Multi-Act Trade and Investments Private Limited, a promoter of Indian Card Clothing Company Limited , has confirmed that its shareholding in the company is free from encumbrances as of March 31, 2026. The disclosure, submitted to the stock exchanges, addresses the status of securities held by the promoter group during the financial year 2025-26.

The promoter holds 100 equity shares, which constitutes 0.002% of the paid-up share capital of Indian Card Clothing Company Limited. In a declaration filed under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, Multi-Act Trade and Investments Private Limited stated that neither it nor any persons acting in concert with it has made any encumbrance, directly or indirectly, on the said securities.

The declaration specifies that no new encumbrances have been created other than those already disclosed during the financial year. The filing was signed by Sekar Ramasubramanian, Company Secretary of Multi-Act Trade and Investments Private Limited, and addressed to the Executive Directors of BSE Limited and National Stock Exchange of India Limited.

Shareholding Details

The submission requests the exchanges to take the declaration on record. A copy of the communication was also marked to the Company Secretary of Indian Card Clothing Company Limited.

The Indian Card Clothing Company Limited reported a 95.4% year-on-year decline in consolidated net profit to ₹371.97 lakh for the financial year ended March 31, 2026, primarily due to the incremental impact of new labour codes. Revenue from operations for the year decreased marginally to ₹4,202.69 lakh from ₹4,203.06 lakh in the previous year. The board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026.

The company recognized an exceptional expense of ₹111.29 lakh for the year related to the New Labour Codes, 2025, effective from November 21, 2025. This charge arose from changes in the definition of wages and the recognition of past service costs. For the quarter ended March 31, 2026, the company reported a consolidated net loss of ₹338.15 lakh, compared to a profit of ₹1,747.65 lakh in the same period last year. Revenue from operations for the quarter stood at ₹1,123.54 lakh.

Financial Performance

The standalone financial results for FY26 showed a net profit of ₹420.42 lakh, a significant decrease from ₹9,184.72 lakh in the previous year. Total income for the year stood at ₹5,723.32 lakh. The carding business segment faced continued headwinds from global geopolitical disturbances and an economic slowdown, with management anticipating a recovery in the textile industry over the next 9 to 12 months.

The board authorized Mr. Sanjeevkumar Karkamkar, Executive Director & CFO, to sign the financial results. The statutory auditors, P G BhAGWAT LLP, provided an unmodified opinion on the audited financial statements. The company also classified a commercial property at Amar Business Zone as "Assets Held for Sale" following a memorandum of understanding for its sale for ₹13.20 crore.