BSEInsider Trading / SAST28 Aug 2026 · 28 Aug 2026, 10:20 am
The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 27, 2026 for IGE (India) ....
International Conveyors Ltd · 509709
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International Conveyors Ltd revised disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011, regarding encumbrance of shares by I G E (India) Private Limited and others.
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International Conveyors Ltd - 509709 - Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
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Date: August 27, 2026
1) National Stock Exchange of India Limited
Exchange Plaza, Bandra Kurla Complex,
Bandra (East), Mumbai – 400051.
2) BSE Limited
Floor 25, P. J. Towers,
Dalal Street, Mumbai,
Mumbai – 400001.
3) International Conveyors Limited
10, Middletown Row Post Box No. 9282, Kolkata – 700 071
Dear Sir,
Sub: Disclosure pursuant to Regulation 31 of the Securities and Exchange Board of India (Substantial
Acquisition of Shares and Takeovers) Regulations 2011, as amended (“Takeover Regulations”) and
SEBI Circular No. SEBI/HO/CFD/DCR1/CIR/P/2019/90 dated August 7, 2019 read with SEBI
Circular No. CIR/CFD/POLICYCELL/3/2015 dated August 5, 2015 (“SEBI Circulars”), inter alia in
relation to creation/ release (as applicable) of pledge and other encumbrances over the equity shares
of International Conveyors Limited (“Target Company”).
Ref: Disclosure dated July 14, 2026, made pursuant to Regulation 31 of the Takeover Regulations.
This is in continuation of our earlier disclosure dated July 14, 2026, made pursuant to Regulation 31 of the
SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ("Takeover Regulations").
In response to the communication received from BSE Limited, please find attached the updated disclosures
in “Annexure I” and “Annexure II” in accordance with Regulation 31 of the Takeover Regulations read
with relevant SEBI Circulars.
Please take the updated disclosures on record and disseminate the same.
For I G E (India) Private Limited
Arpit Tapadia
Director
DIN: 09837980
Encl.: Annexure I and Annexure II
ANNEXURE 1
Disclosure by the Promoters to the Stock Exchanges and to the Target Company for encumbrance of shares/invocation of encumbrance/release of encumbrance, in terms of Regulations 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares
and Takeovers) Regulations, 2011 (Annexure 1)
Name of the Target Company (TC) International Conveyors Ltd
Names of the stock exchanges where the shares of the target company are listed BSE Limited and National Stock Exchange of India Limited
Updated Reporting on August 27, 2026 ( for disclosure reported on July 14, 2026 )
Date of reporting
Names of the promoters or PAC on whose shares encumbrance has been created/ released/
I G E (India) Private Limited, R.C.A Limited, Amaranth Daksha Private Limited, Surbhit Dabriwala and Yamini Dabriwala
invoked
Details of the creation of encumbrance:
Post event holding of
Promoter holding Details of events pertaining to encumbrance
Promoter holding in encumbered shares {creation
already encumbered (3)
the target company (1) [(2)+(3)]/release [(2)-
(3)]/invocation [(1)-(3)]}
Name of the
Name of the promoter(s) or
Type of entity in
PACs with him % of % of total Type of event Date of creation/
Number encumbrance % of whose % of total
total share (creation / release/ Reasons for
Number (pledge/ lien/ non Number share favour Number share
share capital release / invocation of encumbrance*
disposal capital shares capital
capital invocation) encumbrance
undertaking/ others) encumbere
Smiti Somany 7,90,000 1.24 - - - - - - - - - - -
Sujata Saraf 1,00,000 0.16 - - - - - - - - - - -
Pushpa Bagla 31,359 0.05 - - - - - - - - - - -
Ritu Dalmia - 0.00 - - - - - - - - - - -
I G E (India) Private Limited(1) 2,92,87,560 45.92 2,92,87,5 45.92 Creation July 11, 2026 Others Security for the 2,92,87,560 45.92 In favour of 2,92,87,560 45.92
60 additional rupee term CTL
loan facility availed Trusteeship
by Zenox Limited
Technology Services acting as
Private Limited Security
Trustee (the
name of the
lender is
Kotak
Mahindra
Bank
Limited)
Dabri Properties & Trading Co 17,84,000 2.80 - - - - - - - - - - -
Pvt. Ltd.
