Promoters' revised pledge disclosure: 91 percent of promoter shares encumbered

Promoters of International Conveyors filed a revised disclosure on share encumbrance. On July 11, 2026, encumbrance was created over 4.08 crore shares (63.93 percent of capital) as security for a Rs 498 crore term loan from Kotak Mahindra Bank to Zenox Technology Services. Post this, 91.03 percent of promoter holding (70.23 percent of total capital) is now encumbered, up from 50.69 percent earlier. Loan proceeds will part-finance acquisition of Elpro International shares.