Indo Count Industries Limited is a small-cap company with a market valuation of Rs. 3,093.25 crore which operates in the Consumer Discretionary Goods and Services (CDGS) industry. With production facilities established in India and exports to over 50 countries, Indo Count Industries Limited is a global leader in Bed Linen. The company has a capacity of 153 million meters per year, of which 18 million meters are currently being produced. For three years running, the company has received gold trophies from Texprosil for achieving leading bed linen export output. The company has disclosed the record date for 100% dividend.
The Board of Directors of the company in the stock exchange filing has stated that “In accordance with Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the purpose of determining the eligibility of shareholders for the final dividend of Rs. 2/- on record date. per equity share of face value of Rs. 2/- for the financial year 2021-22 every Tuesday, 20th September, 2022. Dividend, if declared at the 33rd Annual General Meeting of the company, up to October 28, 2022 Shareholders will be paid to the shareholder within the business hours of Tuesday, September 20, 2022.”
Today, Galaxy Universal’s GAIAM brand and Indo Count made their new collaboration official to launch an exclusive home textile collection. GAIAM is a market-leading yoga, health and wellness brand. This is GAIAM’s first foray into the bath and bedding markets, and will utilize Indo Count’s avant-garde technological innovations and trendy designs. GAIAM Home Collection will offer a wide selection of bath and bedding products. The GAIAM Home Collection will debut in-store and online in the spring of 2023 with retail partners in the US, Canada and Mexico. It will be displayed during the September 2022 Home Textile Market Week at the 5th Avenue Showroom in Indo Count’s New York City. (September 19–22).
KK Lalpuria said, “This is our first comprehensive lifestyle partnership in North America, and GAIAM is uniquely positioned to reach consumers who know and love the brand and who enjoy the restorative power of a good night’s sleep. I want to achieve balance in my life. , Executive Director and CEO of Indo Count. He further added that “we are on the lookout for the right brand partner to build innovative, value-added products and we will deliver on the GAIAM brand promise of making wellness accessible to all.”
“We are thrilled to be working with GAIAM – which has such an impressive reach – and look forward to building the GAIAM Home Collection of health and wellness products that are so timely and relevant in today’s market,” said James Seton, COO of Galaxy Said, “We have partnered with Indo Count, the best in class home textile manufacturer.” He further added that “With their extensive design and development capabilities, we are excited to show the retail community how Gamm Homes adds to their assortment. fit. ,
Today’s closing price of the shares of Indo Count Industries Limited was 150.00 per piece, down 4.28% from yesterday’s close 156.70. The stock is down 44.21% over the past year, and on a year-over-year basis, is down 41.19% so far in 2022.
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