In a formal note to the board dated August 24, 2026, Jyoteendra M. Kothary, a non-executive director of Indian Card Clothing Company Limited, has tendered his resignation from the board, effective September 1, 2026. The letter cites advancing age and recurring health issues as factors that hinder his ability to contribute effectively to the company’s governance and strategic oversight.
Mr. Kothary expresses appreciation for the support and cooperation received from fellow board members during his tenure, signaling a respectful transition as the company continues to navigate its strategic priorities. His departure marks a moment of board refreshment, typical in governance cycles, and invites the board to consider next steps in succession planning and continuity of oversight.
As the company remains focused on execution and long-term value creation, the board will evaluate its governance needs and any potential changes to fill the vacancy in due course. Stakeholders will be watching how the organization preserves governance standards and maintains strategic momentum during this transition.