DIC India Limited announced significant board changes following its meeting held on December 10, 2025. The Board of Directors approved the appointment of Avijit Mukerji as an Additional Independent Director, marking a strategic addition to the company's leadership structure.

Board Meeting and Appointment Details

The appointment was approved based on recommendations from the Nomination Remuneration Committee during the board meeting that commenced at 11:15 AM and concluded at 6:30 PM on December 10, 2025. The company has informed all major stock exchanges including BSE, NSE, and The Calcutta Stock Exchange about this development.

Professional Background

Avijit Mukerji brings substantial expertise to DIC India's board with his distinguished career in finance and advisory services. As a Chartered Accountant (FCA), he previously served as a Partner at PriceWaterhouse and held several senior leadership positions at PwC India, including roles on the India Board and Leadership Team.

Currently, Mukerji serves as Managing Partner at Tatva Sutra Solutions LLP, which specializes in equity research, advisory, and investment services. His academic achievements include securing national rankings in both Intermediate (AIR 12) and Final (AIR 21) examinations of the Institute of Chartered Accountants of India.

Current Board Positions

Mukerji's extensive board experience spans multiple sectors and organizations:

Shareholder Approval Process

The Board also approved conducting a postal ballot to seek shareholder approval for Mukerji's appointment as Additional Independent Director. This process will enable all company members to participate in the decision-making process regarding the board composition and all necessary actions in connection therewith.

Regulatory Compliance

The appointment announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Mukerji is not debarred from holding the office of director by virtue of any SEBI order or other regulatory authority, ensuring full compliance with regulatory requirements as mandated under BSE and NSE circulars.

This strategic appointment reflects DIC India's commitment to strengthening its board with experienced professionals who can contribute to the company's growth and governance objectives.

DIC India Limited , a prominent player in the printing inks and allied products industry, has taken legal action to enforce an arbitration award against Agam Agochars Private Limited. The company has filed an enforcement petition under Section 36 of the Arbitration and Conciliation Act before the District Commercial Court in Jaipur.

Details of the Arbitration Award

The interim arbitration award, dated August 20, 2025, includes the following components:

The total amount sought by DIC India, excluding future interest, stands at ₹3.36 crore.

Significance of the Legal Action

This legal move by DIC India underscores the company's commitment to recovering dues and protecting its financial interests. The enforcement petition, if successful, could have a positive impact on the company's cash flow and financial position.

Financial Context

While the arbitration award is significant, it's important to view it in the context of DIC India's overall financial position. Based on the most recent balance sheet data available:

The company's solid asset base and growing shareholders' capital suggest a strong financial foundation, which could be further strengthened by the successful recovery of the arbitration amount.

Implications for Investors

For DIC India's shareholders, this legal action demonstrates the management's proactive approach to addressing financial disputes. The potential inflow of ₹3.36 crore, while not substantial relative to the company's total assets of ₹587.40 crore, could still contribute positively to the company's working capital.

Investors should monitor the progress of this legal proceeding, as its outcome may provide insights into DIC India's ability to manage and resolve commercial disputes effectively.

As the case unfolds, stakeholders will be keen to see how this development impacts DIC India's financial performance and strategic decisions in the coming quarters.