DIC India Limited has disclosed that Manish Bhatia, the company’s Managing Director and Chief Executive Officer, has tendered his resignation. The resignation letter dated June 2, 2026 was accepted by the Board, and Bhatia will continue to discharge his responsibilities until the close of business on August 29, 2026, after which he will cease to hold the office. The formal and detailed resignation is being processed to ensure a smooth transition and proper regulatory filings.
Bhatia steered the company through a pivotal phase of revival, growth and transformation, guiding key strategic priorities and helping lay a foundation for the future. His leadership has been marked by efforts to reposition the business and strengthen its operating trajectory as it navigates a changing market landscape.
The company underscored its commitment to an orderly transition and ongoing leadership continuity, with the board and management team aligning on the sequence of actions to ensure business momentum is maintained. While a successor will be identified through the standard succession process, DIC India emphasized that it will pursue a smooth handover and uninterrupted execution of strategic plans.
As DIC India enters this new chapter, investors and stakeholders will be watching closely to see how the organization sustains its revival trajectory and long-term growth ambitions under new leadership, while continuing to deliver value across its portfolio and partner ecosystem.