Dai-Ichi Karkaria CEO, MD, chairman and AGM

Dai-Ichi Karkaria board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

ChairpersonSHERNAZ FIROZE VAKIL
Managing director and CEOMEHER VAKIL TAFF
Company Secretary and Compliance OfficerAnkit Shah

6 directors3 independent2 executive1 non-executive

SHERNAZ FIROZE VAKIL · ChairpersonExecutive · joined Feb 1979 · reappointed Apr 2025 · 1 listed board · 1 committee seat
ADI HIRJI JEHANGIRNon-executive · joined Feb 1986 · 1 listed board · 1 committee seat, 1 as chair
MEHER VAKIL TAFF · Managing director and CEOExecutive · joined Apr 2019 · reappointed Apr 2026 · 1 listed board · 1 committee seat
ASHOK VISHWANATH HIREMATHIndependent · joined Sep 2020 · reappointed Sep 2025 · 72 months as independent · 2 listed boards · 1 as independent · 2 committee seats, 1 as chair
BEHRAM MANECK SORABJIIndependent · joined Aug 2023 · 37 months as independent · 1 listed board · 1 as independent · 1 committee seat
SRINIVASAN VISHWANATHANIndependent · joined Jan 2025 · 20 months as independent · 2 listed boards · 2 as independent · 2 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left

CYRUS ADI BAGWADIA, left 23 Jan 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

Board
- 13 Aug 20265 of 6 present3 independent · 96 days in between
- 8 May 20266 of 6 present3 independent
Audit Committee
Chair ASHOK VISHWANATH HIREMATH
BEHRAM MANECK SORABJI, SRINIVASAN VISHWANATHAN
- 13 Aug 20263 of 3 present3 independent · 96 days in between
- 8 May 20263 of 3 present3 independent
Nomination and remuneration committee
Chair ASHOK VISHWANATH HIREMATH
BEHRAM MANECK SORABJI, SRINIVASAN VISHWANATHAN, SHERNAZ FIROZE VAKIL
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair ADI HIRJI JEHANGIR
SHERNAZ FIROZE VAKIL, ASHOK VISHWANATH HIREMATH, MEHER VAKIL TAFF
- 14 Jul 20262 of 4 present0 independent
Corporate Social Responsibility Committee
Chair ASHOK VISHWANATH HIREMATH
ADI HIRJI JEHANGIR, BEHRAM MANECK SORABJI, SHERNAZ FIROZE VAKIL, MEHER VAKIL TAFF
- 13 Aug 20264 of 5 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

B S R & Co LLPPeer-review certificate valid to Jul 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Dai-Ichi Karkaria AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Dai-Ichi Karkaria dividend history

Annual general meeting, 27 Aug 2026

5,942 shareholders on the register on 20 Aug 2026; present: 9 promoters and 50 others; votes counted by Alwyn D'Souza / Alwyn Jay & Co..The company's voting result (opens in a new tab)

To receive, consider and adopt the Audited Standalone & Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.78% · promoters 100.00% · institutions 0.00% · other public 2.23%
To declare a dividend of Rs. 1.50 (15%) per equity share of face value of Rs. 10/- each for the Financial Year ended March 31, 2026.
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.78% · promoters 100.00% · institutions 0.00% · other public 2.23%
To appoint a Director in place of Mrs. Shernaz Vakil (DIN: 00002519), who retires by rotation and being eligible, offers herself for re-appointment.
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.78% · promoters 100.00% · institutions 0.00% · other public 2.23%
To ratify remuneration payable to M/s. Diwanji & Associates, Cost Accountants, (Firm Registration no. 100227) appointed as Cost Auditor of the Company, amounting to Rs. 1,50,000/- plus applicable taxes and reimbursement of actual out of pocket expenses incurred in connection with the Cost Audit of the Company, for the financial year ending March 31, 2027.MoreLess
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.78% · promoters 100.00% · institutions 0.00% · other public 2.23%
To approve Material Related Party Transactions with ChampionX Dai-ichi India Private Limited upto maximum aggregate value of Rs. 60 crores from the conclusion of this 66th Annual General Meeting upto the date of the next 67th Annual General Meeting for a period not exceeding fifteen months and shall be executed at arm's length basis and in the ordinary course of business.MoreLess
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 0.80% · promoters 0.00% · institutions 0.00% · other public 2.23%
To approve Material Related Party Transactions with Indian Oxides and Chemicals Private Limited upto maximum aggregate value of Rs. 60 crores from the conclusion of this 66th Annual General Meeting upto the date of the next 67th Annual General Meeting for a period not exceeding fifteen months and shall be executed at arm's length basis and in the ordinary course of business.MoreLess
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 0.80% · promoters 0.00% · institutions 0.00% · other public 2.23%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Dealings with its subsidiaries, promoters, directors and their firms, reported every half-year.Promoters and their stake

