Promoters encumber 64 percent of shares as loan security

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

-1.1%Reaction day

₹75.06

prior close

₹74.90

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%+0.2% vs market

Industrial Products peers, median of 129sector-1.1%+0.0% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and in line with 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

+0.3

10m

+0.3

15m

+0.3

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1-1.3+0.2-1.1+0.0

Next day

-0.9-0.8-0.0-0.7-0.2

-1.3-1.4+0.0-1.6+0.2

-1.7-0.3-1.4-1.2-0.5

-1.6+1.0-2.6-0.3-1.3

+0.3+1.5-1.1+0.5-0.2

+0.5+3.1-2.6+0.4+0.1

15d

+1.6+4.1-2.5-1.1+2.6

+5.4+4.8+0.6-0.5+5.8

+7.1+3.1+3.9+0.3+6.8

+8.8-3.6+12.4-5.1+13.9

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 129Pending

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

AI summary

Promoters of International Conveyors have encumbered 4,07,73,335 shares (63.93 percent of share capital, or 91 percent of promoter holdings) in favour of CTL Trusteeship as security for a rupee term loan taken by Zenox Technology Services from Kotak Mahindra Bank. Shares worth about Rs 327 crore back a loan of Rs 498 crore. The loan proceeds will partly finance Zenox's acquisition of Elpro International shares.

Likely market impact

A large chunk of promoter shares is now pledged, raising risk if the borrower defaults. The pledge funds a related-party acquisition, which could pressure the stock.