crore in the last audited financial year. TD Power Systems specializes in manufacturing generators and motors, providing power solutions up to 200 MW and has demonstrated steady revenue growth over the past three years. This strategic move is expected to strengthen International Conveyors’ position in the market and potentially unlock new value for shareholders.