DIC India Limited has informed the Exchange regarding Appointment of Mr ADNAN WAJHAT AHMAD as Independent Director of the company w.e.f. April 01, 2026.
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DIC India Limited's board, at its meeting on February 24, 2026, approved audited financial results for Q4 and FY ended December 31, 2025. Total income for FY25 stood at Rs. 89,786.38 lakhs (vs Rs. 89,110.90 lakhs in FY24), while net profit declined to Rs. 1,737.66 lakhs from Rs. 1,953.90 lakhs in the previous year. EPS came in at Rs. 18.93 (vs Rs. 21.29). The board recommended a final dividend of Rs. 3 per equity share of Rs. 10 face value, with record date set as March 16, 2026. Mr. Adnan Wajhat Ahmad was reappointed as Independent Director for a second term of 3 years starting April 1, 2026, subject to shareholder approval at the 78th AGM on March 23, 2026. M/s. Chandra Wadhwa & Co was appointed as Cost Auditor for FY26, and statutory auditors Price Waterhouse issued an unmodified audit opinion.
Profit declined modestly year-on-year but the company maintained dividend payouts, signaling stable shareholder returns. Reappointment of an experienced independent director ensures board continuity, while the clean audit report reinforces confidence in financial reporting. Overall, a neutral-to-mildly positive development for shareholders.