DIC India Ltd (DICIND) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by DIC India Ltd on NSE and BSE, with an AI summary of each filing.
Resignation of Independent Directors of the Company namely Mr. Prabal Sarkar and Ms. Pritha Dutt
Change in Management · 04 Nov 2026, 12:01 am
DIC India Q3 Results and Board Reshuffle DIC India reported Q3 revenue from operations of ₹274.02 cr for the quarter ended 30th Sep'26, up 22.8% YoY from ₹223.17 cr, while net profit dropped 66.2% YoY to ₹1.99 cr from ₹5.87 cr. Nine-month revenue rose 21.0% YoY to ₹798.49 cr, with net profit advancing 59.8% YoY to ₹20.49 cr. The board appointed Tony Sirohi and Shalini Kapoor as Independent Directors for three years effective 3rd Nov'26, while Prabal Sarkar and Pritha Dutt resigned effective 5th Nov'26.
Announcement under Regulation 30 regarding appointment of Independent Directors
Change in Management · 03 Nov 2026, 11:59 pm
DIC India Board Rejig and Unaudited Results DIC India Limited approved its unaudited financial results for the quarter and nine months ended 30th Sep'26 alongside key board changes effective 3rd Nov'26. The board appointed Mr. Tony Sirohi and Ms. Shalini Kapoor as Additional Non-Executive Independent Directors for a three-year term, subject to shareholder approval via postal ballot. Concurrently, Independent Directors Mr. Prabal Sarkar and Ms. Pritha Dutt resigned, effective from the close of business on 5th Nov'26, citing the completion of their six-year tenures with no material concerns.
Financial results for the quarter ended on September 30, 2026
Financial Result · 03 Nov 2026, 11:55 pm
DIC India Q3 Results: Revenue Up 22.8% YoY While Net Profit Drops to Rs 1.99 Cr DIC India reported revenue from operations of Rs 27,401.62 lakh for the quarter ended 30th Sep'26, up 22.8% YoY from Rs 22,316.99 lakh. Net profit fell 66.1% YoY to Rs 198.74 lakh from Rs 587.00 lakh, impacted by higher material costs, with basic EPS dropping to Rs 2.17. For the nine-month period, revenue rose 21.3% YoY to Rs 79,849.35 lakh and PAT increased 66.1% YoY to Rs 2,049.18 lakh. The board appointed Tony Sirohi and Shalini Kapoor as Independent Directors following two resignations.
Outcome of Board meeting held on 03 November 2026
Outcome · 03 Nov 2026, 11:51 pm
Outcome of Board Meeting held on 03 November 2026
Outcome · 03 Nov 2026, 11:45 pm
DIC India Ltd - Financial Result for the Quarter ended 30th Sep'26 (Standalone, INR Lakh) ■ Revenue: 27,402 (+22.8% YoY | -3.5% QoQ) ■ EBITDA: 647 (-44.9% YoY | -71.3% QoQ) ■ EBITDA Margin (%): 2.4 (-290 bps YoY | -558 bps QoQ) ■ PAT: 199 (-66.1% YoY | -86.1% QoQ) ■ EPS (INR): 2.17 (-66.1% YoY | -86.0% QoQ)
Reduction in demand in GST proceedings pursuant to the order passed by Sr. Joint Commissioner of Revenue following the appeal filed by the Company.
Others (Uncategorized) · 01 Nov 2026, 2:06 am
Appellate Authority Reduces DIC India's FY22 GST Demand to INR 1.29 Lakh The Sr. Joint Commissioner of Revenue, LTU (Appeal), West Bengal, vide order dated 30th Oct'26, partly allowed DIC India Limited's appeal regarding FY 2021-22 GST proceedings. The appellate authority accepted the company's submissions on Input Tax Credit eligibility for manufacturing-related services, significantly reducing the original demand from INR 4,67,740 to INR 1,28,577. The modified aggregate liability comprises tax of INR 51,941, interest of INR 46,636, and a penalty of INR 30,000, resulting in negligible financial impact on the company.
Pursuant to an application filed by Income Tax Department, the ITAT vide order dated 17th September 2026 (received by the Company on 28th October 2026), recalled and rectified its order ....
