Daikaffil chemicals India Limited has announced that Mr. Jay Patel has withdrawn his resignation from the position of Company Secretary & Compliance Officer, ensuring continuity in the company's compliance and governance functions. The development follows board-level discussions and represents a reversal of his earlier resignation decision submitted on March 18, 2026.

Resignation Withdrawal Timeline

The company informed BSE Limited on March 27, 2026, about the withdrawal of Jay Patel's resignation through a formal regulatory filing. The complete timeline of events is presented below:

Board Approval Process

Following discussions with the Nomination and Remuneration Committee and subsequent Board of Directors meeting held on March 27, 2026, Jay Patel formally withdrew his resignation through a letter dated the same day. The Board, based on the recommendation of the Nomination and Remuneration Committee, approved his reinstatement as Company Secretary & Compliance Officer.

In his withdrawal letter addressed to the Board of Directors, Patel stated his decision to revoke the resignation after thoughtful discussions with senior management. He expressed gratitude for the confidence reposed in him and the encouragement extended to continue in his role with the company.

Key Positions and Responsibilities

Jay Patel will continue to hold multiple important positions within the organization without any interruption:

Regulatory Compliance and Documentation

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information as required under Schedule III - Para A (7) of Part A of the SEBI Listing Regulations and relevant SEBI Master Circulars, including SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The formal communication to BSE Limited was signed by Raghuram K Shetty, Managing Director (DIN: 00038703), confirming the company's commitment to maintaining transparency and regulatory compliance. Patel remains committed to contributing to the company's compliance framework and corporate governance practices with continued dedication.

Daikaffil chemicals India Limited has announced the resignation of its Company Secretary & Compliance Officer, Mr. Jay Patel, in a regulatory filing dated March 18, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Resignation

The resignation details are structured as follows:

Regulatory Compliance and Timeline

The company has fulfilled its disclosure obligations under SEBI regulations, providing comprehensive documentation including the resignation letter and required annexures. Mr. Patel will be relieved from his position effective close of business hours on May 02, 2026, providing the company with a transition period of approximately six weeks.

Company's Response and Next Steps

Daikaffil Chemicals India Limited has confirmed that it is actively identifying a suitable candidate to fill the vacancy created by Mr. Patel's departure. The company stated that the replacement will be appointed within the timelines prescribed under applicable laws. Managing Director Raghuram K Shetty signed the disclosure document, emphasizing the company's commitment to regulatory compliance.

Official Statement

In his resignation letter addressed to the Board of Directors, Mr. Patel expressed gratitude to the Board, CFO, Senior Management, and colleagues for their support during his tenure. The company has confirmed that there are no material reasons for the resignation beyond those mentioned in the official resignation letter. Further updates regarding the appointment of a new Company Secretary will be disclosed to stock exchanges as per SEBI LODR Regulations.