DIC India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
DICIND · price
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DIC India Limited has received a draft order from the Income Tax Department making an upward adjustment in income of Rs. 3.84 crore (Rs. 3,84,17,653) for FY 2022-23 (AY 2023-24), primarily on account of transfer pricing adjustments. The order was received on March 2, 2026, and the company has stated it is evaluating the order and intends to file an appeal before the appropriate authority within the stipulated time. Separately, penalty proceedings under Section 270A of the Income-tax Act have also been initiated for alleged under-reporting of income related to the same addition. The company has confirmed there is no other operational or financial impact beyond what is mentioned in the disclosure.
If the upward adjustment is upheld after appeal, DIC India could face an additional tax liability of around Rs. 3.84 crore plus potential penalty under Section 270A, which may weigh on near-term earnings. However, since the order is in draft stage and the company is contesting it, the final financial impact remains uncertain and could be mitigated if the appeal succeeds.