Correct option is B
Subhash Dandekar was the key figure responsible for diversifying Camlin into art materials in 1960 and served as its chairman emeritus.
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Diversification: In 1960, Subhash Dandekar led the company’s expansion from stationery to art materials.
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Chairman Emeritus: He held the position of chairman emeritus at Kokuyo Camlin until his passing in 2024.
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Company's Evolution: Camlin, originally founded in 1931, underwent significant growth and transformations under his leadership.
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Acquisition by Kokuyo: In 2011, Japanese stationery giant Kokuyo Co. acquired a majority stake in Camlin.