NSEOutcome of Board Meeting1d ago · 3 Nov 2026, 07:04 pm
Outcome of Board Meeting
Indian Card Clothing Company Limited · INDIANCARD
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Indian Card Clothing Company Limited has informed the Exchange regarding Outcome of Board Meeting held on November 03, 2026. The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, appointed Ms. Manasi M. Nisal as the Chief Financial Officer, approved an Overdraft Facility of Rs. 30 million from ICICI Bank Limited, and proposed the appointment of Mr. Tushar Arvind Vaidya as a Non-Executive Non-Independent Director.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment5/10
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Indian Card Clothing Company Limited has informed the Exchange regarding Outcome of Board Meeting held on November 03, 2026.
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THE INDIAN CARD CLOTHING COMPANY LIMITED g qq
Registered Office : 14" Floor, “B” Wing, AP81, Koregaon Park Annexe, Mundhwa, Pune 411036, Maharashtra, India.
Tel. : 491-20-61326700, Fax : +91-20-61326721
Manufacturing Plant : Village - Manjholi, Nalagarh - Ropar Road, Tehsil - Nalagarh, Dist. - Solan 174101, (H.P) India.
Tel. : +91-17-95-660400
November 3, 2026
To, To,
The Listing Department, The Listing Department,
BSE Limited, National Stock Exchange of India Limited,
P. J. Towers, Dalal Street, Exchange Plaza, C — 1, Block - G,
Mumbai — 400001. Bandra — Kurla Complex, Bandra (East),
Mumbai — 400051.
Security ID : INDIANCARD Symbol : INDIANCARD
Security Code : 509692 Series :EQ
Madam / Sir,
SUB : Disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“SEBI LODR”) — Outcome of the Board
Meeting of the Company held on November 3, 2026 and other disclosures
This is to inform you that the Board of Directors of the Company in its meeting held today, which
commenced at 4:00 p.m. IST and concluded at 6:00 p.m. IST, has:
1) based on the recommendations of the Audit Committee approved the unaudited
standalone and consolidated financial results of the Company for the quarter and half year
ended September 30, 2026. In the said meeting, the Board of Directors has duly
authorized Mr. Sanjeevkumar Karkamkar (DIN: 00575970), Non-Executive Director of the
Company to sign the unaudited Standalone and Consolidated Financial Results of the
Company for the quarter and half year ended September 30, 2026.
Please find enclosed the unaudited standalone and consolidated financial results of the
Company for the quarter and half year ended September 30, 2026, together with the
Limited Review Report of the Statutory Auditors thereon.
2) based on the recommendation of the Nomination & Remuneration Committee and the
approval of the Audit Committee in their respective meetings held earlier today, appointed
Ms. Manasi M. Nisal as the ‘Chief Financial Officer’ (whole-time key managerial
personnel) of the Company effect from November 4, 2026. The details as required under
Regulation 30 of the SEBI LODR read with the SEBI Master Circular No.
HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026 are enclosed
herewith as “Annexure A”.
Page 10of4
CIN : L29261PN1955PLC009579 @ www.cardindia.com [X] info@cardindia.com
THE INDIAN CARD CLOTHING CO. LTD.
14 Floor, “B” Wing, AP-81, Koregaon Park Annexe,
Mundhwa, Pune — 411036, Maharashtra, India
CIN : L29261PN1955PLC009579
3) approved the proposal for availing an Overdraft Facility of Rs. 30 million from ICICI Bank
Limited.
4) approved the draft of the Postal Ballot Notice to be sent to the Shareholders for seeking
their approval on the proposal for appointment of Mr. Tushar Arvind Vaidya (DIN:
12014930) as a Non-Executive Non-Independent Director of the Company.
Necessary disclosure as required under Regulation 30 of the SEBI LODR regarding the
Postal Ballot Notice to be issued to the members shall be submitted separately in due
course.
You are requested to take the above disclosure on record.
Thanking you,
Yours faithfully,
For The Indian Card Clothing Company Limited
Digitally signed by
AMOGH AMOGH ARUN BARVE
Date: 2026.11.03
ARUN BARVE 18:37:28 +05'30'
Amogh Barve
Company Secretary and Head Legal & Corporate Affairs
Membership No. : A33080
Encl: As Above
Page 2 of 4
THE INDIAN CARD CLOTHING CO. LTD.
