International Conveyors Limited has informed the Exchange about General Updates

Sebi PenaltyRegulatory & Legal View source PDF Explain this filing

INTLCONV · price

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Price reactionminutes from the announcement price · days from the prior close

+3.3%Reaction day

₹81.34

prior close

₹84.61

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.2%+2.1% vs market

Industrial Products peers, median of 104sector+0.3%+3.0% vs sector

On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 3.0 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

+0.1

15m

+0.0

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.3+1.2+2.1+0.3+3.0

Next day

+2.4+0.1+2.3-0.6+3.0

+2.9+0.9+2.0-0.5+3.4

+0.9+0.8+0.1-0.6+1.5

+2.0+1.4+0.6+0.5+1.5

+2.2+2.0+0.1-0.1+2.3

+3.8+2.3+1.5-0.1+3.9

15d

+4.2+5.2-1.0+3.1+1.1

+10.4+1.6+8.8-0.0+10.4

+18.0+7.7+10.3+5.0+13.0

+11.9+4.0+7.9-1.2+13.1

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 104Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

International Conveyors Limited has been fined by BSE and NSE for non-compliance with Regulation 17(1) of SEBI (LODR) Regulations, which deals with the composition of the Board of Directors. The company explained that the non-compliance arose because the resignation of Executive Director Shri P.S. Deshpande on November 13, 2024, made the Board composition optimum, and the delay in filling the vacancy was inadvertent. The Board, at its meeting on May 14, 2025, discussed the matter and stated that it took reasonable time to identify a suitable candidate given the required skills and seniority. The company has filed an application with BSE and NSE seeking waiver of the penalty, expressing confidence that the exchanges will consider its compliance efforts.

Likely market impact

This is a minor regulatory penalty related to a technical compliance lapse in board composition, not a financial or operational issue. The company has already rectified the position and applied for a waiver, so the impact on shareholders is likely limited. Investors should watch for the exchanges' response to the waiver request.