International Conveyors Ltd shares jump 1.61% as SEBI receives revised takeover disclosure
Why did International Conveyors Ltd shares jump today?
International Conveyors Ltd shares jumped 1.61% today, with the stock price rising to ₹81.39 as of 04:40 PM on Friday. This notable uptick in share price comes in response to a regulatory filing submitted to the stock exchanges.
The trigger for the investor interest was the submission of a revised disclosure under SEBI's Takeover Regulations. This filing, made by IGE (India) Private Limited, is an update to a previous disclosure made on July 14, 2026. The revised document, submitted on August 27, 2026, contains updated details in its annexures regarding the creation or release of pledges or other encumbrances on the equity shares of International Conveyors Limited.
Such disclosures are closely watched by the market as they provide transparency about major shareholders' actions, including any financial pledges made against their holdings. The updated filing, made in response to a communication from BSE Limited, likely provided clarity to investors, potentially resolving previous uncertainties and boosting confidence in the stock's governance and ownership structure, thereby driving the positive price movement.
What does International Conveyors Ltd do?
International Conveyors Limited is an entity headquartered in Kolkata, as indicated by its registered address at 10, Middletown Row, Post Box No. 9282, Kolkata – 700 071. The company is publicly listed, with its equity shares traded on the National Stock Exchange of India Limited and BSE Limited, requiring it to make regulatory disclosures to these exchanges.
Based on the document, the company's equity shares are subject to takeovers and the creation or release of pledges and encumbrances, as governed by SEBI regulations. The firm's interactions are with major Indian stock exchanges, confirming its status as a listed corporate entity.
International Conveyors Ltd Financials
In CroresInternational Conveyors Ltd experienced a significant decline in revenue, which fell from ₹97.03 Crores in March 2026 to ₹35.32 Crores in June 2026. Conversely, the company's profit saw a substantial increase, rising sharply from ₹3.99 Crores in March 2026 to ₹119.82 Crores in June 2026.
International Conveyors Ltd Shareholding Pattern
Promoter holding stands at 70.23% of the total share capital. Foreign Institutional Investors (FIIs) hold 0.62% stake in the company, while Domestic Institutional Investors (DIIs) hold 0.52%. Public shareholders hold the remaining 28.62% stake in International Conveyors Ltd.
International Conveyors Ltd FAQs
Q: Why did International shares jump 1.61% today?
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) ..... This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of International Conveyors Ltd?
As per the latest data, promoters hold 70.23% stake in International Conveyors Ltd, while FII holding stands at 0.62%. Domestic institutional investors hold 0.52%, and public shareholders account for 28.62% of the equity.
Q: What is the current stock price of International Conveyors Ltd?
International Conveyors Ltd shares are currently trading at ₹81.39, recording a gain of 1.61% from the previous close.
Q: What is the market capitalization of International Conveyors Ltd?
The company currently has a market capitalization of ₹519.11 crore, reflecting its valuation in the Indian equity market.