DIC India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Regulatory & 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

+1.5%Reaction day

₹482.75

prior close

₹494.05

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+1.3% vs market

Chemicals & Petrochemicals peers, median of 189sector · industry level+0.0%+1.5% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 1.5 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

-0.0

10m

-0.4

15m

-0.4

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.5+0.2+1.3+0.0+1.5

Next day

+4.6+1.1+3.5+0.5+4.2

+1.5+1.4+0.1-0.4+1.9

+0.6+0.7-0.1-1.1+1.6

+0.1+0.7-0.7-1.8+1.8

-2.0-1.2-0.8-2.6+0.7

-2.6-3.7+1.1-4.6+1.9

15d

+5.2-9.0+14.2-9.8+15.0

+13.9-6.8+20.8-9.2+23.1

+8.0-7.6+15.7-12.1+20.2

+5.4-12.3+17.8-18.5+24.0

UpDownMarket · Nifty Microcap 250Sector · Chemicals & Petrochemicals peers, median of 189Pending

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

AI summary

DIC India Limited has received a demand order from the Assistant Commissioner of CGST, Noida under Section 73 of the UP GST Act, 2017. The total demand is ₹6,61,766, comprising GST of ₹6,01,606 and a penalty of ₹60,160, for the financial year 2021-22. The demand relates to alleged non-payment of GST on R&D fees recovered from a foreign entity through debit notes. The company is currently reviewing the order to determine its next course of action. The company has stated there is no material impact on its financial or operational activities.

Likely market impact

The demand amount is very small (₹6.6 lakhs) relative to the company's size and is unlikely to have a meaningful impact on shareholders. Investors should watch for any further escalation or admission of the demand, but the disclosure appears to be a routine compliance update.