DIC India Appoints New Leadership, Designates Key Personnel Following Board Meeting
DIC India Ltd. has approved several key appointments and designations following its Board meeting held on July 15, 2026. The board decisions include designating Mr. Hayato Kashiwagi as Managing Director, appointing Mr. Praveen Kumar Asthana as an Additional Director, and assigning Ms. Meghna Saini to a principal compliance role.Key Leadership Appointments Announced
The Board of Directors approved the appointment of Mr. Hayato Kashiwagi, currently a non-executive director, as Managing Director (Executive Director) of the company. This designation is for a term of 3 years, effective from September 01, 2026, and is subject to shareholder approval and other statutory approvals.
In addition, Mr. Praveen Kumar Asthana, currently the Chief Operating Officer (a Senior Managerial Person), was approved as an Additional Director in the category of Whole Time-Executive Director & Key Managerial Personnel. This appointment is for a term of 3 years, effective from July 15, 2026, subject to shareholders' approval. Mr. Asthana has also been appointed as Occupier of all the company's factories.
Ms. Meghna Saini, who is currently the Company Secretary & Compliance Officer, was designated by the Board as the Company Secretary (Compliance Officer) and Head Legal for the organization.
Director and KMP Profiles
The board-approved appointments involve several senior management personnel (KMPs). The details of the appointed individuals are provided below:
| Name | Designated Role | Date of Appointment/Term | Profile Summary |
|---|---|---|---|
| Mr. Praveen Kumar Asthana | Additional Whole Time Director, Executive Director, Key Managerial Personnel | July 15, 2026 / 3 years | He has over three decades of experience, working in leading MNCs and Indian companies prior to joining DIC India Ltd. He holds a B.Tech. in Chemical Engg from IIT Kanpur and is currently the Chief Operating Officer. |
| Mr. Hayato Kashiwagi | Managing Director, Executive Director, Key Managerial Personnel | September 01, 2026 / 3 years | He is Regional Business Product Director of DIC Asia Pacific Pte Ltd (DICAP). His career at DIC Corporation spans 25 years and covers multiple areas in sales and marketing. He holds a Bachelor of Commerce from Doshisha University. |
| Ms. Meghna Saini | Company Secretary (Compliance Officer) & Head Legal, KMP | July 15, 2026 / As per Company's policy | She has more than a decade of experience in corporate secretarial and other corporate laws. She is a law graduate and holds an Executive Post Graduate Diploma in International Business from IIFT. |
Appointment Details
The company approved the appointment of Mr. Praveen Kumar Asthana as an Additional Director, subject to shareholders' approval, effective July 15, 2026. He was also appointed as Occupier of all the company’s factories. Similarly, the appointment of Mr. Hayato Kashiwagi as Managing Director is set for September 01, 2026, pending shareholder and statutory approvals.
The board meeting focused on approving these appointments alongside a postal ballot to seek necessary shareholder approval for all mentioned matters.
DICIND Stock Price Movement
As of 11:50 AM in live trading, DIC India Limited shares are edging higher, rallying by 1.25% or ₹6.50 to reach ₹524.55. The equity is currently being traded on a volume of 886 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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