Indian Card Clothing Board Approves Q1 FY27 Results, Subsidiary Investment
The Board of Directors of Indian Card Clothing Company Ltd. met on August 14, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also approved a further investment in the equity share capital of Garnett Wire Ltd., UK, a wholly-owned subsidiary. Additionally, the company announced the resignation of Mr. Sanjeevkumar Karkamkar as Executive Director & CFO, effective September 1, 2026, though he will continue as a Non-Independent Non-Executive Director.
Key Highlights
- Board approved unaudited standalone and consolidated financial results for Q1 FY27.
- Further investment approved for wholly-owned subsidiary Garnett Wire Ltd., UK.
- Executive Director & CFO, Mr. Sanjeevkumar Karkamkar, resigned effective Sept 1, 2026.
- Mr. Karkamkar will continue as a Non-Independent Non-Executive Director.
- Garnett Wire Ltd. reported turnover of £826,760 and net profit of £27,497 for FY26.
Price Impact
More from INDIANCARD
Indian Card Clothing CFO Resigns; Approves Q2 Results & UK Subsidiary Investment
Indian Card Clothing Invests Further in UK Subsidiary Garnett Wire Ltd.
Indian Card Clothing Approves Q1 FY27 Results, Investment in Subsidiary