DCM Limited announced that Mr. Jitendra Tuli has resigned from the position of Chairman & Managing Director of the Company and accordingly has been relieved from his duties with effect from close of business hours on January 29, 2016. Mr. Jitendra Tuli will however continue on the Board of the Company in his capacity as Director of the Company. Dr. Vinay Bharat Ram has been appointed as an Additional Director of the Company with effect from January 29, 2016.

Dr. Vinay Bharat Ram has also been appointed as Chairman & Managing Director of the Company with effect from January 30, 2016 in place of Mr. Jitendra Tuli, for a period of three years, subject to necessary approvals.