Please find enclosed Intimation under Regulation 30 of SEBI Listing Regulations, 2015.
DAICHI · price
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On May 16, 2025, the Board of Dai-Ichi Karkaria approved five items in a single meeting. First, Mr. Ashok Hiremath (DIN: 00349345) was re-appointed as Non-Executive Independent Director for a 5-year term from September 8, 2025 to September 7, 2030, subject to shareholder approval; he is an Oxford-trained chemical industry veteran with 40+ years of experience and founder of Astec LifeSciences. Second, Mr. Tajendra Gupta, currently Business Head, was formally appointed to the Senior Management Personnel category effective May 16, 2025; he brings 32+ years across Hindustan Petroleum, Total Energies (27 years in India, France, and Dubai), and most recently as MD of a Nigerian oil company. Third, M/s Vinod Kothari & Company, Practicing Company Secretaries, was appointed as Secretarial Auditor for 5 consecutive financial years (FY2025-26 to FY2029-30), subject to shareholder approval. Finally, the Board approved adoption of a new Memorandum of Association and a new Articles of Association aligned with the Companies Act, 2013, with expanded object clauses to allow the company to explore new business lines.
These are largely routine governance and regulatory housekeeping actions with no immediate material financial impact. The appointment of a senior leader with deep Oil & Gas downstream experience is the most noteworthy item and may hint at strategic diversification plans, though no concrete business direction has been disclosed.