Others (Uncategorized) · 29 Oct 2026, 11:27 pm
ITAT Recalls and Rectifies Tax Order for DIC India Regarding AY 2020-21 The ITAT Kolkata Bench, via order dated 17th Sep'26 (received 28th Oct'26), granted a recall and rectification of its 19th Mar'25 order concerning DIC India’s tax appeal for AY 2020-21 (FY 2019-20). The ITAT acknowledged unadjudicated grounds and rectified directions to the Transfer Pricing Officer to recompute adjustments by excluding, rather than including, three comparables. The matter is referred to the regular Bench for further adjudication, with management projecting no preliminary financial impact or penalties.
To consider and approve the financial results for the period ended September 30, 2026
Intimation · 03 Nov 2026, 5:30 am
DIC INDIA LIMITED has informed the Exchange about Board Meeting to be held on 03-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended September 2026 .
Intimation · 03 Nov 2026, 5:30 am
DIC India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/11/2026 ,inter alia, to consider and approve ,inter alia, Unaudited Financial ....
Intimation · 03 Nov 2026, 5:30 am
DIC India Schedules Board Meeting to Approve Q3 Financial Results DIC India Limited has scheduled a Board of Directors meeting on 3rd Nov'26 to consider and approve the unaudited financial results for the quarter and nine months ended 30th Sep'26. In accordance with SEBI insider trading regulations, the trading window for dealing in company securities has been closed since 1st Oct'26 and will remain shut until 48 hours following the formal declaration of the financial results.
Please find enclosed disclosure for receipt of order under section 92CA (3) r.w.s 144(5) of the Income Tax Act, 1961 pursuant to the DRP directions.
Others (Uncategorized) · 24 Oct 2026, 4:30 pm
DIC India Receives Revised Transfer Pricing Order for AY 2023-24 DIC India Limited received a final order dated 22nd Oct'26 from the Deputy Commissioner of Income Tax (Transfer Pricing - 1, Kolkata) pursuant to Dispute Resolution Panel-2 directions. The upward income adjustment for FY 2022-23 (AY 2023-24) was recomputed and reduced to Rs. 3,74,35,142 from the earlier Rs. 3,84,17,653 determined on 22nd Jan'26. The company reported no expected financial implications based on preliminary assessment and plans to appeal the order within the stipulated timeline. No penalties were imposed.
Please find enclosed disclosure
Others (Uncategorized) · 16 Oct 2026, 4:08 am
Income Tax Department Conducts Survey at DIC India Registered Office The Income Tax Department conducted a survey under Section 253 of the Income Tax Act at DIC India Limited's registered office on 14th Oct'26 regarding alleged non-filing of SFT returns in Form 61A. The company received the record of proceedings on 15th Oct'26. No items were impounded or inventoried, and no penalties or restrictions were imposed. DIC India has sought time to review the alleged non-compliance and confirmed the survey currently has no impact on business operations.
Intimation under Regulation 30 of SEBI LODR Regulations, 2015 for Reaffirmation of Credit Ratings by CRISIL Ratings.
Others (Uncategorized) · 15 Oct 2026, 5:17 pm
CRISIL Reaffirms Credit Ratings for DIC India Limited CRISIL Ratings has reaffirmed its ratings on DIC India Limited's bank facilities and short-term debt as of 13th Oct'26. The company’s long-term bank facilities totaling INR 35 crore were reaffirmed at CRISIL A/Stable, while short-term bank facilities totaling INR 65 crore were reaffirmed at CRISIL A1, covering total bank loan facilities of INR 100 crore across HDFC Bank and Standard Chartered Bank. Additionally, CRISIL reaffirmed the CRISIL A1 rating on the company’s short-term debt program amounting to INR 50 crore.
In furtherance to the disclosure filed on March 03, 2026, please be informed that the Company has received Directions from Dispute Resolution Panel
Others (Uncategorized) · 02 Oct 2026, 3:26 pm
DIC India Receives DRP Directions on ₹3.84 Crore Transfer Pricing Adjustment DIC India received directions dated 30th Sep'26 from the Dispute Resolution Panel-2 under Section 144C(5) of the Income-tax Act, 1961, for FY 2022-23 (AY 2023-24). The panel rejected most company objections regarding a proposed upward transfer pricing adjustment of INR 3,84,17,653 and directed the Assessing Officer to incorporate findings into the final order. The company stated there is no quantifiable financial impact as of date, pending receipt and evaluation of the final assessment order.
