DCM Nouvelle Limited informed the stock exchanges that its Board of Directors met on March 31, 2026. The meeting resulted in the approval for the re-appointment of two Non-Executive Independent Directors. Mr. Vivek Chhachhi was re-appointed for a five-year term starting April 01, 2026, while Mr. Kulbir Singh’s re-appointment covers a period from June 22, 2026, to May 11, 2027. Both appointments are subject to shareholder approval.

The decision follows recommendations from the Nomination and Remuneration Committee. Mr. Vivek Chhachhi is an experienced investment advisor with a background in equity research and managing investments across sectors like IT and Pharmaceuticals. Mr. Kulbir Singh brings extensive leadership experience in business strategy and financial management, having previously served with Grindlays Bank. The company confirmed that neither director has been debarred by SEBI or any other authority.

DCM Nouvelle Limited is a leading textile company primarily engaged in the manufacturing and sale of cotton yarn. The group reported revenue of approximately 1,076 Crores in fiscal 2025. Recent updates include the commencement of operations at its specialty chemical arm in Madhya Pradesh for producing Benzylamine and the planned launch of a solar power plant in November 2025. The company continues to focus on automation and expanding its market reach in domestic and export regions.

For the third quarter of fiscal 2025-26, the company reported revenue of 272.53 Crores. This represented a quarter-on-quarter increase of 14.09% from 238.88 Crores. However, the company recorded a net loss of 1.51 Crores for the quarter. While specific high-profile individual investors are not frequently highlighted in recent 2024-2025 filings, the promoter group led by Mr. Hemant Bharat Ram maintains a significant 50.11% stake in the company.

Leave a Reply

Quote of the week

Do not save what is left after spending; instead spend what is left after saving

~ Warren Buffett

Designed with WordPress

Discover more from Investeepedia

Subscribe now to keep reading and get access to the full archive.

Continue reading