Indian Card Clothing CFO Resigns; Approves Q2 Results & UK Subsidiary Investment

Indian Card Clothing Company Ltd announced the resignation of Mr. Sanjeevkumar Karkamkar as Executive Director & CFO, effective September 1, 2026. He will continue as a Non-Independent Non-Executive Director. The Board also approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Additionally, the company approved a further investment of up to £250,000 in its wholly-owned UK subsidiary, Garnett Wire Ltd., to expand its business in the UK and neighboring regions. The transaction is considered a related party transaction due to a director's involvement on the subsidiary's board, but will be conducted at arm's length.