Date: October 19, 2026
KMP / Board / Auditor Changes
Appointment of Chief Financial Officer
- Name: Mr. Kundip S. Thakker
- Designation: Chief Financial Officer & Key Managerial Personnel
- Date of Appointment: October 20, 2026
- Term of Appointment: Not applicable (appointed as full-time employee)
- Profile: Finance professional with over 26 years of experience in financial management, strategic planning, corporate finance, treasury, fundraising, financial controls and business performance management across diverse industries.
- Most recently served as Chief Financial Officer of Stelmec Limited, Mumbai (medium-voltage switchgear and smart power solutions company), where he led financial strategy, controls, fundraising, investor relations and IPO preparedness, including a private equity raise of ₹175 crore in 2024.
- Previously spent about ten years at Blue Star Limited as Head – Treasury & Shared Services (P2P), managing treasury and banking operations, working capital, foreign exchange exposure, trade finance and banking limits of about ₹6,000 crore across 16 banks, and capital raising including a ₹1,000 crore QIP in September 2023.
- Held senior finance and commercial roles at Black Box Limited (Essar Group), ABB Limited, Reliance Industries Limited, Navneet Education Limited and Borkar Packaging Private Limited.
- Awards received: CFO of the Year (2025), Finance Leader of the Year (2025), Best Treasurer of the Year (2024).
- Qualifications: Cost and Management Accountant (member of ICMAI), MBA in Finance from TIMS, Gujarat, B.Com. from Gujarat University, completed ICMAI's Certificate Course in Treasury and International Banking, and IIM Indore's Emerging CFO Programme.
- Confirmation: Not related to any Director or Key Managerial Personnel of the Company, not debarred from holding office by virtue of any order of SEBI or any other authority.
Cessation of Chief Financial Officer
- Name: Mr. Jayesh Lohiya (inferred from context)
- Designation: Chief Financial Officer and Key Managerial Personnel (ceased)
- Reason for cessation: Consequent upon appointment of Mr. Kundip S. Thakker as Chief Financial Officer
- Date of cessation: Close of business hours on October 19, 2026
- New designation: Deputy Chief Financial Officer (effective October 20, 2026)
- Employment status: Continues in employment of the Company
- Nature of cessation: Not on account of resignation
Authorized Key Managerial Personnel for Disclosures
- Mr. Kundip Thakker (Chief Financial Officer & KMP) - Email: kundip.thakker@dicabs.com
- Mr. Jayesh Patel (Company Secretary & Compliance Officer) - Email: jayesh.patel@dicabs.com
Dividend Declaration or Non-Declaration
Not Specified
Board Meeting Outcomes
Not Specified
Financial Results (Standalone & Consolidated)
Not Specified
Disinvestment / Strategic Actions
Not Specified
Other Operational / Legal / Strategic Disclosures
- Disclosure made pursuant to Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Reference to SEBI Master Circular No. SEBI/HO/CFD/POD2/CIR/P/0155 dated November 11, 2024
- Reference to BSE Circular no. LIST/COMP/14/2018-19 and NSE Circular No. NSE/CML/2018/24 dated June 20, 2018