Half-year to Mar 2026: ₹23.8 Cr25 dealings
Half-year to Sep 2025: ₹21.3 Cr23 dealings
Half-year to Mar 2025: ₹31.1 Cr26 dealings
Half-year to Sep 2024: ₹15.2 Cr27 dealings
Half-year to Mar 2024: ₹8.5 Cr27 dealings
Half-year to Sep 2023: ₹10.8 Cr25 dealings

Between	Dealing
Dai-ichi Karkaria Limited and ChampionX Dai‐ichi India Private LimitedEntities in which KMP / Relatives of KMP can exercise significant influence	Sale of goods or services	50.00	15.41	4.67	5.43
Dai-ichi Karkaria Limited and Indian Oxides and Chemicals Private LimitedEntities in which KMP / Relatives of KMP can exercise significant influence	Purchase of goods or services	50.00	3.06	0.00	0.00
Dai-ichi Karkaria Limited and Shernaz Firoze VakilPromoter & Key Managerial Personnel	Remuneration	–	1.95	0.00	0.00
Dai-ichi Karkaria Limited and Meher Vakil TaffPromoter & Key Managerial Personnel	Remuneration	–	1.79	0.00	0.00
Dai-ichi Karkaria Limited and Farokh P GandhiKey Managerial Personnel	Remuneration	–	0.50	0.00	0.00
Dai-ichi Karkaria Limited and General Pharmaceuticals Private LimitedEntities in which KMP / Relatives of KMP can exercise significant influence	Purchase of goods or services	5.00	0.36	−0.10	0.00
Dai-ichi Karkaria Limited and Ankit ShahKey Managerial Personnel	Remuneration	–	0.24	0.00	0.00
Dai-ichi Karkaria Limited and Shernaz Firoze VakilPromoter & Key Managerial Personnel	Any other transactionCompensation in respect of occupation of office premises	1.00	0.21	0.00	0.00
Dai-ichi Karkaria Limited and Indian Oxides and Chemicals Private LimitedEntities in which KMP / Relatives of KMP can exercise significant influence	Any other transactionReceiving of services/ Reimbursement of Expenses	0.50	0.08	0.04	0.01
Dai-ichi Karkaria Limited and ChampionX Dai‐ichi India Private LimitedEntities in which KMP / Relatives of KMP can exercise significant influence	Any other transactionReceiving of services/ Reimbursement of Expenses	0.50	0.08	0.00	0.00
Dai-ichi Karkaria Limited and Uni Klinger LimitedEntities in which KMP / Relatives of KMP can exercise significant influence	Purchase of goods or services	1.00	0.05	−0.01	0.00
Dai-ichi Karkaria Limited and Meher Vakil TaffPromoter & Key Managerial Personnel	Any other transactionReceiving of services/ Reimbursement of Expenses	–	0.02	0.00	0.00
Dai-ichi Karkaria Limited and Natch Products & Services Private LimitedEntities in which KMP / Relatives of KMP can exercise significant influence	Any other transactionReimbursement of Expenses	0.50	0.02	0.00	0.00
Dai-ichi Karkaria Limited and Ashok Vishwanath HiremathDirector	Any other transactionPayment of Sitting Fees	–	0.02	0.00	0.00
Dai-ichi Karkaria Limited and Behram SorabjiDirector	Any other transactionPayment of Sitting Fees	–	0.02	0.00	0.00
Dai-ichi Karkaria Limited and Natch Products & Services Private LimitedEntities in which KMP / Relatives of KMP can exercise significant influence	Any other transactionReimbursement towards allocation of expenses	0.03	0.02	0.04	0.04
Dai-ichi Karkaria Limited and Srinivasan VishwanathanDirector	Any other transactionPayment of Sitting Fees	–	₹85,000	0.00	0.00
Dai-ichi Karkaria Limited and Adi Hirji JehangirPromoter & Director	Any other transactionPayment of Sitting Fees	–	₹50,000	0.00	0.00
Dai-ichi Karkaria Limited and Feroze D NeterwalaPromoter Group	Any other transactionReimbursement of Expenses	1.00	₹41,000	0.00	0.00
Dai-ichi Karkaria Limited and Shernaz Firoze VakilPromoter & Key Managerial Personnel	Any other transactionReceiving of services/ Reimbursement of Expenses	–	₹34,000	0.00	0.00
Dai-ichi Karkaria Limited and Chemicals & Ferro Alloys Private LimitedEntities in which KMP / Relatives of KMP can exercise significant influence	Any other transactionReceiving of services/ Reimbursement of Expenses	1.00	₹24,000	0.00	0.00
Dai-ichi Karkaria Limited and Netal India LimitedEntities in which KMP / Relatives of KMP can exercise significant influence	Any other transactionReceiving of services/ Reimbursement of Expenses	1.00	₹18,000	0.00	0.00
Dai-ichi Karkaria Limited and General Pharmaceuticals Private LimitedEntities in which KMP / Relatives of KMP can exercise significant influence	Sale of goods or services	5.00	0.00	0.00	0.00
Dai-ichi Karkaria Limited and ChampionX Dai‐ichi India Private LimitedEntities in which KMP / Relatives of KMP can exercise significant influence	Investment	–	0.00	0.68	0.68
Dai-ichi Karkaria Limited and Shernaz Firoze VakilPromoter & Key Managerial Personnel	Any other transactionDeposit in respect of occupation of office premises	–	0.00	0.32	0.32

