The market cap of industrial sector-focused small-cap firm International Conveyors Ltd. is 425.59 crores. Since 1978, the Indian company International Conveyors Limited (ICL) has been manufacturing and selling Solid Woven Fabric Reinforced PVC Impregnated and PVC Coated Fire Retardant, Anti-Static Conveyor Belting. ICL is currently the second largest producer of PVC Solid Woven Belting in the world and exports over 90% of its production volume, making it a global leader in conveyor belting products and services. Existing shareholders and potential investors should be aware of the record date that the firm has established the 100% dividend objective.
The company in a stock exchange filing stated that its board of directors has recommended a dividend of “face value of Rs.1/- per equity share. 1/- each (being 100% of the face value) for the financial year 2021-22 ); subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM).”
They have further announced that “In accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register and Share Transfer Book of the Company shall be closed from Saturday, the 24th September, 2022 to Friday; for the financial year 2021-22.” For the purpose of final dividend taking record of the members of the company on 30th September, 2022 (both days inclusive) (if declared in the ensuing AGM) and for the purpose of 49th Annual General Meeting of the company held on 30th September, 2022 We would further like to inform that the Company has fixed Friday, 23rd September, 2022 as the record date and cut-off date to ascertain the physical form of the shares and the name of the shareholders holding the shares Dematerialized form for the purpose of payment of dividend (if declared in the ensuing AGM) and for the purpose of remote e-voting respectively.”
International Conveyors Limited (ICL) shares declined 0.32% since the end of yesterday. 63.25 and today closed at Rs. 63.05 One Piece. The stock has given a multibagger return of 308.09% in the last ten years and a multibagger return of 162.71% during the last five years. The stock has produced a multibagger return of 111.58% over the past three years, but in the past year, it has lost 13.98% of its value. The stock has dropped 12% YTD so far in 2022. The firm reported promoter holding of 66.33% for the quarter ended June 2022, which is significantly higher than its competitors Thermax, GMM Pfaudler, Praj Industries, and BEML Ltd. International Conveyors Limited (ICL) reported FII holding of 3.18%, DII holdings of 0.00%, lowest since September 2019, and highest since December 2019 for the quarter ended June, Public shareholding of 30.49 % Is. ,
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