Dai-ichi Karkaria Limited announced key leadership decisions following a Board of Directors meeting held on February 6, 2026. The board, acting on recommendations from the Nomination and Remuneration Committee, approved significant changes to the company's executive structure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Leadership Re-appointment and Restructuring

The board approved the re-appointment of Ms. Meher Vakil Taff (DIN: 07778396) as Managing Director for a three-year term commencing April 1, 2026, and concluding March 31, 2029. This re-appointment is subject to approval from the company's shareholders.

Executive Profile and Qualifications

Ms. Meher Vakil Taff, 40 years old, brings substantial experience to her expanded role. She has been associated with Dai-ichi Karkaria for the past 10 years and has been closely involved in the company's strategic development and growth initiatives during this period.

Her educational background includes a Bachelor of Arts in Economics and Business Institutions from Northwestern University, Illinois, USA. She possesses strong expertise in Marketing and Business Development, complemented by a comprehensive understanding of business operations and stakeholder management.

Professional Contributions and Experience

Ms. Vakil Taff has demonstrated significant contributions to improving organizational efficiency, execution discipline, and coordination across multiple key functions:

• Marketing and Sales operations
• Information Technology initiatives
• Finance management
• Human Resources development
• Production oversight

She has been actively involved in designing and implementing business strategies, operating frameworks, and internal policies that strengthen performance while reinforcing organizational culture and supporting sustainable growth. Her professional experience includes collaboration with multiple New York-based companies on initiatives related to Marketing and Sales strategy, Business Operations, and Technology-driven innovation, bringing valuable international perspective and best practices to the company.

Board Decisions and Corporate Governance

The board also acknowledged Mrs. Shernaz Vakil's (DIN: 00002519) decision to forgo her Annual increment and Performance-linked incentive for Financial Year 2026-2027. Mrs. Vakil serves as Chairperson and Whole-time Director of the company.

Regulatory Compliance

The company confirmed that Ms. Meher Vakil Taff is not debarred from holding the office of Director by virtue of any order of the Securities and Exchange Board of India or any other regulatory authority. The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III to the SEBI Listing Regulations, ensuring full compliance with regulatory requirements for director appointments and corporate governance standards.

Dai-ichi Karkaria Limited has successfully concluded a tax litigation matter, receiving a favorable income tax refund of ₹8,47,704 from the Income Tax Department. The company announced this development through a regulatory filing under Regulation 30 of the SEBI (LODR) Regulations, 2015, marking a positive resolution to proceedings related to Assessment Year 2017-18.

ITAT Victory Leads to Tax Refund

The company received an order from the Income-Tax Assessing Officer via email on January 7, 2026, implementing the Income Tax Appellate Tribunal's (ITAT) decision dated June 30, 2025, which ruled in favor of Dai-ichi Karkaria Limited. The tribunal's favorable verdict has resulted in the Income Tax Department granting a comprehensive refund to the company.

Regulatory Compliance and Documentation

The company has fulfilled its disclosure obligations by providing detailed information under multiple regulatory frameworks. The filing includes comprehensive details as required under Regulation 30 of the SEBI Listing Regulations, along with compliance to SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Background and Timeline

This latest development follows the company's previous intimation filed on January 20, 2025, regarding an Order under Section 250 of the Income Tax Act, 1961, which was received on January 17, 2025. The successful resolution demonstrates the company's effective handling of tax-related proceedings and its commitment to transparent regulatory reporting.

Financial Impact

The refund amount of ₹8,47,704 represents a positive cash flow for Dai-ichi Karkaria Limited, with no additional financial implications expected from this matter. The company has indicated that no further action is required following the receipt of this favorable order, suggesting the complete resolution of this particular tax dispute for Assessment Year 2017-18.