DCM Limited has informed the Exchange regarding Notice of Postal Ballot
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DCM Limited has issued a Postal Ballot Notice seeking shareholder approval to extend the repayment period of book debts of about Rs. 12.02 crores owed to its joint venture Purearth Infrastructure Limited by an additional 36 months, taking the total repayment tenure from 66 months to 102 months (about 8.5 years) from the original 2021 agreements. With accrued and future interest, the total outstanding comes to roughly Rs. 21 crores, which is about 30% of DCM's annual consolidated turnover, making it a material related party transaction. The extension is needed because DCM's Hisar land development project has stalled after a license suspension order in April 2023, and the developer GCD Prime has failed to get approvals, leading DCM to issue default and forfeiture notices. E-voting runs from February 25, 2026 to March 26, 2026, and results will be declared by March 27, 2026. Related parties, including promoters who collectively hold 48.79% in DCM, will not be allowed to vote on this resolution.
Shareholders are being asked to approve a longer repayment window for a related party debt tied to a delayed real estate project. If approved, DCM gets more time to arrange funds from its stuck Hisar land project without breaching terms with Purearth; if rejected, the company may face tighter repayment pressure and the related party dispute could escalate, with potential implications for cash flow and promoter-related governance concerns.