Announced Fri, 28 Aug, 2026 · 10:20 IST
Promoters encumber 63.93% of Intl Conveyors shares with Kotak Mahindra
INTLCONV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+6.4%1-day move
₹76.50
prior close
₹80.02
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.7+0.3+1.8+6.4+4.6+4.6+3.5+6.2+3.4-1.4+5.1——
Up moveDown movePending
AI summary
Revised SAST disclosure from IGE India on behalf of Intl Conveyors promoters. New encumbrance created July 11, 2026 on 4.07 crore shares (63.93% of capital), up from 50.69% earlier. Loan of INR 498 crore from Kotak Mahindra Bank availed by related party Zenox Technology Services to fund acquisition of Elpro International shares. Encumbrance now covers 91.03% of promoter holding. Security cover ratio 0.66.
Likely market impact
High pledge risk. 91% of promoter holding encumbered for a related-party loan. Watch for invocation or forced selling risk if loan defaults.