International Conveyors Limited has informed the Exchange about General Updates

Promoter Stake Sell 1pctOwnership Changes View source PDF

INTLCONV · price

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Price reaction · full curve 14 horizons · vs prior close

+6.0%1-day move

₹66.50

prior close

₹71.55

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.6-1.0-1.7-3.2+6.0+10.7+9.8+12.8+15.5+15.8+15.6+23.2+18.4+21.2

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AI summary

International Conveyors Limited disclosed that Amaranth Daksha Private Limited, a wholly-owned subsidiary of IGE (India) Private Limited, acquired 24,15,000 equity shares (3.79% of paid-up capital) from IGE (India) Pvt. Ltd. (seller). The transfer was executed via off-market inter-se transfer on March 30, 2026. Both parties filed intimations under Regulation 29(2) of SEBI SAST Regulations on April 2, 2026. Following the transfer, Amaranth Daksha will be classified under the Promoter/Promoter Group category in the company's shareholding pattern. This represents a restructuring of holdings within the same promoter group.

Likely market impact

This intra-group transfer does not change the aggregate promoter holding but consolidates promoter stake through a subsidiary entity. It has no direct impact on public shareholders or stock price.