Tranche Update on International Conveyors Limited's Equity Buyback Plan announced on September 9, 2022.

International Conveyors Limited is engaged in the manufacture and marketing of solid woven fabric reinforced polyvinyl chloride (PVC) impregnated and PVC covered fire retardant, anti-static conveyor belting in India. Its segments include Conveyor Belts, Wind Energy, Trading Goods, and Investment. The Conveyor Belts segment includes manufacturing and sale of PVC Conveyor Belting. The Wind Energy Segment includes generation, supply, and sale of wind power (electricity). The primary product of the Company is PVC Fire Resistant Antistatic Solid Woven Coal Conveyor Belting, and it is also engaged in wind power generation with a capacity of about 4.65 MW, with locations spread across Gujarat, Maharashtra, Karnataka and Andhra Pradesh. It manufactures a range of products comprising type-3 to type-6. Through its PVC compounds, customizable cover thickness and its solid woven carcass, its belt is suitable for conveying coal, potash, phosphate, fertilizer, clay, gypsum, and salt.