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.

Indo count industries has announced a board meeting scheduled for February 13, 2026, to review and approve its quarterly financial performance. The meeting will focus on considering the company's unaudited standalone and consolidated financial results for a significant reporting period.

Board Meeting Details

The board meeting has been convened in accordance with regulatory requirements under the Securities and Exchange Board of India guidelines. The company has formally notified both major stock exchanges about this scheduled corporate governance activity.

Trading Window Restrictions

As part of standard compliance procedures, Indo Count Industries has implemented trading window restrictions for designated persons. The trading window closure affects specific stakeholders and their immediate family members during the financial results preparation period.

Regulatory Compliance

The announcement demonstrates the company's adherence to Securities and Exchange Board of India listing obligations and disclosure requirements. The formal notification was issued under regulations 29 and 33, ensuring transparency in corporate communications with stakeholders and regulatory authorities.

The company has communicated this information to both the National Stock Exchange of India Limited and BSE Limited, maintaining compliance with dual listing requirements. This systematic approach to regulatory communication reflects the company's commitment to maintaining proper corporate governance standards.