ALPHA TRIBE

International Conveyors LimitedPledging, 29-06-2026: Pledge/Unpledge

29-06-2026 | 07:32 pm

Promoters of International Conveyors Ltd, including IGE (India) Private Limited, R.C.A Limited, and Amaranth Daksha Private Limited, have created an encumbrance on their shares. A total of 3,23,30,080 shares, representing 50.69% of the company's total share capital and 72.28% of the promoter holding, are now under a non-disposal undertaking. This arrangement acts as collateral for debentures worth ₹120 Cr issued by IGE (India) Private Limited and an additional ₹300 Cr issued by its subsidiary, Zenox Technology Services Private Limited. This restricts the promoters from selling these shares, indicating they are tied up as security for group debt.

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