International Conveyors Promoters Seek Public Reclassification

Date: August 14, 2026

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The Board of Directors considered the reclassification requests from Ms. Smiti Somany and Ms. Pushpa Bagla at its meeting held on August 14, 2026
The consideration was made in accordance with Regulation 31A of the SEBI LODR Regulations

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Promoter Reclassification Request Details:

The company received formal request letters dated August 14, 2026 from:

1. Pushpa Bagla

Current holding: 31,359 equity shares (0.05% shareholding)
Promoter category
Stated reasons: Not associated with business of company, no influence over business and policy decisions, not involved in day-to-day activities, not exercising control over company affairs

2. Smiti Somany

Current holding: 7,90,000 equity shares (1.24% shareholding)
Promoter category
Stated reasons: Not associated with business of company, no influence over business and policy decisions, not involved in day-to-day activities, not exercising control over company affairs

Regulatory Compliance Undertakings:

Both promoters provided identical undertakings confirming:

They do not hold more than 10% of total voting rights in the company
They do not exercise control over company affairs directly or indirectly
They have no special rights through formal or informal arrangements including shareholder agreements
They are not represented on the board of directors (including through nominee director)
They are not acting as key managerial persons in the company
They are not willful defaulters as per RBI guidelines
They are not fugitive economic offenders
There is no pending regulatory action against them
They will continue to comply with conditions under Regulation 31A(3)(b) of SEBI LODR Regulations
They will comply with specific conditions for at least three years from reclassification date

Document Reference:

Dipti Sharma, Company Secretary & Compliance Officer