The Indian Card Clothing Company has received approval to invest in the equity share capital of ICC International Agencies, wholly owned subsidiary of the Company by participating in its Rights Issue. The Company’s holding in the subsidiary continues to be 100% even after acquiring 3,00,000 equity shares of the Company under Rights Issue. The Board of Directors of the Company in its meeting held on February 11, 2023 considered and approved the same.
The Indian Card Clothing Company is a precision engineering company that manufactures and supplies card clothing products and carding solutions for the textile industry.
