Dai-ichi Karkaria Limited has informed the stock exchanges about a credit rating downgrade by CRISIL Ratings Limited on March 4, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The downgrade affects the company's total bank loan facilities worth Rs 25 crore.

Rating Downgrade Details

CRISIL has downgraded both long-term and short-term ratings for the company's bank facilities. The rating agency cited moderation in the company's business risk profile due to reduced operating margins and an expected decline in operating revenue for fiscal 2026 against previous expectations.

Bank Facility Breakdown

The downgraded facilities are entirely with Axis Bank Limited and comprise two main components. The cash credit facility accounts for the larger portion of the total rated amount.

Regulatory Compliance

The company has fulfilled its disclosure obligations under SEBI regulations by promptly informing the stock exchanges about the rating action. The rating rationale and related documents have been made available on the company's website at dai-ichiindia.com/investors for stakeholder reference.

Rating Validity and Surveillance

CRISIL maintains continuous surveillance on all assigned ratings and reserves the right to revise ratings based on new information or changing circumstances. The current rating letter remains valid until March 31, 2026, after which a new rating letter would be required. If the company does not avail the proposed facilities within 180 days from the rating date, a fresh revalidation letter from CRISIL will be necessary.

Dai-ichi Karkaria Limited has announced a postal ballot notice for seeking shareholder approval for the re-appointment of Ms. Meher Vakil Taff as Managing Director. The company issued the notice on February 6, 2026, with the e-voting process scheduled to commence on February 19, 2026.

Postal Ballot Details

The postal ballot seeks approval for a special resolution regarding the re-appointment of Ms. Meher Vakil Taff (DIN: 07778396) as Managing Director for a three-year term from April 1, 2026, to March 31, 2029. Additionally, the company proposes to designate her as Vice-Chairperson, Chief Executive Officer and Managing Director.

Management Profile and Experience

Ms. Meher Vakil Taff, aged 40 years, has been associated with the company for the past 10 years and has been closely involved in its strategic development and growth. She holds a Bachelor of Arts in Economics and Business Institutions from Northwestern University, Illinois, USA, and brings expertise in Marketing and Business Development.

She currently serves as a Member of the Stakeholders Relationship Committee and the Corporate Social Responsibility Committee. Her professional experience includes working with multiple New York-based companies on initiatives related to Marketing and Sales strategy, Business Operations, and Technology-driven innovation.

Proposed Remuneration Structure

The Board of Directors approved the remuneration terms for the three-year period commencing April 1, 2026:

Company Financial Performance

The company's financial performance for the year ended March 31, 2025, shows:

Previous Remuneration and Shareholding

During Financial Year 2024-25, Ms. Meher Vakil Taff received total compensation comprising Salary of Rs. 127.76 lakhs, Perquisites of Rs. 144.32 lakhs, and Performance Incentive of Rs. 40.25 lakhs. She currently holds 3,65,000 equity shares, representing 4.90% of the company's shareholding.

E-voting Process

The company has engaged Central Depository Services (India) Limited (CDSL) to provide e-voting facility to all members. Only shareholders whose names appear in the register of members as on the cut-off date of February 13, 2026, will be entitled to participate in the e-voting process. The postal ballot notice has been sent via email to registered shareholders in compliance with Ministry of Corporate Affairs circulars.