14 Floor, “B” Wing, AP-81, Koregaon Park Annexe,
Mundhwa, Pune — 411036, Maharashtra, India
CIN : L29261PN1955PLC009579
ANNEXURE A
DETAILS IN RESPECT OF APPOINTMENT OF MS. MANASI M. NISAL AS THE ‘CHIEF
FINANCIAL OFFICER’ WHOLE-TIME KEY MANAGERIAL PERSONNEL) OF THE
COMPANY:
The details, as required under Regulation 30 read with in Para A of Part A of Schedule Il of the
SEBI LODR and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated
January 30, 2026 are mentioned hereunder:
Sr. Particulars Details
1. | Reason for change viz. | Appointment of Ms. Manasi M. Nisal as the ‘Chief
appointment, re-appeintment, | Financial Officer (whole-time key managerial
i ion, removal, death—or | personnel) of the Company with effect from
otherwise November 4, 2026.
2. |Date of appointment/ re- | Appointment of Ms. Manasi M. Nisal as the ‘Chief
appointment, cessation (as | Financial Officer (whole-time key managerial
applicab& lteer)m of appointment | personnel) of the Company with effect from
| re-appointment November 4, 2026 on such terms and conditions
as may be mutually agreed between the Board of
Directors of the Company and Ms. Manasi M.
Nisal.
3. | Brief profle (in case of | Brief Profile of Ms. Manasi M. Nisal is enclosed
appointment) herewith.
4. | Disclosure of relationships | Not Applicable.
between directors (in case of
appointment of a director)
For The Indian Card Clothing Company Limited
AMOGH Digitally signed by
AMOGH ARUN BARVE
ARUN BARV Date: 2026.11.03
18:38:09 +05'30"
Amogh Barve
Company Secretary and Head Legal & Corporate Affairs
Membership No. : A33080
Page 3 of 4
THE INDIAN CARD CLOTHING CO. LTD.
14 Floor, “B” Wing, AP-81, Koregaon Park Annexe,
Mundhwa, Pune — 411036, Maharashtra, India
CIN : L29261PN1955PLC009579
BRIEF PROFILE OF MS. MANASI M. NISAL
Manasi M. Nisal is a seasoned Chartered Accountant with over 25 years of experience in
finance leadership, strategic planning, business transformation and corporate financial
management across diverse industries. She brings extensive expertise in financial strategy,
business planning, FP&A, IPOs and capital markets, fundraising, mergers and acquisitions,
treasury management, corporate governance, regulatory compliance and performance
optimisation. She has a strong track record of driving profitability, improving margins, optimising
working capital and strengthening financial controls and governance frameworks.
In her leadership roles as CFO and senior finance executive at organisations including Sequent
Scientific, Rossari Biotech, Huechem Textiles and Capacit’e Infraprojects, she has successfully
led critical business and financial initiatives. Notably, she spearheaded Rossari Biotech’s
successful IPO, raised over %500 crore through institutional and strategic funding, managed
finance and investor relations functions, and led SAP S/4HANA implementation. Her experience
also includes managing financial operations for a 1,500+ crore EPC business, ERP
transformation, cost optimisation and strategic business analytics.
A qualified Chartered Accountant from the Institute of Chartered Accountants of India, with a
Bachelor of Commerce degree, Manasi combines strong financial acumen with strategic
business understanding and technology-driven transformation capabilities. She is well-equipped
to drive sustainable growth, enhance financial performance, strengthen governance and support
strategic business objectives.
Page 4 of 4
P GBHAGWATLLP HEAD OFFICE
Chartered Accountants Suites 102, ‘Orchard’
LLPIN: AAT-9949 Dr. Pai Marg, Baner, Pune - 45
Tel (0): 020 - 27290771
Email: pgb@pgbhagwatca.com
‘Web: www.pgbhagwatca.com
Independent Auditor’s Review Report on the unaudited quarterly and half yearly standalone financial
results of The Indian Card Clothing Company Limited Pursuant to the Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015
The Board of Directors,
The Indian Card Clothing Company Limited
14th Floor, “B” Wing, AP-81,
Koregaon Park Annexe, Mundhwa,
Pune - 411036, Maharashtra, India.
We have reviewed the accompanying statement of unaudited standalone financial results of The Indian
Card Clothing Company Limited (the Company) for the quarter and half year ended September 30,2026
(“the Statement”), being submitted by the Company pursuant to the requirement of Regulation 33 of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing
Regulations”).
This Statement, which is the responsibility of the Company’s Management and approved b
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