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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
International Conveyors Ltd

International Conveyors acquires Jain Resource Recycling for 5 Crore

M&A ● No Immediate Change LOW RISK
📅 Filed on BSE: 11 May 2026, 08:57 PM IST  ·  BSE ID: 2d02f607-9c2d-4ef8-a8eb-bd17abe789f8
View Original BSE Filing (PDF)
💡
In Simple Terms
The company bought shares in Jain Resource Recycling, a metal recycling firm, for 5 Crore as an investment.
🤖 AI Summary
  • International Conveyors Limited acquired 87,105 equity shares of Jain Resource Recycling Limited for 5 Crore.
  • Jain Resource Recycling reported a turnover of 7125.77 Cr as per its last audited financials (FY 2024-25).
  • The acquisition was completed on May 11, 2026, with cash consideration used for investment purposes.
  • Jain Resource Recycling, incorporated in 2022, specializes in recycling non-ferrous metal scrap and commodity trading.
  • The acquisition is not a related party transaction and involved no governmental or regulatory approvals.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Turnover (FY 2024-25) of Jain Resource Recycling Limited
7125.77 Cr
Cost of acquisition
5 Crore
Number of shares acquired
87,105 equity shares
Turnover (FY 2023-24) of Jain Resource Recycling Limited
2969.58 Cr
Turnover (FY 2022-23) of Jain Resource Recycling Limited
1927.01 Cr
🏢 How This Affects the Company
📈
Business Impact
The acquisition expands International Conveyors' portfolio into the diversified metals recycling and trading industry through an investment purpose.
💰
Financial Impact
The company incurred a cash outflow of 5 Crore for this acquisition. Jain Resource Recycling's last audited turnover was 7125.77 Cr.
👥 What This Means For Shareholders
✅
Action Required
No action is required by shareholders based on this filing.
👤
Who Is Affected
Shareholders of International Conveyors Limited are indirectly affected as 5 Crore of company cash has been used for this investment.
🔍
Management Signal
This acquisition signals management's intent to diversify the company's investment portfolio by entering the diversified metals sector.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Future disclosures on the financial performance of Jain Resource Recycling.
International Conveyors' next quarterly financial results for capital allocation details.
Any further disclosures regarding the strategic intent or additional investments in Jain Resource Recycling.
LOW RISK The acquisition is for investment purposes with a stated cash consideration of 5 Crore, indicating limited immediate financial exposure.
💡 Investor Takeaway
International Conveyors Limited completed the acquisition of 87,105 equity shares of Jain Resource Recycling Limited for 5 Crore cash consideration. Jain Resource Recycling, a non-ferrous metal recycling company, reported a turnover of 7125.77 Cr in FY 2024-25. The acquisition is classified for investment purposes.
⚖️ Strengths & Concerns

✅ Positives

  • Jain Resource Recycling reported substantial turnover of 7125.77 Cr in FY 2024-25, indicating an established presence in its sector.
  • The target entity, incorporated in 2022, has LME-registered lead ingots, suggesting adherence to international quality standards.

⚠️ Concerns

  • The filing does not disclose the percentage of shareholding or control acquired, limiting the clarity on the extent of influence over the target.
  • The acquisition cost of 5 Crore for a company with 7125.77 Cr turnover suggests a minority stake, potentially limiting strategic control.
📅 Company Track Record
International Conveyors has recently pursued other investment activities, including a Rs. 3.13 Crore cash acquisition of 1,40,000 Religare Enterprise shares on April 09, 2026, for portfolio diversification. Separately, Amaranth Daksha acquired 24,15,000 shares (3.79%) from promoter IGE on April 03, 2026, joining the promoter group.

Based on publicly available historical data. For context only.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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