DIC India Appoints Hayato Kashiwagi as MD & Praveen Asthana as Whole Time Director
DIC India appointed Hayato Kashiwagi as MD for 3 years from Sep 01, 2026, and Praveen Kumar Asthana as Whole Time Director for 3 years from July 15, 2026. Both appointments were approved by members via postal ballot. Mr. Kashiwagi has 25 years of experience with DIC Corporation, while Mr. Asthana has over three decades of experience.
The appointment of a Managing Director and a Whole Time Director is significant for the company's strategic execution and operational management, potentially impacting future performance. The terms and responsibilities suggest a substantial role in the company's operations.
The appointment of key management personnel like a Managing Director and Whole Time Director is generally viewed positively as it indicates a strengthening of the company's leadership and strategic direction.
DIC India Limited has announced the appointment of Mr. Hayato Kashiwagi as the Managing Director and Mr. Praveen Kumar Asthana as the Whole Time Director of the company. The approvals were obtained via special resolutions passed through postal ballot and e-voting, which concluded on September 30, 2026.
Mr. Kashiwagi's appointment as Managing Director is for a term of three consecutive years, commencing from September 01, 2026. This appointment is subject to the approval of the Central Government and other necessary sanctions. Mr. Kashiwagi brings extensive experience from his 25-year career at DIC Corporation, Japan, and previously served as a Non-Executive Director at DIC India Limited. He holds a Bachelor of Commerce degree from Doshisha University and is currently the Regional Business Product Director of DIC Asia Pacific Pte Ltd.
Mr. Asthana's appointment as Whole Time Director is also for a term of three consecutive years, commencing from July 15, 2026. He is responsible for Manufacturing, Quality, Procurement, Supply Chain, Projects, Safety & Excellence at DIC India Limited. Mr. Asthana holds a B.Tech. in Chemical Engineering from IIT Kanpur and possesses over three decades of work experience in leading multinational and Indian companies.
Both directors are not liable to retire by rotation and are not debarred from holding directorships by any SEBI order or other authority. The company has submitted the necessary details as per SEBI regulations, including their brief profiles and confirmation of no relationship between the directors.
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DIC India Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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