Indian Card Clothing Company509692Routine director change

Clarification: effective date of Additional Director's appointment corrected to October 30, 2026

The company clarified that Mr. Tushar Arvind Vaidya's appointment as an Additional Director (Non-Independent Non-Executive) takes effect from October 30, 2026, not October 20, 2026 as stated earlier.

By ScoutQuest · Wed 21 Oct 2026, 10:12 PM IST · 2 min read

Corrected Effective Date of Appointment: October 30, 2026
Previously Stated Effective Date: October 20, 2026
Original Board Meeting Outcome Update Date: October 20, 2026

What the company said

The company had submitted the outcome of a Board Meeting to the stock exchanges on October 20, 2026, which included the appointment of Mr. Tushar Arvind Vaidya as an Additional Director of the company in the category of Non-Independent Non-Executive Director.
In that submission, the effective date of his appointment was shown as October 20, 2026.
This letter corrects that date. The effective date of the appointment is October 30, 2026.

What actually changes

Only the date from which the appointment takes effect. The person, the position and the category of directorship stay exactly as shared earlier.
The word used is "inadvertently stated" — the company is describing this as a clerical correction to its own earlier update, not a change of decision.
The clarification is signed by Amogh Barve, Company Secretary and Head Legal & Corporate Affairs.

For a retail investor

A Non-Independent Non-Executive Director is a board member who is not independent of the promoters or management and who does not hold an executive (day-to-day operating) role in the company.
An Additional Director is a director appointed by the board to fill a vacancy or add strength to the board, subject to the approval of shareholders at the general meeting.
Shifting the effective date by ten days moves the point from which he formally counts as a director. It does not change the composition of the board in terms of who has been chosen.
This letter carries a date correction only. It does not touch the company's share capital, shareholding pattern, financial statements or business operations.

How to read this type of update

Corrections of dates, names or spellings in earlier board-outcome updates are routine housekeeping. They are shared so the exchange record matches the company's actual records.
The useful check for a reader is whether the correction changes substance — who was appointed, in what category, or on what terms. Here the correction is limited to the effective date.

What the letter says, in sequence

Reference is made to the outcome submitted on October 20, 2026.
The earlier effective date of October 20, 2026 was stated inadvertently.
The correct effective date is October 30, 2026.
The exchanges are requested to take the clarification on record.

Also from Indian Card Clothing Company

Board appoints Tushar Arvind Vaidya as Additional Director, Non-Independent Non-Executive

20 Oct 2026

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