International Conveyors Limited Acquires Equity Stake in Religare Enterprise Limited for ₹7.50 Crore

International conveyors Limited has disclosed the acquisition of equity shares in Religare Enterprise Limited under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company filed the mandatory disclosure with both NSE and BSE on February 25, 2026. Acquisition Details The acquisition involves a strategic investment in Religare Enterprise Limited, a prominent player in India's financial services sector. The transaction was structured as a cash consideration deal completed on February 25, 2026. Parameter Details Target Company Religare Enterprise Limited Shares Acquired 3,60,000 equity shares Total Consideration ₹7.50 crore Nature of Consideration Cash Completion Date February 25, 2026 Purpose Investment Target Company Profile Religare Enterprises Limited operates as the holding company for one of India's leading diversified financial services groups. The company provides an integrated suite of financial services through its underlying subsidiaries and operating entities. Key Business Segments: Loans to Small and Medium Enterprises (SMEs) Affordable Housing Finance Health Insurance Capital Markets services Financial Performance Religare Enterprise Limited has demonstrated consistent growth in its financial performance over the past three years. The company's turnover trajectory shows steady expansion across the review period. Financial Year Turnover (₹ in Crore) FY 2024-25 7354.236 FY 2023-24 6234.786 FY 2022-23 4676.456 Regulatory Compliance The acquisition does not fall within related party transactions, and no promoter or group companies have any interest in the acquired entity. The transaction did not require any governmental or regulatory approvals, streamlining the completion process. Strategic Implications This acquisition represents International Conveyors Limited's entry into the financial services sector through its investment in Religare Enterprise Limited. The move diversifies the company's portfolio beyond its traditional conveyor belt manufacturing business into India's growing financial services market. International Conveyors Limited has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results at their meeting held on February 13, 2026, which commenced at 2:30 P.M. and concluded at 4:30 P.M. Financial Performance Overview The company's financial performance for Q3FY26 demonstrates solid operational results across both standalone and consolidated metrics. Metric Standalone Q3FY26 Consolidated Q3FY26 Revenue from Operations ₹3461 lakhs ₹3534 lakhs Other Income ₹3557 lakhs ₹3565 lakhs Total Income ₹7018 lakhs ₹7099 lakhs Total Expenses ₹3185 lakhs ₹3245 lakhs Profit After Tax ₹2950 lakhs ₹2968 lakhs Nine Months Performance For the nine months ended December 31, 2025, the company showed consistent performance across key financial parameters. Parameter Standalone 9M FY26 Consolidated 9M FY26 Revenue from Operations ₹10782 lakhs ₹11610 lakhs Other Income ₹6898 lakhs ₹6922 lakhs Total Income ₹17680 lakhs ₹18532 lakhs Profit After Tax ₹6295 lakhs ₹6439 lakhs Segment-wise Revenue Performance The company operates across multiple business segments with varying contributions to overall revenue: Conveyor Belts: ₹3160 lakhs (Q3FY26 standalone) Trading Goods: ₹274 lakhs Wind Energy: ₹20 lakhs Unallocated: ₹14 lakhs Earnings Per Share and Capital Structure The company reported basic and diluted earnings per share of ₹4.65 for Q3FY26 on a standalone basis and ₹4.68 on a consolidated basis. The paid-up equity share capital stands at ₹638 lakhs with a face value of ₹1 per share. During the quarter under review, 4,02,000 shares were allotted under ICL Employee Stock Option Plan 2020. This increased the total paid-up share capital from 6,33,79,000 equity shares to 6,37,81,000 equity shares of ₹1 each. Subsidiary Structure The consolidated results include the following entities: Entity Relationship International Belting Limited Subsidiary Conveyors Holdings Pte Limited Subsidiary International Conveyors America Limited, INC Subsidiary International Conveyors Australia PTY LTD Step down subsidiary Audit and Compliance The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors. G.P. Agrawal & Co., Chartered Accountants, conducted a limited review of the financial results and expressed an unqualified conclusion. The results comply with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. 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