Outcome of Postal Ballot

International Conveyors Ltd has announced the results of its postal ballot conducted from April 1-30, 2026, where shareholders approved two resolutions. The first was a Special Resolution to approve advancing loans, giving guarantees, or providing security under Section 185 of the Companies Act, 2013, which passed with 99.99% assent (4.72 crore votes in favor vs. 4,515 against). The second was an Ordinary Resolution to approve material Related Party Transactions, which also passed with 99.89% assent (34.62 lakh votes in favor vs. 3,974 against). Notably, the promoter group did not vote on the Related Party Transactions resolution (due to their interest in the matter), while voting entirely in favor of the Section 185 resolution. Total voter turnout was 73.95% for Resolution 1 and 5.43% for Resolution 2 of the company's 6.38 crore paid-up equity shares.