DIC India seeks shareholder approval for MD & Whole Time Director appointments
DIC India Limited is seeking shareholder approval for the appointment of Mr. Hayato Kashiwagi as Managing Director and Mr. Praveen Kumar Asthana as Whole Time Director. E-voting will take place from September 1 to September 30, 2026. Mr. Kashiwagi will receive ₹15.86 lakh monthly salary, while Mr. Asthana will receive ₹6.03 lakh monthly.
The appointment of a Managing Director and a Whole Time Director are significant for the company's strategic direction and operational management, impacting its future performance and governance.
The announcement concerns routine corporate governance procedures, specifically the appointment of key management personnel, which is a standard operational event for the company.
DIC India Limited has announced the submission of a Postal Ballot Notice dated August 31, 2026, seeking shareholder approval for two special resolutions. The resolutions pertain to the appointment of Mr. Hayato Kashiwagi as the Managing Director and Mr. Praveen Kumar Asthana as the Whole Time Director of the company.
The e-voting process for these resolutions will commence on September 1, 2026, at 09:00 AM and conclude on September 30, 2026, at 05:00 PM. The cut-off date for determining voting eligibility is August 21, 2026.
Mr. Hayato Kashiwagi is proposed to be appointed as Managing Director for a period of three years from September 1, 2026, with a monthly salary of ₹15,85,925, a performance bonus, and perquisites up to ₹1,15,00,000 per annum. Mr. Praveen Kumar Asthana, who was appointed as Additional Whole Time Director on July 15, 2026, is proposed to be appointed as Whole Time Director for three years from the same date. His remuneration includes a monthly salary of ₹6,02,900, a target performance bonus, a deferred bonus, and perquisites up to ₹70,00,000 per annum.
The company has engaged National Securities Depository Limited (NSDL) to provide the e-voting facility. The results of the postal ballot will be declared within 48 hours of the conclusion of voting.
A plain-language summary of a public exchange filing by DIC India Limited. Read the original for the full detail.