Indo Count Industries has corrected the commissioning timeline for its spinning facility expansion in Kolhapur, Maharashtra, to Q2 of FY 2028. The company issued a corrigendum on June 1, 2026, to rectify an inadvertent clerical error in its previous intimation dated May 30, 2026, which had stated the project would be operational by Q2 of FY 2027. All other details of the disclosure remain unchanged.

The Board of Directors had previously sanctioned a capital expenditure of approximately ₹85 crore to expand and modernise the spinning facilities. The expansion project targets the company's spinning facility located in Alte, Kolhapur, increasing the installed capacity from 70,000 spindles to 94,000 spindles. This addition of 24,000 spindles is estimated to require an investment of ₹60 crore.

In addition to the capacity expansion, the company will modernise its existing spinning mill situated at Gokul Shirgaon, Kolhapur. This modernisation initiative involves an outlay of approximately ₹25 crore. The primary objective of this upgrade is to enhance operational efficiency and productivity at the plant.

The combined capital expenditure of ₹85 crore will be funded through a mix of debt and internal accruals. The investment is intended to balance the facility towards more value-added products. Currently, the existing capacity utilization at the Alte facility stands at 98%, indicating high operational efficiency prior to the expansion.

Project Details

Indo Count Industries Limited has uploaded the audio recording of its investors' conference call held on June 1, 2026. The session, conducted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, discussed the standalone and consolidated financial results for the quarter and year ended March 31, 2026.

The recording is now accessible on the company's official website. This allows stakeholders to review the management's insights regarding the operational performance and financial outcomes for Q4 and FY26.

Conference Call Details

The original meeting was scheduled for 11:30 a.m. IST on June 1, 2026. Senior leadership, including Mr. Mohit Jain, Executive Vice Chairman, and Mr. K. Muralidharan, Group Chief Financial Officer, had participated in the discussion to address investor queries.

Access Information

Stakeholders can listen to the proceedings via the link provided below. Local and international access numbers were previously made available for the live event.

For further inquiries, stakeholders may contact Strategic Growth Advisors Pvt. Ltd.