DIC India Limited Announces Resignation of Director Paul Koek Effective January 2026

DIC India Limited has announced the resignation of Mr. Paul Koek (DIN: 00081930) as Non-Executive Non-Independent Director, effective January 01, 2026. The resignation was communicated to stock exchanges through a formal disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mr. Paul Koek submitted his resignation letter dated January 01, 2026, tendering his resignation with immediate effect from January 01, 2026. The primary reason cited for his resignation is his retirement from DIC Asia Pacific Pte Ltd, which serves as the parent company of DIC India Limited.

Parameter:	Details
Director Name:	Mr. Paul Koek
DIN:	00081930
Position:	Non-Executive Non-Independent Director
Effective Date:	January 01, 2026
Reason:	Retirement from parent company DIC Asia Pacific Pte Ltd

Board Committee Memberships

Prior to his resignation, Mr. Paul Koek held significant responsibilities across multiple board committees of DIC India Limited. His extensive involvement in corporate governance reflects his important role in the company's oversight functions.

Committee:	Membership Status
Audit Committee:	Member
Nomination & Remuneration Committee:	Member
Stakeholder Relationship Committee:	Member
Corporate Social Responsibility Committee:	Member

Regulatory Compliance

The company has fulfilled all regulatory requirements by filing the necessary disclosures with BSE Limited, The Calcutta Stock Exchange Ltd, and National Stock Exchange of India Limited. The disclosure was made in accordance with Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Master Circular dated November 11, 2024.

The resignation letter and detailed annexures have been submitted to ensure complete transparency and compliance with regulatory obligations. Company Secretary & Compliance Officer Meghna Saini (Membership No.: A-42587) signed the disclosure on behalf of DIC India Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.11%	-4.73%	-5.93%	-23.91%	-32.09%	+15.59%

DIC India Limited has received a GST demand order of ₹6.61 lakh from tax authorities in Uttar Pradesh for the financial year 2021-22. The company disclosed this development on December 31, 2025, under SEBI regulations regarding material events.

GST Demand Details

The demand order was issued by the Assistant Commissioner (in-situ), CGST-Range 23, Division V, Noida, under Section 73 of the Uttar Pradesh Goods and Services Tax Act, 2017. The total demand comprises two components:

Component	Amount
GST Amount	₹6.01 lakh
Penalty	₹0.60 lakh
Total Demand	₹6.61 lakh

Nature of Alleged Violation

The demand relates to alleged non-payment of GST against recovery of Research & Development fees from a foreign entity through the issuance of debit notes during FY 2021-22. The tax authorities have identified this as a contravention under the GST regulations.

Company's Response and Impact

DIC India Limited has stated that there is no impact on the financial, operational, or other activities of the company beyond the mentioned demand amount. The company is currently conducting a detailed review of the order and will decide on the next steps after comprehensive analysis.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30(6) read with Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company received the demand order on December 31, 2025, and promptly informed the stock exchanges including BSE, NSE, and The Calcutta Stock Exchange.