International Conveyors Ltd, a small-cap company with a concentration on the industrial sector, with a market worth of ₹425.59 billion. International Conveyors Limited (ICL), an Indian corporation, has been manufacturing and marketing solid woven fabric reinforced fire retardant, anti-static conveyor belting since 1978.

ICL is a global pioneer in conveyor belting goods and services. It is now the second-largest producer of PVC solid woven belting in the world and exports more than 90% of its total volume. The record date that the company has set for the purposes of a 100% dividend must be known to current shareholders and prospective investors.

The company has said in stock exchange filings that its Board of Directors has “Recommended a dividend of Re.1/- per equity share face value of Rs. 1/- each (Being 100% of the face value) for the Financial Year 2021-22; subject to the approval of shareholders at the forthcoming Annual General Meeting (AGM).”

They have further announced that “Pursuant to regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register and Share Transfer Book of the Company will remain closed from Saturday, September 24, 2022 to Friday; September 30, 2022 (both days inclusive) for taking record of the members of the Company for the purpose of final dividend for the FY 2021-22, (if declared at the ensuing AGM) and for the purpose of 49th Annual General Meeting of the Company to be held on September 30, 2022.

We also want to let you know that the Company has set Friday, September 23, 2022 as the record date and cut-off date for determining the shareholders’ names who hold shares in physical or dematerialized form for the purposes of receiving dividends (if any are declared at the next AGM) and participating in remote e-voting, respectively.

Shares of International Conveyors Limited (ICL) finished today at Rs. 63.05, down 0.32% from yesterday’s closing of Rs. 63.25. Over the last 10 years, the stock has generated a multibagger return of 308.09%, and over the last five years, a multibagger return of 162.71%.

Over the last three years, the company has generated a multibagger return of 111.58%, but in the most recent year, it has lost 13.98% of its value. The stock price has decreased 12% YTD in 2022.

For the quarter that ended in June 2022, the company recorded a promoter stake of 66.33%, a figure that is much greater than that of its rivals Thermax, GMM Pfaudler, Praj Industries, and BEML Ltd.

For the three months that ended in June, International Conveyors Limited (ICL) reported FII holdings of 3.18%, DII holdings of 0.00%, both of which are the lowest since September 2019, and public shareholdings of 30.49%, which are the largest since December 2019.