NSEUpdates5d ago · 14 Aug 2026, 08:38 pm
Updates
International Conveyors Limited · INTLCONV
✦ AI SummaryPromoter Reclassif.
International Conveyors Limited has informed the Exchange that its Board of Directors has approved the request of Promoters for re-classification from 'Promoter and Promoter Group' category to 'Public' category.
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Earnings Impact1/10
Growth Catalyst1/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment5/10
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Full Announcement
International Conveyors Limited has informed the Exchange regarding 'Pursuant to Regulation 31A of SEBI (LODR) regulation, 2015, we would like to inform that Board of Directors at its meeting held on August 14, 2026, have approved the request of Promoters for re-classification from "Promoter and Promoter Group" category to "Public" category.'.
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ICL/DS/2026-27/332 August 14, 2026
The Manager The General Manager
Listing Department Dept. Of Corporate Services
National Stock Exchange of BSE Ltd.
India Ltd Phiroze Jeejeebhoy Towers
Exchange Plaza, Dalal Street,
Plot No C-1, G Block, Mumbai-400001
Bandra- Kurla Complex, Scrip Code-509709
Bandra (East),
Mumbai-400051
Symbol-INTLCONV
Dear Sir,
Subject: Intimation pursuant to Regulation 31A of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 and amendments thereof
In continuance to our intimation submitted to Stock Exchanges on August 14, 2026 vide letter no
ICL/DS/2026-27/331 and pursuant to Regulation 31A(8) of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), we
hereby inform you that, the request letters, dated August 14, 2026, received from Ms. Smiti Somany and
Ms. Pushpa Bagla, (“applicants”) promoters seeking re-classification from the ‘Promoter and Promoter
Group’ category shareholders to ‘Public’ category shareholders, was placed before the Board of Directors
of the Company at their meeting held today i.e. Friday, August 14, 2026.
The Board considered the request letters received from the above-mentioned promoters and noted that they
are not, directly or indirectly, associated with the business of the Company and do not have any
influence over the business and policy decisions made by the Company. Board also noted that the
applicants are not involved in the day-to-day activities of the Company nor they are exercising any
control over the affairs of the Company.
The Board thereafter confirmed that the aforesaid persons seeking reclassification along with persons
related thereto as defined under Regulation 2(I)(pp) of SEBI (Issue of Capital and Disclosure
Requirements) Regulations, 2018:
a) do not hold more than ten percent of the total voting rights in the listed entity;
b) do not exercise control over the affairs of the listed entity, directly or indirectly;
c) do not have any special rights with respect to the listed entity through formal or informal arrangements
including through any shareholder agreements;
d) are not being represented on the board of directors (including not having a nominee director) of the
listed entity;
e) do not act as key managerial personnel of the listed entity;
f) are not a ‘wilful defaulter(s)’ as per the Reserve Bank of India Guidelines;
g) are not a fugitive economic offender.
The Board further stated that the reclassification of the Applicants will not have any impact on the
operations of the Company, or on the Board/ Management/ Shareholders of the Company.
Accordingly, the Board approved the Applicants’ request for reclassification, subject to compliance
with the requirements under Regulation 31A of the LODR Regulations, including obtaining approval
from the shareholders, as may be required.
Please take the same on your records.
Thanking You,
Yours faithfully,
For International Conveyors Limited
Dipti Sharma
Company Secretary & Compliance Officer