Welcome To Our ICL
International Constructions Ltd., (ICL) was incorporated on 1/08/1983 under the name M/s Johar Chain Industries Ltd. The company’s name was changed in 1990 to M/s SPML Industries Ltd., then in 1994 to M/s Subhash Capital City Ltd & finally in 1998 to M/s International Constructions Ltd.
The Equity Shares of ICL are listed on NSE & Kolkata Stock Exchange.
ICL has its Registered office at Golden Enclave, Corporate Block,Tower B1, 5th floor, HAL Old Airport Road, Bengaluru - 560017
ICL has eminent Directors on its Board viz Mr. Anil Kumar Sethi, Ex-Chairman of SPML, a leading Infrastructure & Listed Company, Mr. Amitava Basu, a Post Graduate from Electrical Engineering from NIT. It has a woman Director on Board namely Mrs. Priti Devi Sethi, wife of Mr. Anil Kumar Sethi. The other Director is Mr. Subhash Kumar Jain who has good experience as Director in other Companies.
ICL is owned by the promoters namely Mr. Anil Kumar Sethi & Family with their stake for 72% and by the promoter company for 14% and the balance 14% by the Public. It is part of ADD Group of Companies based in Bangalore.
ICL is mainly engaged in job contract works & financing activities. The job contract works are undertaken mainly in infrastructure sector as and when it gets an opportunity for the same to add its revenues. Under finance activity being an NBFC registered with RBI, ICL borrows funds from the market / Group Companies & deploys the same in income yielding activities such as on lending, shares purchase mostly in Group Companies.
The Reserve Bank of India on 17.7.2018 has cancelled its ‘Certificate of Registration’ issued to our company for doing NBFC business as the company has failed to achieve the Net Owned Fund of two hundred lakhs of rupees before April 1, 2017.
Mr. S Nakkiran joined as Company Secretary of the Company
Mr. Om Prakash Sharma was appointed as CEO of the Company
The trading of the shares of the Company are under suspension by the NSE since 2001 and efforts have been continuously taken up with NSE to revoke the suspension by submission of required documents to NSE and due interaction with them and it is in the process of revocation by NSE.