Enclosed herewith Regulation 30 Disclosure for Change in Directorate.
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Dai-Ichi Karkaria's board has approved re-designating Ms. Meher Vakil Taff, currently Managing Director, as Vice-Chairperson, CEO and Managing Director with effect from April 1, 2026. She has also been re-appointed as Managing Director for a three-year term from April 1, 2026 to March 31, 2029, subject to shareholder approval. Separately, Mrs. Shernaz Vakil, the current Chairperson and Whole-time Director (and Ms. Meher's mother), has voluntarily opted to forgo her annual increment and performance-linked incentive for FY 2026-27. Ms. Meher, aged 40, has been with the company for about 10 years and holds an economics degree from Northwestern University, with experience across marketing, sales, IT, finance, HR and production.
The transition signals leadership continuity with no external disruption, but it also deepens promoter-family control at the top, as the Chairperson's daughter takes on the CEO and Vice-Chairperson roles. The Chairperson's voluntary waiver of pay may be read as a cost-discipline signal; shareholders should watch for the outcome of the postal ballot or AGM approving the re-appointment.