INTLCONV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
International Conveyors Ltd completed a postal ballot via remote e-voting from April 1 to April 30, 2026. Two resolutions were voted on: (1) a Special Resolution to approve advancing loans, giving guarantees or providing security under Section 185 of the Companies Act 2013 — passed with 99.99% in favour (4,71,63,947 votes vs 4,515 against, out of 129 voters); and (2) an Ordinary Resolution to approve material Related Party Transactions — passed with 99.89% in favour (34,61,636 votes vs 3,974 against, out of 123 voters). The company's total paid-up equity share capital as on the March 20, 2026 cut-off date was Rs. 4,71,68,462. Postal ballot forms were not dispatched; voting was conducted exclusively through NSDL's e-voting platform. Both resolutions were declared passed on April 30, 2026.
Both resolutions passed by an overwhelming majority, indicating strong shareholder support for the company's loan/guarantee transactions under Section 185 and material related party dealings. The near-unanimous approval reduces risk of future disputes over these transactions.