DCM to settle Punjab tax dispute under state OTSS scheme

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Price reactionminutes from the announcement price · days from the prior close

+0.4%Reaction day

₹90.40

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+0.5% vs market

IT Enabled Services peers, median of 70sector-1.0%+1.5% vs sector

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AI summary

DCM Limited will settle a long-pending Punjab VAT tax dispute under the state government's One Time Settlement Scheme (OTSS). The dispute relates to Entry Tax credit on HSD for DCM's Engineering Division. Total demand with interest was about Rs. 811.67 lacs. Settlement of Rs. 113.89 lacs covers basic tax, penalty, and interest together. Company already deposited Rs. 99 lacs; only about Rs. 19.23 lacs more to pay. Board approved on Nov 12, 2025 to avoid extended litigation, despite believing it had a strong case.

Likely market impact

Small extra cash outflow of about Rs. 19.23 lacs removes uncertainty and any further interest or penalty liability on this long-pending case.