DIC India MD and CEO Manish Bhatia ceases office effective Aug 29, 2026

Ceo ResignedManagement Changes View source PDF Explain this filing

DICIND · price

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Price reactionminutes from the announcement price · days from the prior close

-5.0%Reaction day

₹605.00

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-5.3% vs market

Chemicals & Petrochemicals peers, median of 215sector · industry level-0.2%-4.7% vs sector

On the reaction day the stock moved 5.3 pts less than Nifty Microcap 250 and 4.7 pts less than its Chemicals & Petrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-5.0+0.3-5.3-0.2-4.7

Next day

-8.2-0.7-7.5-0.6-7.6

-5.6-1.2-4.4-0.6-5.0

-3.0-0.7-2.3+0.2-3.1

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+1.7+0.8+0.9+1.1+0.6

15d

+8.4-0.0+8.5+0.5+7.9

+5.6-0.8+6.4+0.0+5.6

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UpDownMarket · Nifty Microcap 250Sector · Chemicals & Petrochemicals peers, median of 215Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

DIC India Limited announced that Mr. Manish Bhatia has ceased to hold office as Director, Managing Director and CEO effective close of business hours on August 29, 2026. This follows his resignation letter dated June 2, 2026, which was accepted by the Board the same day. He will continue till August 29, 2026 for a smooth transition. In his letter, Bhatia mentioned leading the company through its revival and growth phase. No replacement has been announced yet.

Likely market impact

Leadership change at the top. Shareholders should watch for announcement of a new MD and CEO; near-term uncertainty in strategic direction.