DIC India Limited, a prominent player in the Indian manufacturing sector, has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Navapol Chuensiri as a Non-Executive Non-Independent Director on its board. This move comes as part of the company's efforts to strengthen its leadership team and drive growth in the Asia Pacific region.

Key Details of the Appointment

• Appointment Date: Mr. Chuensiri was initially appointed as an Additional Director by the Board on August 13, 2025.
• Position: Non-Executive Non-Independent Director, liable to retire by rotation.
• Current Role: Deputy Regional Managing Director of DIC Asia Pacific Pte Ltd.

Voting Process

The company has outlined the following details for the e-voting process:

• E-voting Period: September 15, 2025 (9:00 AM) to October 14, 2025 (5:00 PM)
• Cut-off Date for Eligibility: September 5, 2025
• Result Declaration: On or before October 15, 2025

Professional Background

Mr. Navapol Chuensiri brings a wealth of experience to DIC India:

• Experience: 30 years of broad leadership experience in global companies
• Previous Associations: SIG Combibloc, Tetra Pak, Amcor, Goodyear Tyre & Rubber, and O-I Glass
• Board Experience: Former board member of SIG Combibloc and O-I Glass
• Education:
  • Bachelor's and Master's degrees in Mechanical Engineering from Oregon State University, USA
  • Master's degree in Organizational Communication

Strategic Importance

Mr. Chuensiri's appointment is viewed as strategic for DIC India's growth plans:

• Expected to support the development of a robust and sustainable structural platform
• Aimed at driving business growth in the Asia Pacific Region
• Brings international experience, having lived, studied, and worked across multiple countries

Shareholder Action Required

Eligible shareholders are encouraged to participate in the e-voting process through the National Securities Depository Limited (NSDL) e-voting system. The company has appointed Karan Arora & Associates as the scrutinizer to ensure a fair and transparent voting process.

DIC India Limited's move to appoint Mr. Navapol Chuensiri reflects the company's commitment to enhancing its board with experienced professionals. Shareholders now have the opportunity to vote on this significant appointment, which could potentially influence the company's strategic direction in the Asia Pacific market.

DIC India , a leading player in the printing inks and allied materials industry, has secured a significant interim award in an ongoing arbitration proceeding. The company announced on August 21, 2025, that it has been granted an interim award of 20.9 million rupees (approximately 2.09 crore rupees) for outstanding dues owed by Agam Agochars Private Limited.

Arbitration Details

The arbitration process, which began earlier this year, stems from DIC India's efforts to recover outstanding payments from Agam Agochars Private Limited. On August 20, 2025, the Honorable Sole Arbitrator passed an interim award in favor of DIC India, allowing the company's application filed under Section 31(6) of the Arbitration and Conciliation Act, 1996.

Breakdown of the Award

The interim award includes the following components:

1. A principal sum of 20.89 million rupees (2.09 crore rupees) towards admitted outstanding dues.
2. Interest at a rate of 18% per annum, compounded monthly, from the respective due dates of invoices until the date of filing the Statement of Claim.
3. Pendente-lite and future interest at a rate of 6% per annum (simple interest) on the principal sum from the date of filing the Statement of Claim until the date of actual payment.

Ongoing Proceedings

While this interim award marks a positive development for DIC India, the arbitration proceedings are still ongoing. The company had also filed an application under Section 23(2A) read with Section 16 of the Arbitration and Conciliation Act, seeking dismissal of a counter-claim filed by Agam Agochars. The Arbitral Tribunal has disposed of this application at the current stage, leaving issues related to the counter-claim open for examination during the final adjudication.

Next Steps

The matter is now scheduled for framing of issues on September 4, 2025. This step will further define the scope of the arbitration and set the stage for the final resolution of the dispute.

Company Statement

In its regulatory filing, DIC India stated, "The Company wishes to disclose the details of the Interim Award dated August 20, 2025 passed by the Ld. Arbitrator." This disclosure was made in compliance with SEBI regulations on material events and information.

Market Impact

While the interim award represents a positive outcome for DIC India, investors and stakeholders should note that the arbitration process is still ongoing. The final impact on the company's financials will depend on the ultimate resolution of the dispute and the recovery of the awarded amount.

DIC India continues to trade on the BSE, NSE, and the Calcutta Stock Exchange. Shareholders and potential investors are advised to monitor further developments in this arbitration process.