Regulation 30 Disclosure for below mentioned items passed through postal ballot: 1. Appointment of Mr. Hayato Kashiwagi as Managing Director 2. Appointment of Mr. Praveen Kumar Asthana ....
Change in Management · 01 Oct 2026, 12:41 am
DIC India Approves Key Board Appointments via Postal Ballot DIC India Limited’s shareholders have approved key leadership appointments via postal ballot special resolutions concluded on 30th Sep'26. Mr. Hayato Kashiwagi has been appointed Managing Director for a three-year term effective 1st Sep'26, subject to Central Government approval. Additionally, Mr. Praveen Kumar Asthana was appointed Whole Time Director for a three-year term commencing 15th Jul'26. Both appointees serve as Executive Directors not liable to retire by rotation. Neither director has inter-se relationships with board members nor is debarred by SEBI or other authorities.
In furtherance to the disclosure dated July 15, 2026 regarding the appointment of Mr. Hayato Kashiwagi as Managing Director, please be noted that Mr. Hayato Kashiwagi has commenced his ....
Others (Uncategorized) · 01 Sept 2026, 4:21 pm
In continuation with the disclosure dated June 02, 2026, please be noted that Mr. Manish Bhatia has ceased to hold the office as Director, MD & CEO.
Change in Management · 30 Aug 2026, 12:48 am
DIC India Confirms MD & CEO Manish Bhatia's Resignation Manish Bhatia has resigned from the position of Managing Director & CEO of DIC India Limited. He tendered his resignation on Jun 02, 2026, which was accepted by the Board the same day. The resignation became effective from the close of business hours on Aug 29, 2026, marking his formal cessation from the role and all associated responsibilities. Mr. Bhatia stated his departure follows a period of revival, growth, and transformation for the company. The leadership transition is now underway.
In continuation with the disclosure dated June 02, 2026 where DIC India Limited had informed about the resignation received from Mr. Manish Bhatia from the post of Managing Director, please ....
Change in Management · 30 Aug 2026, 12:30 am
DIC India MD & CEO Manish Bhatia's Resignation Becomes Effective DIC India confirmed that the resignation of Mr. Manish Bhatia from the position of Managing Director & CEO is effective from the close of business hours on 29th Aug'26. This follows the initial resignation notice tendered on 02nd Jun'26, which was accepted by the Board on the same day. Mr. Bhatia has now been formally relieved of all his responsibilities, marking the conclusion of his tenure. The company has not yet announced a successor for the key leadership position.
In continuation to the disclosure dated June 02, 2026 wherein DIC India Limited had informed about the resignation tendered from the position of Director, CEO & MD with effect from close ....
Change in Management · 29 Aug 2026, 11:57 pm
DIC India MD & CEO Manish Bhatia's Resignation Effective Aug'26 DIC India has announced that the resignation of Mr. Manish Bhatia from his roles as Managing Director and CEO has become effective from the close of business on 29 Aug'26. This follows the initial disclosure and Board acceptance on 02 Jun'26. Mr. Bhatia has now been formally relieved of all responsibilities. The departure marks a key leadership transition for the company, with Mr. Bhatia citing his tenure as a period of revival, growth, and transformation for the organization.
The Board of DIC India Limited in its meeting held on August 12, 2026 inter alia considered and approved the following: 1. Unaudited Financial Results for the quarter and half year ended ....
Financial Result · 12 Aug 2026, 10:57 pm
DIC India Q2'26: Revenue Surges, Net Profit Triples YoY DIC India reported strong Q2'26 results with total income rising 25.4% YoY to ₹28,561.69 lakhs. Revenue from operations grew 25.4% YoY to ₹28,395.48 lakhs. Net profit for the quarter soared 227.1% YoY to ₹1,426.79 lakhs from ₹436.26 lakhs in Q2'25. The Board approved the unaudited financials for the quarter and half-year ended Jun 30, '26. The statutory auditors, PwC, issued a limited review report with an unmodified opinion. Basic EPS for Q2'26 stood at ₹15.54 versus ₹4.75 in the prior-year quarter.
