DIC India Ltd has received shareholder approval for the appointment of Mr. Hayato Kashiwagi as Managing Director and Mr. Praveen Kumar Asthana as Whole Time Director. The appointments were finalized through an e-voting process. Mr. Kashiwagi brings extensive international experience from DIC Corporation Japan, while Mr. Asthana contributes decades of domestic and MNC operational expertise. Both directors will serve three-year terms, strengthening the company's executive leadership and strategic focus on its packaging and graphics business divisions.
DIC India Finalizes Executive Leadership Appointments
- Managing Director: Hayato Kashiwagi appointed for a three-year term effective September 01, 2026.
- Whole Time Director: Praveen Kumar Asthana appointed for a three-year term effective July 15, 2026.
Reader Takeaway: Strategic leadership additions bring 25 years of global DIC experience and three decades of operational expertise.
What just happened
DIC India Ltd concluded a postal ballot process on September 30, 2026, where shareholders officially approved the appointment of two executive directors. The e-voting results confirm the induction of Mr. Hayato Kashiwagi as the company's Managing Director and Mr. Praveen Kumar Asthana as a Whole Time Director. Both appointments are for fixed terms of three years.
Why this matters
The appointment of Mr. Kashiwagi reflects the company's focus on aligning local operations with global strategies, given his 25-year tenure at DIC Corporation in Japan and his prior oversight of packaging and graphic divisions in the Asia Pacific. Mr. Asthana, an IIT Kanpur graduate, brings significant depth to the manufacturing and supply chain verticals, which are critical for the company's core operations in India.
Governance and Compliance
The company clarified that both individuals are categorized as Executive Directors and are not liable to retire by rotation. DIC India confirmed that both appointments have been vetted for regulatory compliance, stating that neither director is subject to any debarment orders from SEBI or other authorities. Mr. Kashiwagi’s appointment remains subject to final requisite approval from the Central Government.