DCW Limited has informed the Exchange regarding Appointment of Mr Bakul Premchand Jain (DIN: 00380256) as Chairman & Managing Director of the company w.e.f. July 27, 2026.
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DCW Limited's Board, at its August 8, 2025 meeting, approved unaudited results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations stood at Rs. 47,549.79 lakhs, down from Rs. 49,952.42 lakhs in Q1 FY25, but net profit rose to Rs. 1,138.94 lakhs (from Rs. 672.80 lakhs) and EPS improved to Rs. 0.39 (from Rs. 0.23). The Board approved the re-appointment of Mr. Vivek Shashichand Jain as Managing Director for 3 years from March 1, 2026, and Mr. Bakul Premchand Jain as Managing Director for 3 years from July 27, 2026, both subject to shareholder approval. Mehta & Mehta was appointed as Secretarial Auditor for a 5-year term (FY26–FY30). The auditor's review report highlighted pending tax/customs/electricity disputes worth over Rs. 9,300 lakhs for which no provision has been made, while the Madras High Court gave a favourable interim order on the Sahupuram land matter.
Stronger year-on-year profitability in Q1 despite lower revenue signals improving margins, but heavy contingent liabilities (electricity tax, customs duty, income tax) remain a key overhang. Continuity at the top with re-appointments of both MDs provides management stability, though shareholder approval is still pending.