Why did Manish Bhatia resign?

The company states he is leaving to pursue other career opportunities. The filing provides no other reason.

When is his last day?

He will be relieved of his responsibilities at the close of business on August 29, 2026.

Has a successor been named?

No. The board has accepted the resignation but has not announced a replacement.

Why does this matter for a ₹460 cr company?

In a nano-cap firm, the CEO is central to business direction and investor trust. An unplanned vacancy without a successor introduces immediate strategic risk.

Chemicals · Micro cap

DIC India's CEO resigns. No successor named.

Manish Bhatia's exit at the end of August leaves the ₹460 cr nano-cap without a leader or a plan.

— 2 earlier stories on DIC India Ltd. →

DICIND By Tipsheet Editorial 2 Jun 2026 · 4:42 PM IST Verify on BSE · NSE

Mkt cap₹468 cr

P/E24.59×

ROE4.05%

Debt / eq.0.00

Div yld0.58%

₹460 cr DIC India's market cap, now facing a leadership vacuum.

What's new

MD & CEO Manish Bhatia resigns to pursue other opportunities, effective August 29.
The board accepted the resignation but has not named a successor.
The departure follows a period of recent operational improvement for the company.

Why this matters

At a ₹460 cr nano-cap, the CEO is the strategy. An unexpected exit without a named successor creates a leadership vacuum that the market will not tolerate quietly, especially after a period of operational improvement.

What we're watching

Whether the board names an interim or permanent CEO before August 29.
Any formal announcement of a succession search timeline.
The impact on DIC India's recent operational gains under Bhatia.

The full read

DIC India's Managing Director and CEO Manish Bhatia has resigned. His last day is August 29, 2026. The board accepted the move but has no successor named. For a firm with a market cap of ₹460 crore, this is a direct blow. Bhatia's departure comes after a period of recent operational improvement. The gains now lack a clear champion. The three-month notice period allows for an orderly handover, but the absence of a permanent replacement is the real problem. The company's strategic path is an open question.

Questions answered

Why did Manish Bhatia resign?: The company states he is leaving to pursue other career opportunities. The filing provides no other reason.
When is his last day?: He will be relieved of his responsibilities at the close of business on August 29, 2026.
Has a successor been named?: No. The board has accepted the resignation but has not announced a replacement.
Why does this matter for a ₹460 cr company?: In a nano-cap firm, the CEO is central to business direction and investor trust. An unplanned vacancy without a successor introduces immediate strategic risk.

Mentioned: Manish Bhatia · DIC India · ₹460 cr market cap

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

DIC India Ltd.

Chemicals

₹469 cr

P/E 24.67×

Latest quarter · Mar 2026

Sales₹241 cr

Net profit₹4 cr

Op. margin+3.6%

EPS₹4.61

Strength & growth

Debt / equity0.00×

Current ratio2.42×

Sales CAGR+2.1%

EPS CAGR−4.4%

Story so far

All notes on DICIND →

2 Jun 2026 · 4:42 PM IST DIC India's CEO resigns. No successor named.
13d ago DIC India fills CEO gap with parent veteran, elevates COO
24d ago DIC India names Deputy CEO — but she doesn't start for a year