International Conveyors - Updates on Outcome of Board Meeting held on Oct 21, 2009

With reference to earlier annoucement dated October 21, 2009 regarding Stock Split, International Conveyors Ltd has now informed BSE that the actual resolution passed was for to sub-divide the existing face value from Rs. 10/-(Rupees Ten Only) per share
to Re. 1/- (Rupee One Only) per share. Consequently shareholders shall be entitled to 10 equity shares of Re. 1/- each for their holding of 1 equity share of Rs. 10/- each in the Company (post bonus issue).

The Company has further informed that in earlier annoucement dated October 21, 2009 the word (Pre bonus issue) should be read as (Post bonus issue).