DCW Limited has informed the Exchange about General Updates Intimation - Details of Litigation as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
DCW · price
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DCW Limited received an order on August 23, 2025, from the Appellate Deputy Commissioner, Tirunelveli, in its appeal against an earlier State Tax Officer's order on VAT matters for Assessment Years 2010-11 to 2013-14. The appeal was largely successful — the tax officer had originally raised demands totalling about ₹1.96 crore in tax and ₹2.09 crore in penalty, but after adjudication, most of these demands were dropped. The company now only needs to pay a reduced tax demand of ₹14.65 lakh and penalty of ₹7.32 lakh across the four years. The company has already provided for these accepted amounts in its books and plans to adjust them against the pre-deposit it had already made and seek a refund of the balance. The disclosure was delayed by two days because the order was received on a Saturday and reviewed only on Monday, August 25.
This is a favorable outcome for DCW shareholders — the company avoided over ₹3.8 crore in tax and penalty demands through the appeal, with only a small residual liability of about ₹22 lakh remaining. The net cash impact should be positive as the pre-deposit already made will likely yield a refund.