Indo Count Industries shareholders approved a final dividend of ₹1.50 per equity share for FY26 at its 37th Annual General Meeting (AGM) held on August 25, 2026.

The meeting, conducted via video conferencing, also addressed governance matters including the reappointment of directors and the waiver of excess managerial remuneration for top executives.

Key Resolutions Passed

The AGM, chaired by Executive Chairman Anil Kumar Jain, saw the approval of several ordinary and special resolutions. The audited standalone and consolidated financial statements for the year ended March 31, 2026, were adopted without any qualifications or adverse remarks from the statutory auditors, M/s. Price Waterhouse Chartered Accountants LLP.

Governance and Leadership

Mr. Mohit Jain, Executive Vice-Chairman, retires by rotation and was eligible for reappointment as a director. His re-election was approved by the shareholders.

Mrs. Ambika Sharma, an Independent Director, was reappointed for a second term of five consecutive years, effective from May 27, 2026. This required a special resolution due to the duration of the tenure.

Executive Remuneration Waivers

Shareholders approved special resolutions to waive the recovery of excess managerial remuneration paid or payable to two key executives for FY26:

• Anil Kumar Jain, Executive Chairman
• Mohit Jain, Executive Vice-Chairman

These waivers indicate that the remuneration paid to these executives exceeded the limits prescribed under the Companies Act, necessitating shareholder approval to regularize the payments.

Meeting Proceedings

The AGM commenced at 12:00 pm with the requisite quorum present. Executive Vice-Chairman Mohit Jain presented highlights of the company’s operations, achievements, and ESG initiatives. Group Chief Financial Officer K. Muralidharan addressed shareholder queries regarding business operations.

E-voting was facilitated through the National Securities Depository Limited (NSDL) platform from August 22 to August 24, 2026. Shareholders present at the virtual meeting were also given 15 minutes to cast their votes electronically. The results will be uploaded on the company website and stock exchanges within two working days.

Indo Count Industries has published the full transcript of its investors’ conference call held on August 13, 2026, regarding its standalone and consolidated financial results for the quarter ended June 30, 2026 (Q1FY27). This disclosure follows the earlier upload of the audio recording and is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The transcript provides detailed management commentary on the company’s performance, including record revenue achievement, margin improvements, and strategic updates on its US manufacturing operations and sustainability initiatives.

Key Financial Highlights

The company reported a strong start to FY27, delivering its highest-ever quarterly revenue. Total income for Q1FY27 stood at ₹1,224 crore, a 13% sequential increase from ₹1,088 crore in Q4FY26 and a 27% year-on-year growth. This performance was driven by higher volumes in core businesses and the continued scale-up of new business segments.

EBITDA for the quarter reached ₹160 crore, up 38% sequentially from ₹116 crore in the previous quarter. The EBITDA margin expanded by 241 basis points to 13.1% from 10.7% in Q4FY26, reflecting improved operating leverage. Net profit (PAT) rose significantly to ₹63 crore from ₹24 crore in the prior quarter, aided by lower finance costs and the absence of a one-off IGST refund expense incurred previously.

Business Segment Updates

Core Business Recovery

Core business volumes showed early signs of recovery, with Q1FY27 volumes standing at 23 million meters, a 12% sequential increase from 20.5 million meters in Q4FY26. Core business revenue was ₹837 crore, up 4% sequentially. Management noted that while container availability constraints due to the West Asia conflict impacted throughput, the external environment is stabilizing. The company reaffirmed its FY27 volume guidance of 105 million to 110 million meters and core business revenue of approximately ₹4,000 crore.

Non-US core business contributed approximately 30% of revenue during the quarter. Management highlighted that the UK Free Trade Agreement (FTA) restores a level playing field, while the expected EU FTA will further open markets. The company anticipates non-US market revenues to grow by over 20% in FY27.

New Business Momentum

The new business segment, comprising utility bedding and the US brand business, continued to strengthen with Q1FY27 revenue reaching ₹387 crore. This growth was supported by established facilities in Ohio and Arizona, the newly commissioned greenfield facility in North Carolina, and the launch of the Wamsutta brand in July 2025. On an annualized basis, this represents nearly 60% of the company’s targeted $275 million new business ambition for 2028. The company remains on track to achieve its FY27 new business revenue target of ₹1,500 crore.

Operational Developments

Bhilad Plant Update

The Bhilad, Gujarat manufacturing facility faced temporary disruptions due to heavy rainfall and flooding starting July 23, 2026. Operations partially resumed on August 12, 2026, with full normalization expected in phases. Management confirmed that the company is adequately insured against property, inventory, and loss of profit damages, and the insurance claim process has been initiated.

Sustainability and Awards

Indo Count participated in Bharat Tex 2026, receiving positive responses from global and domestic customers. The company received three awards from the Confederation of Indian Textile Industry (CITI) for its sustainability efforts, including energy efficiency and responsible sourcing.

What the Numbers Show

The significant sequential jump in net profit (from ₹24 crore to ₹63 crore) outpaced the growth in total income (13%) and EBITDA (38%). This divergence highlights the impact of non-operational factors, specifically the absence of the one-off IGST refund expense recorded in the previous quarter and lower finance costs. While operational leverage drove EBITDA margin expansion to 13.1%, the bottom-line benefit was amplified by these one-time adjustments, suggesting that pure operational PAT growth may be more modest than the headline figure implies.

Accessing the Transcript

Investors can access the full transcript via the company’s official website. The filing is referenced under ICIL/34/2026-27. Satnam Saini, Company Secretary and Senior General Manager – Legal at Indo Count Industries, confirmed the disclosure.

The company is listed on the National Stock Exchange of India Ltd. and BSE Limited.