DIC India Limited's Board of Directors has approved the appointment of Mr. Avijit Mukerji (DIN: 03534116) as an additional Independent Director, effective December 10, 2025. According to the company's regulatory filing, the board meeting held on December 10, 2025, commenced at 11:15 AM and concluded at 6:30 PM, during which the appointment was approved based on the Nomination & Remuneration Committee's recommendation. The appointment is subject to shareholder approval, for which the company will conduct a postal ballot process to seek member consent for Mr. Mukerji's appointment as Independent Director.
DIC India Limited had earlier announced the resignation of Mr. Paul Koek (DIN: 00081930) as Non-Executive Non-Independent Director, effective January 1, 2026. According to the company's regulatory filing, the resignation was communicated through a formal disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Koek submitted his resignation letter dated January 1, 2026, with the primary reason cited being his retirement from DIC Asia Pacific Pte Ltd, which serves as the parent company of DIC India Limited.
Prior to his resignation, Mr. Paul Koek held significant responsibilities across multiple board committees of DIC India Limited. As reported in the company disclosure, he served as a member of four key committees: the Audit Committee, Nomination & Remuneration Committee, Stakeholder Relationship Committee, and Corporate Social Responsibility Committee. His extensive involvement in corporate governance reflects his important role in the company's oversight functions during his tenure.
In recent financial developments, DIC India Limited has received positive news regarding a GST demand reduction. According to the latest disclosure, a previous demand of ₹6.71 crore has been significantly reduced to ₹3.81 lakh. Additionally, the company has received a separate demand order under UPGST Act for ₹6.61 lakh. On the legal front, the company continues to face proceedings with Agam, who has challenged an interim arbitral award dated August 20, 2025, before the Delhi High Court. The matter was listed on December 17, 2025, with the court issuing notice for the company to file its reply.
The company has fulfilled all regulatory requirements by filing the necessary disclosures with BSE Limited, The Calcutta Stock Exchange Ltd, and National Stock Exchange of India Limited. According to the filing, the disclosure was made in accordance with Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Master Circular dated November 11, 2024. Company Secretary & Compliance Officer Meghna Saini (Membership No.: A-42587) signed the disclosure on behalf of DIC India Limited, ensuring complete transparency and compliance with regulatory obligations.
