Annual Report of the Company for the financial year 2025-2026

September 2, 2026 The Listing Department, The Listing Department, BSE Limited, National Stock Exchange of India Limited, P. J. Towers, Exchange Plaza, C – 1, Block – G, Dalal Street, Bandra – Kurla Complex, Bandra (East), Mumbai – 400001. Mumbai – 400051. Security ID : INDIANCARD Symbol : INDIANCARD Security Code : 509692 Series : EQ Madam / Sirs, SUB : Submission of Annual Report for the financial year 2025-2026. ------------------------------------------------------------------------------------------------------------------------------- This is to inform you that the 72nd Annual General Meeting (AGM) of the members of the Company is scheduled to take place on Thursday, September 24, 2026, at 2:00 p.m. (IST), through video conferencing (VC) facility / Other Audio Visual Means (OAVM) from the Registered office of the Company, i.e., 14th Floor, “B” Wing, AP-81, Koregaon Park Annexe, Mundhwa, Pune – 411036, which shall be deemed to be the venue of the meeting. Pursuant to Regulation 34(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), please find enclosed a copy of Annual Report for the financial year 2025-2026 together with the Notice of AGM for your information and records which has been sent electronically on September 2, 2026 to those Members whose email IDs are registered with the Company. The said AGM Notice and Annual Report is also available on the website of the Company at www.cardindia.com. This is for your information and record. Thanking you. Yours faithfully, For The Indian Card Clothing Company Limited Amogh Barve Company Secretary and Head Legal & Corporate Affairs Membership No: A33080 Encl.: As above FINANCIAL DATA SUMMARY OF FIVE YEARS DATA Rs. In Lakh IND AS Particulars for the year ended 31-Mar-26 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 STATEMENT OF PROFIT AND LOSS 1. Card Clothing Sales ( Net of Excise duty ) 3 ,412.51 3 ,440.75 4,123.53 5 ,151.18 5 ,233.41 4 ,043.87 Includes Export 1 ,190.76 1 ,807.88 2,017.00 1,822.65 1,128.05 2 Other Income Dividend & Interest 511.70 578.22 364.90 366.67 148.09 7 5.76 Profit / ( Loss ) On Sale Of Investment 344.03 296.21 364.54 520.65 320.27 148.17 Profit On Sale Of Assets 0 .37 18.77 0 .71 2 1.85 2 2,043.36 2 2.62 Rent and other operating Income 9 6.84 167.78 785.63 544.61 319.89 486.98 Others 1,357.87 3 ,493.65 1 ,259.71 347.92 102.30 8 2.54 Total 2 ,310.81 4 ,554.63 2,775.49 1 ,801.70 22,933.91 816.06 3 Material Cost Including Stock Change ( 1,053.02) (1,136.32) (1,357.68) ( 1,658.73) ( 2,068.53) ( 1,459.59) Material Cost to Net Sales % (0.31) (0.33) (0.33) (0.32) (0.40) (0.36) 4 Staff Cost ( 1,756.24) (1,733.84) (1,425.80) ( 1,427.39) ( 1,311.65) ( 1,196.84) 5 Other Expenses ( 1,778.18) (2,071.06) (2,401.79) ( 2,353.61) ( 1,955.81) ( 1,663.94) 6 Depreciation (399.09) (425.05) ( 462.41) (468.30) (425.60) (387.06) 7 Interest (79.42) (256.63) ( 212.29) (211.95) (203.51) (171.03) 8 Profit Before Exceptional Items and Tax 657.37 2 ,372.48 1 ,039.05 832.90 2 2,202.22 (18.53) 9 Exceptional item , VRS Payment ( 111.29) 7 ,614.44 (295.16) (264.89) - - 10 Profit Before Tax 546.08 9 ,986.92 743.89 568.01 22,202.22 (18.53) 11 Current & Deferred Tax 125.66 802.19 (44.34) 1 5.54 3,067.82 (70.31) 12 Profit After Tax 420.42 9 ,184.73 788.23 552.46 19,134.40 (88.84) 13 Earning Per Share Rs. 7 .08 154.58 13.27 9 .30 322.07 (1.70) 14 Dividend Per Share Rs. - - - 2 5.00 2 5.00 - BALANCE SHEET 15 Fixed Assets Gross Block 9,357.13 9 ,826.33 9 ,608.18 1 2,368.04 1 2,154.72 1 2,264.31 Depreciation ( 7,115.57) (6,896.18) (6,545.38) ( 7,661.79) ( 7,247.97) ( 8,171.81) Net Block 2 ,241.56 2 ,930.15 3,062.80 4 ,706.25 4 ,906.75 4 ,092.50 16 Investments 2 7,502.71 2 5,384.06 18,601.49 1 5,648.19 3,409.51 994.94 17 Other Current and non Current Assets 6,692.99 9 ,086.97 6 ,841.82 7,574.67 2 1,086.04 5,455.63 18 Less : Current and non Current liabilities