Notice No.   20221102-2   Notice Date   02 Nov 2022
Category   Company related   Segment   Equity
Subject   Buyback of the shares of International Conveyors Limited (Scrip code: 509709)

 1.       Trading Members are hereby informed that International Conveyors Limited (Scrip code: 509709) has announced buyback of its fully paid-up equity shares of face value of Rs. 1/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs. 75/- (Rupees Seventy-Five Only) per equity share payable in cash for an aggregate amount not exceeding Rs. 29.70 crores (Rupees Twenty-Nine Crores and Seventy Lacs only)


2.       Proposed timetable for buyback:

Date of Opening of the Buyback

November 03, 2022

Last Date for the Buyback





Earlier of:

(a)May 03, 2023 (that is six months from the date of the opening of the Buyback); or

(b)when the Company completes the Buyback by deploying the amount equivalent to the Maximum Buyback Size; or

(c) at such earlier date as may be determined by the Board or Buyback Committee, after giving notice of such earlier closure, subject to the Company having deployed an amount equivalent to the Minimum Buyback Size (even if the Maximum Buyback Size has not been reached or the Maximum Buyback Shares have not been bought back), provided, that all payment obligations relating to the Buyback shall be completed before the last date for the Buyback.


3.       Broker Members for buyback:


The company has appointed the following BSE Trading Members through whom the purchases and settlement on account of the buyback would be made:

Name of the Member   

Clearing No

Keynote capitals Limited



4.       Details of Shares held in DEMAT Form.

The Trading Members may note that the Equity Shares held in DEMAT form can be offered for Buyback to the Company in rolling settlement, as per details mentioned below:

 Scrip Code No


 Market Lot

 1 Share

 Scrip ID



5.       Circuit Filters, Margins, Capital Adequacy Norms, Auction, Close out, Bad Delivery, Arbitration, etc. are applicable in case of buyback as in the case of the normal trading.


6.       Institutional Investors are allowed to participate in the buyback.


7.       The documents are available in Department of Corporate Services for inspection. In case of any queries /clarifications on the scheme of buyback, Trading Members may please contact the under mentioned persons:


  • Investor Service Centre:

Maheshwari Datamatics Private Ltd

23, R. N. Mukherjee Road, 5th Floor, Kolkata-700001.

Phone: 033–2248 2248/2243 5029



Contact person: Ravi Kumar Bahl

SEBI registration no.: INR000000353


  • Merchant Banker to the Buyback:

Keynote Financial Services Limited

The Ruby, 9th Floor, Senapati Bapat Marg

Dadar (West), Mumbai – 400 028

Phone: 022 – 6826 6000

Contact person: Sunu Thomas



SEBI registration no.: INM 000003606


  • At the Company:

Dipti Sharma, Company Secretary & Compliance Officer of the Company

10A Middleton Row, 4 th Floor, Kolkata-700071

Phone:  033 4001 0061



·         At the Exchange:

Clearing & Settlement Department -

Mr. Nilesh Shah/Ajay Darji - Extn: 022-2272-8704/8468 (For Clearing & Settlement)


Trading Department -

Trading Operations - Extn: 022-2272- 8376 (For Trading Related)


Help desk - Extn: 61363100 (Hunting) (For BOLT System)


Listing Operations Department –

Mr. Raghavendra Bhat - Extn: 022-2272-8915 (For General Queries)


Rupal Khandelwal

Assistant General Manager

Wednesday, November 02, 2022