Intl Conveyors promoters encumber 63.93% shares for Zenox loan

Pledge Above 50pctOwnership Changes View source PDF Explain this filing

INTLCONV · price

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

-1.2%Reaction day

₹80.25

prior close

₹79.76

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-1.9% vs market

Industrial Products peers, median of 131sector+0.3%-1.5% vs sector

On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 1.5 pts less 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

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Sessions after the filingfrom the prior close

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Reaction day

-1.2+0.6-1.9+0.3-1.5

Next day

-3.0+0.2-3.2+0.1-3.1

-3.1-0.9-2.2-1.0-2.1

-1.6-0.3-1.3-1.5-0.1

-3.3+0.0-3.3-0.8-2.5

-4.7-1.1-3.5-1.4-3.2

-5.0-1.4-3.6-1.4-3.7

15d

-5.9+2.7-8.6-1.2-4.7

-1.2+3.6-4.8-3.0+1.7

-5.9+2.0-7.9-2.6-3.3

+2.2+1.1+1.1-2.1+4.2

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 131Pending

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

AI summary

Promoter group of International Conveyors has encumbered 4.07 crore shares (63.93% of total share capital and 91.03% of promoter holding) as security for a Rs 498 crore term loan availed by Zenox Technology Services from Kotak Mahindra Bank. Loan purpose: part-financing acquisition of Elpro International Limited shares. Promoters collectively hold 70.23% of the company.

Likely market impact

Almost all promoter shares are now encumbered. If Zenox loan defaults, shares could be invoked, risking change in promoter control.