International Conveyors Subsidiary Conversion to Private

Date: November 07, 2026

Board of Directors of International Belting Limited (Wholly Owned Subsidiary) approved proposal for conversion from Public Limited Company to Private Limited Company
Meeting held on November 07, 2026
Conversion subject to approval of subsidiary's shareholders
Conversion subject to approval of Regional Director, Ministry of Corporate Affairs
Conversion subject to other required statutory approvals

Proposed name change from "International Belting Limited" to "International Belting Private Limited" upon completion of formalities
Conversion to be completed under applicable provisions of Companies Act, 2013
Conversion represents change in legal status only
No material impact on business operations of International Conveyors Limited
International Belting Limited will continue to remain Wholly Owned Subsidiary