Indian Card Clothing Company will hold a meeting of the Board of Directors of the Company on 30 October 2018 to consider and approve the unaudited financial results of the company for the quarter and half year ended 30th September, 2018.

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Net Loss of Indian Card Clothing Company reported to Rs 5.00 crore in the quarter ended June 2018 as against net loss of Rs 1.11 crore during the previous quarter ended June 2017. Sales declined 8.35% to Rs 10.97 crore in the quarter ended June 2018 as against Rs 11.97 crore during the previous quarter ended June 2017.

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The Board of Indian Card Clothing Company at its meeting held on 26 July 2018 has approved the shifting of the Registered Office of the Company within the city limits from Bombay - Poona Road, Penicilin Factory, Pimpri, Pune - 411018 to 'Katariya Capital', A-19, Vidyut Nagar Society, Lane No. 5, Koregaon Park, Pune - 411001, with effect from 01 September 2018.

The Board approved the appointment of Sanjeevkumar Karkamkar (Director Identification Number - 00575970) as an Additional Director (non-executive and non-independent) of the Company, with effect from 29 July 2018.

The Board also approved resignation of Krishna Suvarna from the position of the Chief Financial Officer and Key Managerial Position of the Company, with effect from 09 October 2018; and approved the appointment of Kishor Makwana as the Chief Financial Officer and Key Managerial Personnel, with effect from 10 October 2018.

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Indian Card Clothing Company announced that the Annual General Meeting (AGM) of the company will be held on 26 July 2018.

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