Nature of change: Appointment of Mr. Ashwani Saraf as Chief Operating Officer and designation as Senior Management Personnel (SMP)
Name and details: Ashwani Saraf (DIN not provided in disclosure)
Effective date: October 3, 2026
Term: Not applicable, as he is appointed as a full-time employee of the Company
Profile and qualifications: Manufacturing operations leader with over 30 years of experience in cables, automotive, power and telecom manufacturing. Most recently served as Director – Production & Technical at JJLAPP, Jakarta (a Jebsen & Jessen and LAPP Holding Asia joint venture), leading end-to-end cable manufacturing across ASEAN for a business of about S$250 million. Previously served as Vice President – Manufacturing at LAPP India, owning plant operations for a business of about ₹1,000 crore. Held senior operations roles at Cable Corporation of India (HT and EHV cables), RPG Cables (LT power and telecom cables) and UM Cables of the Usha Martin Group as Unit Head. Began career at Tata Motors, rising from Graduate Engineer Trainee to Senior Manager over 12 years across Pune, Jamshedpur and Lucknow plants.
Education: B.E. in Mechanical Engineering from NIT Surathkal (1994)
Certifications: Motorola University–certified Six Sigma Green Belt
Relationships: Not Applicable (as per disclosure)
Eligibility: No specific declaration of non-disqualification or SEBI/BSE/NSE norm compliance mentioned in the disclosed annexures
Cessation of Previous COO
Nature of change: Cessation of Mr. Kalpesh Patel as Chief Operating Officer and Senior Management Personnel (SMP)
Reason: Inability to continue in his position on account of health reasons
Effective date: October 3, 2026 (close of business hours)
Previous tenure: Not specified in the disclosure
Succession planning: The disclosure does not indicate whether this succession was planned or interim
Governance Implications
The role of Chief Operating Officer represents a key operational leadership position with responsibility for manufacturing operations and P&L accountability
The disclosure does not mention any specific financial oversight implications or changes to governance structure
Key Financial or Operational Approvals
No financial results, fundraising, acquisitions, capital infusion, business restructuring, or dividend declarations were mentioned in this disclosure
The disclosure solely concerns personnel changes at the senior management level
Strategic or Business Context
No commentary on business outlook, risks, demand trends, regulatory developments, or macro/micro headwinds was provided
No segment-wise insights, restructuring actions, cost measures, expansion plans, or capex announcements were disclosed
No forward-looking actions or guidance were mentioned
No references to liquidity position, leverage, working capital, or refinancing plans were included
Any Other Material Information
Regulatory compliance: The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Reference circular: SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Exchange compliance: Information required pursuant to BSE Circular no. LIST/COMP/14/2018-19 and NSE Circular No. NSE/CML/2018/24 dated June 20, 2018 was marked as "Not Applicable"
Website disclosure: The intimation is being uploaded on the Company's website at www.dicabs.com
