International Conveyors Limited - Outcome of Board Meeting

9 Sep 2022 , 12:00 AM

The Board of Directors of the Company at their meeting held on today i.e. September 09, 2022, approved the proposal for buyback of the Companys fully paid up equity shares having a face value of Re. 1/- (Indian Rupee One Only) each (the Equity Shares), from the members of the Company (except promoters, promoter group and persons in control of the Company) at a price not exceeding Rs. 75/- (Rupees Seventy Five Only) per Equity Share (Maximum Buyback Price), and such aggregate amount, Rs. 29.70 Crores (Rupees Twenty Nine Crores and Seventy Lacs only) (Maximum Buyback Size), through the open market route through the Indian stock exchanges i.e BSE Limited and National Stock Exchange of India Limited, subject to shareholders approval