NSEGeneral Updates3d ago · 2 Sept 2026, 08:07 pm
General Updates
DCW Limited · DCW
✦ AI Summary▲ PositiveRegulatory
DCW Limited has received a favorable tax order from the Commissioner of Income Tax (Appeals) resulting in a reduction of Rs. 16.94 crores in the MAT credit and a corresponding reduction in tax liability and contingent liability of Rs. 11.99 crores.
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Growth Catalyst1/10
Governance Concern1/10
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Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment6/10
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DCW Limited has informed the Exchange about General Updates
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DCW_02092026200712_SEIntimationITOrdersUpdate02092026.pdf
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LIMITED
September 02, 2026
National Stock Exchange of India Ltd. BSE Limited
Exchange Plaza Bldg. Deparhnent of Corporate Services,
5u, Floor, Plot No.C-1 1st floor, New Trading Ring
'G' Block, Near Wockhardt, Rotw1da Building,
Bandra Kurla Complex Phiroze Jeejeebhoy Towers,
Mumbai 400 051 Dalal Sheet, Mumbai-400 001
Symbol: DCW Scrip Code: 500117
Dear Sir(s)/Madam,
Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015 and in continuation to our letters dated
March 24, 2025 and March 26, 2025, we are submitting herewith the disclosure on impact
pertaining to Income Tax Orders received by the Company.
The details required under Regulation 30 of the Listing Regulations read with SEBI Master
Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed
as Annexure-1.
You are requested to take the above information on record.
Yours faithfully,
For DCW Limited
Dilip Darji
Sr. General Manager (Legal) &
Membership No. ACS-22527
DCW LIMITED
HEAD OFFICE :
"NIRMAL" 3RD FLOOR, NARIMAN POINT. MUMBAl-400 021
TEL.: 4957 3000, 4957 3001
REGISTERED OFFICE: DHRANGADHHA -363 310, SURENDRA NAGAR DISTRICT, GUJARAT
Email: ho@dcwltd.com. Website wwwdcwltrl com, CIN-L24110GJ1939PLC000748
LIMITED
Annexure-1
Details required under Regulation 30 of the Listing Regulations read with SEBI Master
Circular HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated January 30, 2026
Name of the Authority Commissioner of Income Tax (Appeals) - 47,
Mumbai
Nature and details of the action(s) taken, Order passed u/ s. 250 of the Income Tax Act,
initiated or order(s) passed 1961 for 10 years i.e. A.Y. 2015-16 to A.Y. 2024-
Date of receipt of direction or order, Order from Commissioner of Income Tax
including any ad-interim or interim (Appeals) was received by the Company on
orders, or any other communication from September 01, 2026
the Authority
Details of the violation(s)/ The Income Tax Authority, vide the said order,
conh·avention(s) committed or alleged to has deleted various additions made by the
be committed Assessing Officer, resulting in a reduction in
the MAT credit by Rs. 16.94 crores.
As per the earlier order passed by the Assessing
Officer, the reduction in MAT credit was Rs.
28.9 3 crores.
The favourable effect of the deletions made
pursuant to the order of CIT(A)-47 has resulted
in a reduction in the tax liability by Rs. 11.99
crores.
The above relief has had a commensurate
effect, resulting in a reduction in the contingent
liability of the Company by Rs. 11.99 crores.
Impact on financial, operation or other The Company, in consultation with its tax
activities of the listed entity, quantifiable expert, is of the opinion that the balance
in monetary terms to the extent possible additions made by the Assessing officer
sustained by the CIT(A) -47 are also not tenable
in law. The Company will pursue appeals
against the balance additions sustained in the
order(s) under the applicable laws.
DCW LIMITED
HEAD OFFICE :
"NIRMAL" 3RD FLOOR. NARIMAN POINT. MUMBAl-400 021
TEL. 4957 3000, 4957 3001
REGISTERED OFFICE. DHRANGADHr~A -363 310, SURENDRA NAGAR DISTRICT, GUJARP.r
Email ho@dcwltd.com. Website: www.dcwltrl.com, C IN-L2411 0GJ 1939PLC000748