DCM Shriram Limited has informed the Exchange about Action(s) taken or orders passed
DCMSHRIRAM · price
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DCM Shriram Limited has received an order dated 30th April 2025 from the Additional Commissioner of Customs, Nhava-Sheva, Maharashtra, demanding Rs. 51.31 lakhs. This includes a redemption fine of Rs. 8.50 lakhs, differential duty of Rs. 21.40 lakhs, and a penalty under Section 114A of the Customs Act, 1962 equivalent to the differential duty. The demand stems from alleged misclassification of goods imported by the company. The company received the order on 21st May 2025. DCM Shriram has stated there is no material financial or operational impact beyond the Rs. 51.30 lakh demand, and plans to appeal the order, calling it incorrect.
The financial impact is minor (Rs. 51.31 lakhs) relative to a large company like DCM Shriram, and the company intends to contest the order. Shareholders are unlikely to see a meaningful effect on the stock price from this disclosure.