Dai-ichi Karkaria Limited announced a significant change in its senior management structure. Mr. Tajendra Gupta, who held the position of Business Head and was part of the company's Senior Management Personnel, has tendered his resignation.

Key Details of the Resignation

Additional Information

The company disclosed this development in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dai-ichi Karkaria Limited affirmed that Mr. Gupta's resignation letter explicitly stated there were no other material reasons for his departure beyond the personal reasons cited.

Impact and Next Steps

The departure of a senior executive may potentially impact a company's operations. However, Dai-ichi Karkaria Limited has not provided any immediate information regarding a successor or the potential impact on the company's business strategy.

The company's prompt disclosure of this information aligns with regulatory requirements and demonstrates transparency in its corporate governance practices. As the effective date of the resignation approaches, stakeholders may anticipate further updates from Dai-ichi Karkaria Limited regarding any transition plans or structural changes within the senior management team.

Investors and interested parties are advised to monitor official communications from the company for any additional details or developments related to this management change.

Dai-ichi Karkaria Limited , a leading specialty chemicals company, has reported strong financial results for the first quarter. The company's board approved the quarterly results, showcasing significant growth in both revenue and profitability.

Standalone Performance Highlights

• Revenue Growth: Dai-ichi Karkaria's standalone revenue from operations reached ₹3,945.00 lakhs, marking a substantial increase of 16.5% compared to ₹3,386.00 lakhs in the same quarter last year.
• Profit Turnaround: The company reported a standalone profit of ₹219.00 lakhs for the quarter, a remarkable improvement from a loss of ₹27.00 lakhs in the corresponding period of the previous year.
• Total Income: Including other income, the total income stood at ₹4,294.00 lakhs.
• Earnings Per Share: The standalone earnings per share (EPS) for the quarter was ₹2.94, compared to a negative ₹0.36 in the same quarter last year.

Consolidated Performance

On a consolidated basis, Dai-ichi Karkaria reported a profit of ₹2.00 lakhs for the quarter. This figure includes a ₹53.00 lakhs share of profit from joint ventures, highlighting the company's strategic partnerships' positive contribution.

Management Commentary

S. F. Vakil, Chairperson and Whole-time Director of Dai-ichi Karkaria, commented on the results: "Dai-ichi Karkaria delivered a strong start with a 16% increase in revenue from operations. Our financial position strengthened during the quarter, supported by improved liquidity and stable cash flows."

Key Performance Drivers

• Domestic Growth: Strong domestic growth balanced the effect of slower exports amidst global uncertainties.
• Segment Performance: Oilfield, Paints and Coatings, and Home & Personal care segments showed continued strength, driven by robust demand for core products, new customer additions, and successful product introductions.
• Operational Efficiency: The company implemented process improvements that enhanced throughput, reduced cycle times, and supported higher capacity utilization.

Future Outlook

Dai-ichi Karkaria is progressing with its capacity expansion project, including the commissioning of a new EO reactor. This expansion is expected to position the company to meet growing domestic and global market demand in the coming years.

The management remains committed to sustainability, operational excellence, and innovation. R&D continues to be central to the company's growth strategy, focusing on enhancing existing product performance and developing new customer-driven solutions.

About Dai-ichi Karkaria Limited

Dai-ichi Karkaria Limited is a specialty chemicals manufacturer that develops and produces high-performance chemicals for various industrial applications. The company operates in the specialty chemicals segment and has subsidiaries including Dai-ichi Gosei Chemicals (India) Limited and a joint venture ChampionX Dai-ichi India Private Limited.

Investors can find more detailed results on the BSE website ( www.bseindia.com ) and the company's website ( www.dai-ichiindia.com/investors ).