Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015, as amended - Update on pending litigation (Final Settlement Order) is enclosed.
DCM · price
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DCM Limited has concluded a long-pending tax dispute with the Punjab Excise & Taxation Department related to entry tax input tax credit claims on HSD for FY2010-11 to FY2013-14. The company opted for the Punjab Government's One Time Settlement Scheme (OTSS) notified on September 30, 2025, paying Rs. 113.89 lakhs (50% of the basic tax demand) to fully settle total dues of approximately Rs. 812 lakhs including interest and penalty. The company had already deposited Rs. 99 lakhs earlier during the appeal, with an additional ~Rs. 19.23 lakhs paid under the OTSS. The final settlement order was received on December 30, 2025, fully waiving penalty and interest, and closing the matter before the Punjab VAT Tribunal, Chandigarh.
Positive for shareholders — the settlement removes a long-pending contingent liability and future interest exposure at roughly half the disputed basic tax amount, bringing closure to the litigation without an admission of liability.