DIC India Limited has informed the Exchange about the receipt of interim order in the favour of DIC India Limited in arbitration matter against Agam Agochar
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DIC India Limited has received an Interim Award dated August 20, 2025 from the Sole Arbitrator in its arbitration case against Agam Agochars Private Limited, which it had filed to recover outstanding dues. The arbitrator awarded DIC India approximately ₹2.09 crore (₹2,08,90,357) as the admitted outstanding amount, along with 18% per annum compounded monthly interest from the original invoice due dates until the Statement of Claim was filed. Additionally, the company will receive 6% per annum simple interest (pendente-lite and future) on the principal sum from the date of filing until actual payment. The arbitrator dismissed DIC India's application to strike out Agam's counter-claim at this stage, leaving those issues open for the final hearing. The matter is next listed for framing of issues on September 4, 2025.
This is a positive development for DIC India shareholders as the company has secured an interim award confirming it is owed roughly ₹2.09 crore plus interest from Agam Agochars. However, the counter-claim issue remains unresolved and the final award is still pending, so actual cash recovery and the net impact on financials will only be clearer after the final adjudication.