DIC India Limited announced its audited financial results for the quarter and year ended December 31, 2025, during a board meeting held on February 24, 2026. The company reported mixed performance with modest revenue growth but a decline in profitability, while maintaining its dividend commitment to shareholders.

Financial Performance Overview

The company's annual financial performance shows contrasting trends for the year ended December 31, 2025. Revenue from operations reached ₹89,178.85 lakhs compared to ₹88,152.89 lakhs in the previous year, marking a growth of 1.16%. However, net profit declined to ₹1,737.66 lakhs from ₹1,953.90 lakhs, representing an 11.07% decrease year-over-year.

Quarterly Results Analysis

For the quarter ended December 31, 2025, the company reported revenue from operations of ₹23,193.07 lakhs compared to ₹21,921.64 lakhs in the corresponding quarter of the previous year. Net profit for the quarter stood at ₹455.64 lakhs versus ₹714.85 lakhs in the same period last year, showing a significant decline.

Exceptional Items Impact

The company recorded exceptional expenses of ₹236.45 lakhs during the year related to new labour codes implementation. This provision represents incremental past service cost on gratuity payable to employees following the notification of four consolidated labour codes by the Government of India on November 21, 2025. The codes consolidate 29 existing labour regulations and required the company to reassess its employee benefit obligations.

Board Decisions and Corporate Actions

The board meeting, which commenced at 2:00 PM and concluded at 6:25 PM on February 24, 2026, approved several key decisions. The board recommended a final dividend of ₹3 per equity share of nominal value ₹10 each for the financial year ended December 31, 2025, subject to shareholder approval at the upcoming Annual General Meeting.

Additional Appointments and Compliance

The board also approved the appointment of M/s. Chandra Wadhwa & Co as Cost Auditor of the Company, subject to shareholder approval at the 78th AGM. Additionally, the board considered the reappointment of Mr. Adnan Wajhat Ahmad as an Independent Director for a second term of 3 years commencing from April 1, 2026, also subject to member approval. The statutory auditors, Price Waterhouse Chartered Accountants LLP, issued an unmodified audit report on the financial statements, confirming compliance with regulatory requirements.

DIC India Limited has successfully completed its postal ballot voting process for the appointment of Mr. Avijit Mukerji as Independent Director. The company announced the results on February 13, 2026, following a comprehensive voting process conducted through remote e-voting mode.

Director Appointment Details

The special resolution sought approval for the appointment of Mr. Avijit Mukerji (DIN: 03534116) as Independent Director for a 3-year term commencing from December 10, 2025. He was earlier appointed as an additional director in the category of Independent Director before receiving formal shareholder approval through the postal ballot process.

Professional Background and Expertise

Avijit Mukerji brings extensive experience as a Chartered Accountant (FCA) with a distinguished career spanning senior leadership roles. He previously served as a Partner at Price Waterhouse and held several senior positions at PwC India, including roles on the India Board and Leadership Team. Currently, he serves as Managing Partner at Tatva Sutra Solutions LLP, specialising in equity research, advisory, and investment.

Voting Results and Shareholder Response

The resolution received overwhelming support from shareholders, with 99.95% of valid votes cast in favour of the appointment. The detailed voting breakdown demonstrates strong shareholder confidence in the proposed appointment.

Regulatory Compliance and Process

The postal ballot process was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. DIC India Limited appointed Karan Arora & Associates, Practicing Company Secretaries, as the scrutinizer for conducting the postal ballot process.

The company confirmed that Mr. Avijit Mukerji is not related to any existing directors on the board and is not debarred from holding the office of director by virtue of any SEBI order or other regulatory authority. The appointment strengthens the company's board with his expertise in financial advisory and investment management.