Elpro International Limited 13,14,823 2.06 - - - - - - - - - - -
R.C.A Limited(1) 6,27,520 0.98 6,27,520 0.98 Creation July 11, 2026 Others Security for the 6,27,520 0.98 In favour of 6,27,520 0.98
additional rupee term CTL
loan facility availed Trusteeship
by Zenox Limited
Technology Services acting as
Private Limited Security
Trustee (the
name of the
lender is
Kotak
Mahindra
Bank
Limited)
Amaranth Daksha Private 24,15,000 3.79 24,15,000 3.79 Creation July 11, 2026 Others Security for the 24,15,000 3.79 In favour of 24,15,000 3.79
Limited(1) additional rupee term CTL
loan facility availed Trusteeship
by Zenox Limited
Technology Services acting as
Private Limited Security
Trustee (the
name of the
lender is
Kotak
Mahindra
Bank
Limited)
Surbhit Dabriwala(2) 80,83,355 12.67 - - Creation July 11, 2026 Others Security for the 80,83,355 12.67 In favour of 80,83,355 12.67
additional rupee term CTL
loan facility availed Trusteeship
by Zenox Limited
Technology Services acting as
Private Limited Security
Trustee (the
name of the
lender is
Kotak
Mahindra
Bank
Limited)
Yamini Dabriwala(2) 3,59,900 0.56 - - Creation July 11, 2026 Others Security for the 3,59,900 0.56 In favour of 3,59,900 0.56
additional rupee term CTL
loan facility availed Trusteeship
by Zenox Limited
Technology Services acting as
Private Limited Security
Trustee (the
name of the
lender is
Kotak
Mahindra
Bank
Limited)
4,47,93,517 70.23 3,23,30,0 50.69 4,07,73,335 63.93%
Total - - - - - - -
80 %
(1) The facility agreement dated July 11, 2026 entered into between Zenox Technology Services Private Limited, Kotak Mahindra Bank Limited (lender) and CTL Trusteeship Limited (security trustee), as may be amended/ restated from time to time (“Facility
Agreement”), contains certain contractual covenants in relation to the equity shares of the Company, which may fall within the definition of “encumbrance” under Chapter V of the Takeover Regulations. Further, the deed of corporate guarantee dated July
11, 2026 entered into between I G E (India) Private Limited (as the guarantor) and CTL Trusteeship Limited (as the security trustee) (“Deed of Corporate Guarantee”) contains certain contractual covenants in relation to the equity shares of the Company,
which may fall within the definition of “encumbrance” under Chapter V of the Takeover Regulations.
(2) The Facility Agreement and Deed of Corporate Guarantee contain a contractual covenant in respect of IGE to procure non-dilution of shareholding of Surbhit Dabriwala and Yamini Dabriwala (individual promoters in the Company), which may fall within
the definition of “encumbrance” under Chapter V of the Takeover Regulations and is being disclosed out of abundant caution.
Pursuant to the above, encumbrance has been created over an aggregate of 4,07,73,335 equity shares representing 63.93% of the total share capital of the Company. Further, for abundant clarity, note that the promoter-holding already encumbered prior to the
execution of the aforesaid agreements was 3,23,30,080 equity shares representing 50.69% of the total share capital, and the promoter-holding now encumbered post execution of the aforesaid agreements is 4,07,73,335 equity shares representing 63.93% of the
total share capital.
For and on behalf of IGE (India) Private Limited
Arpit Tapadia
Director
DIN: 09837980
Place: Mumbai
Date: August 27, 2026
ANNEXURE – II
Disclosure of reasons for encumbrance
(In addition to Annexure - I prescribed by way of circular dated August 05, 2015)
Name of listed company International Conveyors Ltd
Name of the recognised stock exchanges where the shares of the company are listed BSE Limited and National Stock Exchange of India Limited
Name of the promoter(s) / PACs whose shares have been encumbered I G E (India) Private Limited, R.C.A Limited, Amaranth Daksha Private Limited, Surbhit Dabriwala and Yamini Dabriwala
Total promoter shareholding in the listed company No. of shares: 4,47,93,517
% of total share capital: 70.23%
Encumbered shares as a % of promoter shareholding 91.03%
Whether encumbered share is 50% or more of promoter shareholding YES / NO
Whether encumbered share is 20% or more of total share capital YES / NO
DETAILS OF ALL THE EXISTING EVENTS/ AGREEMENTS PERTAINING TO ENCUMBRANCE
Encumbrance
(Date of creation of encumbrance: July 11, 2026 )
Type of encum
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