Key Agenda Items

Ordinary Business:

  • Adoption of Audited Standalone and Consolidated Financial Statements for FY2025-26
  • Declaration of Final Dividend of ₹1.50 (75%) per equity share of face value ₹2 each for FY2025-26
  • Re-appointment of Mr. Mohit Jain (DIN 01473966) as director retiring by rotation

Special Business:

  • Re-appointment of Mrs. Ambika Sharma (DIN 08201798) as Non-Executive Independent Director for a second term of five consecutive years from 27th May 2026 to 26th May 2031
  • Approval for waiver of recovery of excess managerial remuneration paid/payable to Mr. Anil Kumar Jain, Executive Chairman, amounting to ₹2,10,81,082 for FY2025-26
  • Approval for waiver of recovery of excess managerial remuneration paid/payable to Mr. Mohit Jain, Executive Vice-Chairman, amounting to ₹85,61,461 for FY2025-26

Financial Context

The textile industry faced significant challenges during FY2025-26 due to imposition of US tariffs of up to 50% on Indian exports, resulting in inadequate profits. The company's financial performance shows:

  • Revenue from operations: ₹3,098.37 crores (FY2026) vs ₹3,771.65 crores (FY2025)
  • Operating profit: ₹378.79 crores (FY2026) vs ₹513.52 crores (FY2025)
  • Profit after tax: ₹144.61 crores (FY2026) vs ₹237.21 crores (FY2025)

Dividend Details

  • Final Dividend: ₹1.50 per equity share (75% of face value ₹2)
  • Book closure: 18th August 2026 to 25th August 2026 (both days inclusive)
  • Record date: 17th August 2026
  • Payment date: On or after 5th September 2026 within 30 days of AGM
  • TDS applicable as per Income Tax Act provisions

Voting Procedures

  • Remote e-voting period: 22nd August 2026 (9:00 AM) to 24th August 2026 (5:00 PM)
  • Cut-off date for voting eligibility: 18th August 2026
  • E-voting event number (EVEN): 140657
  • Scrutinizer: M/s. Vikas R Chomal and Associates, Practicing Company Secretaries

Director Information

Mr. Mohit Jain:

  • Holding 6,92,850 equity shares
  • Remuneration FY2025-26: ₹9.87 crores (includes commission of ₹2.90 crores)
  • Attended 4 out of 4 board meetings

Mrs. Ambika Sharma:

  • Independent Director since 27th May 2024
  • Remuneration: Sitting fees of ₹15.25 lakhs
  • Holds directorships in 9 other companies including Waaree Renewable Technologies, Panacea Biotec, LT Foods Limited
  • Qualifications: Master's degree in Business Economics from Delhi University

Additional Information

  • Unpaid dividends for FY2018-19 to be transferred to IEPF on 18th September 2026
  • Shareholders must update PAN, KYC details, and bank account information for dividend payments
  • Physical share holders encouraged to convert to dematerialized form
  • Questions for AGM must be submitted by 17th August 2026 to icilinvestors@indocount.com