NewsCorporate ActionsIndian Card Clothing Company Approves Rs. 10 Crore Investment in CFM Asset ReconstructionIndian Card Clothing Company Approves Rs. 10 Crore Investment in CFM Asset Reconstruction
Indian Card Clothing Company Limited has announced a Rs. 10 crore investment in CFM Asset Reconstruction Private Limited through subscription to equity shares with a face value of Re. 1 each. The decision was made by the company's Investment Committee on October 31, 2025. The company confirmed that no promoters, directors, or key personnel have any interest in this transaction. This disclosure was made in compliance with SEBI regulations.
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Indian Card Clothing Company Limited has made a significant investment decision, as disclosed in a recent corporate announcement. Here are the key details of the investment:
Investment Details
| Aspect | Details |
|---|---|
| Investment Amount | Rs. 10.00 crores |
| Investment Target | CFM Asset Reconstruction Private Limited |
| Investment Method | Subscription to equity shares |
| Share Face Value | Re. 1.00 each |
| Decision Date | October 31, 2025 |
| Decision Time | 4:00 PM to 4:15 PM IST |
| Approving Body | Investment Committee |
Key Points
- The investment decision was made by the Investment Committee, which was delegated authority by the Board of Directors.
- The company has emphasized that none of the promoters, directors, key managerial personnel, or their relatives have any direct or indirect interest in this transaction.
- The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Disclosure and Transparency
Indian Card Clothing Company Limited has promptly informed both the BSE Limited and the National Stock Exchange of India Limited about this decision, adhering to regulatory requirements and maintaining transparency with its shareholders and the market at large.
This investment move by Indian Card Clothing Company Limited into CFM Asset Reconstruction Private Limited represents a Rs. 10.00 crore commitment through the subscription of equity shares with a face value of Re. 1.00 each. The decision was made on October 31, 2025, between 4:00 PM and 4:15 PM IST by the company's Investment Committee.
Historical Stock Returns for Indian Card Clothing Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.54% | +2.84% | -0.81% | -13.91% | -0.73% | +175.84% |
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