Indo Count Industries will host institutional investors and analysts on September 2, 2026, at 10:00 am in Mumbai. The sessions are part of the Ashwamedh – Elara India Dialogue 2026 conference.

Meeting Details

The company confirmed the schedule via a filing dated August 26, 2026. Officials will conduct both one-on-one and group meetings with market participants. The interactions are scheduled to begin at 10:00 am onwards.

Regulatory Compliance

The disclosure is made pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015. The company stated that discussions will be based strictly on publicly available information. No unpublished price-sensitive information (UPSI) is intended to be discussed during the interactions.

Satnam Saini, Company Secretary and Senior General Manager - Legal, signed the intimation. The company noted that changes to the schedule may occur due to exigencies involving participants, hosts, or the company itself.

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 also saw the passage of special resolutions to waive excess managerial remuneration for top executives, despite notable dissent from public institutional investors.

The virtual meeting, attended by 12 promoter group members and 53 public shareholders via video conferencing, addressed governance matters including the reappointment of directors. The total shareholder base on the record date of August 18, 2026, stood at 77,069.

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 with 99.82% support. However, public institutional investors voted against the resolution, casting 247,815 votes against compared to 24,775,862 in favour.

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. The resolution passed with 99.51% overall support, though it faced opposition from public institutions, which voted against by a margin of nearly 2.79%.

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. The resolutions passed with significant support from the promoter group, which held 116,326,767 shares and voted entirely in favour. However, public institutional investors largely opposed the waivers:

• For Anil Kumar Jain’s waiver, public institutions voted 52.70% against (13,186,472 votes against vs 11,835,620 in favour).
• For Mohit Jain’s waiver, public institutions voted 50.33% against (12,593,073 votes against vs 12,429,019 in favour).

Public non-institutional shareholders supported both waivers overwhelmingly, with over 99% of their votes cast in favour.

What the Numbers Show

The voting results reveal a sharp divergence between promoter and public institutional shareholders regarding executive compensation. While promoters provided unanimous backing for the remuneration waivers, public institutions actively resisted, voting against both proposals by margins exceeding 50%. This suggests institutional scrutiny of management pay structures, even as broader governance resolutions like director reappointments and financial statement adoption faced minimal opposition across all shareholder categories.

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.