Indo Count Industries has announced the authorization of four Key Managerial Personnel (KMPs) to determine materiality of events or information for stock exchange disclosures. The authorization, effective from February 13, 2026, was disclosed in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance Framework

The disclosure was made pursuant to Regulation 30(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the company's Policy for Determination of Materiality of Events or Information. The Board of Directors has formally authorized these personnel to make materiality determinations for disclosure purposes to stock exchanges.

Authorized Key Managerial Personnel

The company has designated four senior executives with the authority to determine materiality of events requiring disclosure:

Implementation Timeline

The authorization becomes effective from February 13, 2026, providing the designated KMPs with the formal authority to assess and determine the materiality of corporate events and information that require disclosure to stock exchanges. This framework ensures timely and appropriate compliance with regulatory disclosure requirements.

Corporate Governance Enhancement

This authorization represents a structured approach to regulatory compliance, distributing materiality determination responsibilities among key executives across different functional areas. The inclusion of both financial and operational leadership ensures comprehensive evaluation of events from multiple perspectives, strengthening the company's disclosure framework and regulatory adherence.

Indo count industries announced major leadership changes on February 13, 2026, with the Board of Directors approving the cessation of Mr. Kailash R. Lalpuria from his position as Chief Executive Officer and Key Managerial Personnel. The decision was taken due to his prolonged absence from office and inability to discharge duties due to health-related reasons.

Leadership Transition Details

The company's Board meeting held on February 13, 2026, formalized the leadership changes under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transition was necessitated by Mr. Lalpuria's health-related challenges that prevented him from fulfilling his executive responsibilities.

New Key Managerial Personnel Appointment

Simultaneously, the Board approved the appointment of Mr. Kamal Mitra, currently serving as Whole-time Director, as Key Managerial Personnel effective February 13, 2026. This appointment ensures continuity in the company's key management structure.

Operational Continuity

The company emphasized that during Mr. Lalpuria's absence, his responsibilities have been effectively managed by the existing proficient team along with newly hired personnel. This arrangement has ensured smooth business operations without disruption to the company's activities.

Board's Acknowledgment

The Board of Directors expressed sincere appreciation for Mr. Kailash R. Lalpuria's valuable contributions toward the growth and development of the company during his tenure. The Board conveyed its best wishes for his speedy and complete recovery, acknowledging his role in the company's progress.

The leadership changes reflect the company's commitment to maintaining strong governance standards while addressing health-related challenges faced by senior executives. Mr. Mitra's extensive experience in textile operations and long-standing association with the company positions him well for his expanded role as Key Managerial Personnel.