Board appoints Tushar Arvind Vaidya as Additional Director, Non-Independent Non-Executive
Board of The Indian Card Clothing Company appointed Mr. Tushar Arvind Vaidya as an Additional Director on October 20, 2026.
By ScoutQuest · · 2 min read
- Appointment Date
- October 20, 2026
- Director Category
- Non-Independent Non-Executive Director
- Experience
- over 35 years of experience across India and the Middle East, including 20 years in full P&L leadership
Board meeting outcome
The Board of Directors of The Indian Card Clothing Company Limited met on October 20, 2026 and approved the appointment of Mr. Tushar Arvind Vaidya as an Additional Director of the Company with effect from October 20, 2026. He has been appointed in the category of Non-Independent Non-Executive Director.
What the update states about the appointment
- The appointment follows the recommendation of the Nomination and Remuneration Committee.
- It is subject to the approval of the shareholders of the Company.
- The intimation was given as an outcome of the Board Meeting held on October 20, 2026.
Who is Mr. Tushar Arvind Vaidya
- A senior business leader with over 35 years of experience across India and the Middle East, including 20 years in full P&L leadership.
- His experience spans industrial manufacturing, building materials, FMCG, telecommunications and private equity.
- He has held senior leadership positions at Nestle and Tata Teleservices in India, and in Oman with the Suhail Bahwan Group and Mohsin Haider Darwish Group.
- The profile states he has led business turnarounds, established greenfield manufacturing operations and delivered improvements in revenue, profitability, productivity and return on capital.
- He has prior board experience as a Non-Executive Director and Executive Committee Member of Oman Ceramics SAOG, listed on the Muscat Stock Exchange.
- He holds an MBA in Marketing and Finance from XLRI Jamshedpur, a Bachelor of Science in Physics from University of Mumbai, and an Independent Director Certification from the Ministry of Corporate Affairs, Government of India.
Other details disclosed
- He is not related to any of the Directors or Key Managerial Personnel of the Company.
- He does not hold any shares of the Company.
- He is not debarred from holding the office of Director by virtue of any SEBI order or any other authority.
What this means for a retail investor
This is a change at the board level, not in the day-to-day executive running of the company: the new director is a Non-Executive Director in the non-independent category, so he is part of the board rather than the management team. The appointment takes effect immediately but is not final until shareholders approve it, so the resolution will come up for a shareholder vote. The update describes a long operating and board career across manufacturing, FMCG and telecom in India and the Middle East, which is the background investors can weigh when the shareholder approval comes up.
Also from Indian Card Clothing Company
Clarification: effective date of Additional Director's appointment corrected to October 30, 2026
21 Oct 2026
More numbers
- Experience of Mr. Tushar Arvind Vaidyaover 35 years
- Experience in full P&L leadership20 years
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