and Provisions ( 1,680.50) (1,876.78) (2,041.50) ( 2,035.07) ( 1,268.62) ( 1,415.75) 19 Net Current and Non Current Assets 5 ,012.49 7 ,210.19 4,800.32 5 ,539.60 19,817.42 4 ,039.88 20 Deferred Tax (369.61) (315.05) 370.43 146.57 176.26 302.38 APPLICATION OF FUNDS 34,387.15 35,209.35 26,835.04 26,040.61 28,309.94 9 ,429.69 21 Share Capital 594.11 594.11 594.11 594.11 594.11 594.11 22 Reserves & Surplus 3 3,793.04 3 3,328.99 24,153.43 2 3,389.25 2 5,820.33 6,676.10 23 Borrowings - 1 ,286.25 2 ,087.50 2,057.25 1,895.50 2,159.48 SOURCES OF FUNDS 34,387.15 35,209.35 26,835.04 26,040.61 28,309.94 9 ,429.69 Figures for financial year 2017-18 and 2018-19 are restated as per IND AS. THE INDIAN CARD CLOTHING COMPANY LIMITED BOARD OF DIRECTORS Mr. Prashant Trivedi Chairman Mr. Mehul Trivedi Deputy Chairman Mr. Jyoteendra Kothary Director (Resigned w.e.f September 1, 2026) Mr. Sanjeevkumar Karkamkar Director Mr. Darshan Bhatia Independent Director Mr. Chirag Shah Independent Director Mr. Gurudas Vishwas Aras Independent Director Ms. Shivangi Kanvinde Independent Director AUDITORS BANKERS P.G. Bhagwat LLP HDFC Bank Limited Chartered Accountants, Union Bank of India Suites 101 – 102, ‘Orchard’, ICICI Bank Dr. Pai Marg, Baner, . Pune – 411 045. MANAGEMENT TEAM Mr. Darshan Sheth Chief Executive Officer Mr. Laxmikant Rathi President – Sales & Marketing Mr. Amogh Barve Company Secretary and Head Legal & Corp. Affairs Mr. Ashok Kumar Pal VP – Product Development and Technical Support Mr. Gurpreet Singh Samrao Plant Head and Factory Manager ANNUAL GENERAL MEETING Thursday, September 24, 2026, 2:00 p.m. (IST) through two-way video conferencing (VC) facility / Other Audio Visual Means (OAVM) from the Registered office of the Company. REGISTERED OFFICE REGISTRAR AND TRANSFER AGENT 14th Floor, “B” Wing, AP-81, KFin Technologies Limited Koregaon Park Annexe, Mundhwa, Selenium Building, Tower - B, Pune – 411036, Maharashtra, India Plot No. 31 & 32, Financial District, Telephone : +91-20-61326700 Nanakramguda, Serilingampally, Fax : +91 20 61326721 Serilingampally, Hyderabad E-mail : investor@cardindia.com Rangareddy, Telangana, India – 500 032. Website : www.cardindia.com Phone Number : +91 40 -6716 1631 E-mail : einward.ris@kfintech.com 72nd Annual Report 2025-26 CONTENTS Notice 3 – 20 Board’s Report 21 – 39 Management Discussion and Analysis Report 40 – 48 Report on Corporate Governance 49 – 71 Independent Auditor’s Report on 72 – 84 Standalone Financial Statements Standalone Financial Statements 85 – 146 together with Notes to Accounts Independent Auditor’s Report on 147 – 155 Consolidated Financial Statements Consolidated Financial Statements 156 – 218 together with Notes to Accounts THE INDIAN CARD CLOTHING COMPANY LIMITED NOTICE NOTICE is hereby given that the Seventy-Second (72nd) Annual General Meeting (AGM) of the members of THE INDIAN CARD CLOTHING COMPANY LIMITED will be held on Thursday, September 24, 2026, at 2.00 p.m. (IST), through video conferencing (VC) facility / Other Audio-Visual Means (OAVM) from the Registered office of the Company, i.e., 14th Floor, “B” Wing, AP-81, Koregaon Park Annexe, Mundhwa, Pune – 411036 which shall be deemed to be the venue of the meeting to transact the following business: ORDINARY BUSINESS: 1) To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026 together with the reports of the Board of Directors and the Auditors thereon. 2) To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the report of the Auditors thereon. 3) To appoint a Director in place of Mr. Mehul K. Trivedi (DIN: 00030481), who retires by rotation and being eligible, offers himself for re-appointment. By Order of the Board of Directors For The Indian Card Clothing Company Limited Place : Pune Amogh Barve Date : August 14, 2026 Company Secretary and Head Legal & Corporate Affairs (Membership No. : A33080) 72 [Showing first 8,000 characters — download PDF for full document]