The Board in its meeting held on August 12, 2026 inter alia considered and approved the below businesses: 1. The unaudited financial results for the quarter and half year ended June ....
Outcome · 12 Aug 2026, 10:46 pm
DIC India Reports Strong Q2 FY26 with Robust Top-line and Profit Growth DIC India reported strong Q2 results for the quarter ended 30 Jun'26, with revenue from operations at ₹28,395 lakh, up 25.4% YoY. Net profit surged to ₹1,427 lakh, a significant 227% YoY increase from ₹436 lakh. The performance was driven by higher sales and controlled expenses. For the half-year ended 30 Jun'26, revenue stood at ₹52,448 lakh and net profit was ₹1,850 lakh. Basic EPS for the quarter was ₹15.54, a substantial improvement from ₹4.75 in the corresponding quarter last year.
The Board in its meeting held today had approved the following: 1. To designate Mr. Hayato Kashiwagi as Managing Director of the Company in the category of Executive Director. 2. Appointment ....
Change in Management · 15 Jul 2026, 5:22 pm
DIC India Announces Key Leadership Appointments and Designations The Board of DIC India, in its meeting on 15 Jul'26, approved key leadership changes. Mr. Hayato Kashiwagi, currently a non-executive Director, has been designated as Managing Director for a 3-year term, effective 01 Sep'26. Mr. Praveen Kumar Asthana, the COO, was appointed as an Additional and Whole-Time Director for 3 years, effective 15 Jul'26. Additionally, Ms. Meghna Saini was designated as Company Secretary & Head Legal. These appointments are subject to shareholder approval via postal ballot.
Pursuant to Regulation 30, please be informed that the Board of Directors in its meeting held today had considered and approved the following: 1. To designate Mr. Hayato Kashiwagi as Managing ....
Others (Uncategorized) · 15 Jul 2026, 5:08 pm
DIC India Appoints New MD and Whole-Time Director in Leadership Reshuffle DIC India’s board approved key leadership changes on 15 Jul'26. Mr. Hayato Kashiwagi, currently a non-executive Director, was appointed Managing Director for a 3-year term effective 01 Sep'26. Concurrently, Mr. Praveen Kumar Asthana, the COO, was appointed Additional and Whole-Time Director for a 3-year term starting 15 Jul'26. Additionally, Ms. Meghna Saini was designated Company Secretary & Head of Legal. These appointments are subject to shareholder approval via an upcoming postal ballot.
Please be informed that pursuant to the appeal preferred by the Company, Additional Commissioner (Appeal), Noida has passed an order in favour of the Company setting aside the demand order ....
Others (Uncategorized) · 14 Jul 2026, 10:11 pm
DIC India Wins Appeal, GST Demand Order of ₹6.62 Lakh Set Aside DIC India has received a favourable final order dated 14 Jul'26 from the Additional Commissioner (Appeals), Noida. This order sets aside a previous demand of ₹6,61,766 (tax of ₹6,01,606 and penalty of ₹60,160) for FY 2021-22, initially raised on 30 Dec'25. The original allegation concerned non-payment of GST on R&D fees recovered from foreign entities. Following the successful appeal, the company states there is no financial or operational impact.
Please be informed that Ms. Manjusha Singh has been appointed as the deputy CEO of the company w.e.f. 4th July, 2026.
Change in Management · 04 Jul 2026, 8:29 pm
DIC India Appoints Manjusha Singh as Deputy CEO DIC India has appointed Ms. Manjusha Singh as Deputy CEO, effective 04 Jul'26. Currently the Head of Sales & Marketing, she brings over 25 years of experience in B2B sales, marketing, and strategy within the industrial manufacturing and packaging sectors. Notwithstanding the appointment, Ms. Singh will continue to be designated as a Senior Management Person of the company and discharge her existing responsibilities. The appointment was approved by the Board on 04 Jul'26 following a recommendation from the Nomination & Remuneration Committee.