DCW Limited has announced the resignation of Mrs. Malti Bhindi from her position as President, effective from the close of business hours on April 1, 2026. The company formally notified both the National Stock Exchange of India Limited and BSE Limited about this senior management change in compliance with regulatory requirements.

Resignation Details

Mrs. Bhindi submitted her resignation letter on March 13, 2026, addressing the Managing Director(s) of DCW Limited. In her resignation letter, she cited personal reasons and the pursuit of other professional interests as the primary factors behind her decision to step down from the President role.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. DCW Limited provided the required intimation to both stock exchanges where its shares are listed through a formal communication signed by Dilip Darji, Senior General Manager (Legal) & Company Secretary.

The company also complied with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, by providing additional disclosures in the prescribed format through Annexure-A. The formal documentation includes detailed regulatory compliance information as required under the listing regulations.

Management Transition

In her resignation letter, Mrs. Bhindi expressed gratitude to the Board and Management of DCW Limited for their support and cooperation during her tenure. She acknowledged it as a privilege to be associated with the company and expressed pride in contributing to the company's progress and achievements.

The resignation letter also requested the management to accept her resignation and waive any applicable notice period, seeking relief from her responsibilities at the earliest. She requested acknowledgment of her resignation and completion of all related formalities in accordance with applicable laws and internal procedures.

Company Information

DCW Limited, incorporated in 1939, operates from its head office at Nirmal, 3rd Floor, Nariman Point, Mumbai, with its registered office located in Dhrangadhra, Surendranagar District, Gujarat. The formal intimation was digitally signed by Dilip Darji on April 1, 2026, ensuring proper documentation and regulatory compliance for this senior management change.

DCW Limited has successfully commissioned the final milestone of its announced Chlorinated Polyvinyl Chloride (CPVC) capacity expansion project, adding 10,000 MT to reach a total installed capacity of 50,000 MT per annum. The company informed stock exchanges through a regulatory filing under Regulation 30 of SEBI Listing Regulations on March 30, 2026.

Capacity Expansion Achievement

The successful commissioning represents the completion of DCW's strategic capacity enhancement initiative. The expansion details are outlined below:

Production Ramp-Up Timeline

DCW Limited has outlined its production strategy for the newly commissioned capacity. The company expects to ramp up the new 10,000 MT capacity gradually throughout Q1 FY27, following a systematic approach to ensure optimal utilization and maintain quality standards.

Regulatory Compliance and Documentation

The announcement was made pursuant to Regulation 30(4) read with Para B of Part-A of Schedule III of the Listing Regulations. This follows previous intimations dated October 17, 2024 and July 22, 2025, demonstrating the company's commitment to transparent communication with stakeholders.

Strategic Impact

The successful commissioning of the expanded CPVC capacity positions DCW Limited to better serve growing market demand in the specialty chemicals sector. With the previous capacity operating at 100% utilization, the additional 10,000 MT provides significant room for growth and enhanced market presence. The project completion as per the communicated schedule timeline demonstrates the company's execution capabilities and operational efficiency in capacity expansion initiatives.