The 25 largest of 25 dealings in the half-year to Mar 2026, ₹ crore.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

Tax disputeFaceless Penalty Unit, Income Tax DepartmentSince 10 Mar 2026
In relation to the Assessment Order for Assessment Year 2024-25, the Company has received an Order dated September 18, 2026 under Section 270A of the Income-tax Act, 1961 (“Penalty Order”), levying a penalty of Rs. 15,17,876 in respect of an amount of Rs. 90,93,440 treated as under-reported income for Assessment Year 2024-25, which had the effect of reducing the loss claimed by the company. The Company will file an appeal before the Commissioner of Income Tax (Appeals) against the Penalty Order, being the statutory appellate remedy available against the said Order.MoreLess
At the filing before: Assessment order u/s 144 read with Section 144B of the Income tax Act 1961 datedt 6th March 2026
Tax disputeBombay Provincial Municipal Corporations Act, 1949 (Octroi Rules)Since 8 Mar 2007
On July 22, 2026, the High Court disposed of the matter as withdrawn, granting the Company liberty to pursue the statutory remedies available under Section 406 of the Maharashtra Municipal Corporations Act, 1949, within 60 days. Accordingly, the Company filed a formal complaint under Section 406 of the said Act on September 18, 2026, within the stipulated time period.MoreLess
At the filing before: Case was pending before high court

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

Received
Resolved

Open at the quarter's end

None open at any quarter's end.

The board is made up as the listing rules require: Yes
The board has a regular chairperson: Yes
The company has a risk management committee: No
The chair is related to the managing director: Yes
The filing has a part on fines and penalties: No
The filing has a part on tax disputes: Yes
There was a cyber security incident in the quarter: No

The company's own answers in its filing.

Dai-Ichi Karkaria board of directors

Committees and meetings

Board

Audit Committee

Nomination and remuneration committee

Stakeholders Relationship Committee

Corporate Social Responsibility Committee