Manish Bhatia Resigns as MD & CEO of DIC India Limited, Effective August 29, 2026
Mr. Manish Bhatia has resigned as Managing Director and CEO of DIC India Limited. His resignation is effective from the close of business hours on August 29, 2026. He had tendered his resignation on June 02, 2026, which was accepted by the Board. The company is making necessary regulatory filings.
The resignation of the MD and CEO can have a medium-term impact on the company's strategic direction and operations until a new leader is appointed and settles in.
The resignation of a key management personnel is a significant event but the company has followed due process and ensured a smooth transition. The announcement does not contain any negative financial implications or positive outlook impacting the sentiment.
DIC India Limited has announced the effective resignation of Mr. Manish Bhatia from his position as Managing Director (MD) and Chief Executive Officer (CEO). This resignation became effective at the close of business hours on August 29, 2026. Mr. Bhatia had previously tendered his resignation on June 02, 2026, and the Board accepted it during a meeting held on the same day. Consequently, he has been relieved of his responsibilities from the close of business hours of August 29, 2026.
The company has provided this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A detailed resignation letter from Mr. Bhatia, dated June 02, 2026, has been enclosed with the announcement for perusal. In his letter, Mr. Bhatia expressed that his decision was not easy, highlighting his professionally fulfilling and personally enriching journey with the organization. He conveyed gratitude for the trust, support, and guidance extended to him and stated his commitment to ensuring a smooth and orderly transition, continuing to discharge his responsibilities until his last working day on August 29, 2026, or any prior date advised by the board.
Mr. Bhatia also expressed confidence in the company's future prospects, stating that DIC India Limited is well-positioned for continued success. The company has ensured all necessary statutory and regulatory filings are being arranged.
A plain-language summary of a public exchange filing by DIC India Limited. Read the original for the full detail.