DIC India: Agam files Section 34 challenge in Delhi HC to set aside interim arbitration award

Arbitration WonRegulatory & Legal View source PDF Explain this filing

DICIND · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+3.1%Reaction day

₹489.90

prior close

₹490.10

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+2.7% vs market

Chemicals & Petrochemicals peers, median of 191sector · industry level+0.0%+3.1% vs sector

On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 3.1 pts more than its Chemicals & Petrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.6

10m

+0.6

15m

+0.6

30m

+0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.1+0.4+2.7+0.0+3.1

Next day

-0.6+0.7-1.3+0.6-1.1

+1.8+1.2+0.6+0.9+0.9

+0.1+0.6-0.5+0.6-0.5

+2.7-0.3+3.0-0.2+2.9

-1.8-0.7-1.2-0.5-1.3

+0.4+2.0-1.5+1.2-0.8

15d

+3.1+2.7+0.4+1.4+1.7

-4.1-2.3-1.8-3.1-1.0

+8.5+0.6+7.9-3.2+11.7

+6.6-8.3+14.9-13.0+19.6

UpDownMarket · Nifty Microcap 250Sector · Chemicals & Petrochemicals peers, median of 191Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Agam Agochars has filed a Section 34 petition in Delhi High Court to set aside the interim arbitration award of Aug 20, 2025 in DIC India's favor. The award includes about Rs. 2.09 crore principal plus Rs. 1.27 crore interest at 18 percent per annum plus 6 percent till actual payment. DIC had filed an execution petition on Nov 29 to enforce the award.

Likely market impact

Agam seeks to overturn award in company's favor; recovery of about Rs. 2 crore plus interest now uncertain until court ruling.