International Conveyors Limited — JV/Acquisition, 11-05-2026: Acquisition

International Conveyors Ltd (INTLCONV) has entered the metals recycling sector by acquiring 87,105 equity shares in Jain Resource Recycling Limited for 5 Cr. This strategic investment diversifies INTLCONV's portfolio into non-ferrous metal recycling and alloy production. Jain Resource Recycling, incorporated in 2022, specializes in LME-registered lead, copper, and aluminium alloys and reported a robust turnover of 7125.77 Cr in FY25. The acquisition provides INTLCONV exposure to a high-growth business with strong product standards.