NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company14 Jul 2026 · 14 Jul 2026, 04:33 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
DIC India Limited · DICIND
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DIC India Limited has received a favorable order from the Additional Commissioner (Appeals) setting aside a demand of ₹ 6,61,766 raised by the Assistant Commissioner (in-situ) under the Uttar Pradesh Goods and Services Tax Act, 2017.
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Full Announcement
DIC India Limited has informed the Exchange about the order passed by Additional Commissioner (Appeals) in favour of hte Company setting aside the demand raised by Assistant Commissioner (in-situ), CGST, Range-23, Division-V, Noida.
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July 14, 2026
The Corporate Relationship Department The Calcutta Stock Exchange Ltd.
BSE Limited, 71 Lyons Range,
P.J. Towers, Dalal Street, Kolkata- 700001
Mumbai- 400001 Scrip Code: 10013217
Scrip Code: 500089
National Stock Exchange of India Limited,
Exchange Plaza, 5th Floor, Plot No. C/1, G Block,
Bandra Kurla Complex,
Bandra (E), Mumbai – 400051
Scrip Code: DICIND
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“Listing Regulations”).
Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 - receipt of order under Uttar Pradesh Goods and Services Tax Act, 2017.
Dear Madam/ Sir,
In furtherance to disclosure made on December 31, 2025, pursuant to Regulation 30(6) read with Para B of Part
A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015, (“Listing Regulations”), please be informed that pursuant to the appeal
preferred by DIC India Limited before the learned Additional Commissioner (Appeals), Noida in connection with
the demand order issued by the Assistant Commissioner (in-situ), CGST, Range-23, Division-V, Noida under
Section 73 of UPGST Act, imposing a total demand of ₹ 6,61,766 comprising of tax amount of ₹ 6,01,606/- and
a penalty of ₹ 60,160/-, the learned Additional Commissioner (Appeals), Noida has passed a final order vide
reference number ZD090726118479T dated 14/07/2026 in favour of the Company wherein the original demand
raised vide order reference number ZD091225542238A dated 30/12/2025 has been set aside.
The details of the above notice as required under SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023
are given in Annexure A to this letter.
Kindly take the same on your record.
For and on behalf of:
DIC India Limited
Meghna Saini
Company Secretary & Compliance Officer
Membership No. A-42587
DIC INDIA LIMITED
Fusion square, 5th Floor, Plot no. 5A & 5B, Sector-126, Noida – 201303
Tel: +91-120-6361414 I Fax: +91-120-6361443
GSTIN: 09AABCC0703C1ZF
CIN No. L24223WB1947PLC015202
Website: www.dic.co.in I Email id: investors@dic.co.in
Registered office: UB 03, Mani Tower, 31/41, Binova Bhave Road,
Behala, Kolkata-700038
ANNEXURE-A
S. NO. Details of Events that need to be provided Information of such events(s)
1 Name of the Authority Additional Commissioner (Appeals)
DIVISION II, BAREILLY:GAUTAM
BUDDHA NAGAR: MEERUT: CBIC
2 Nature and details of the action(s) taken, initiated or Final Order received in Form GST APL
order(s) passed - 04 setting aside the demand of ₹
6,61,766/- comprising of tax amount of
₹ 6,01,606/- and a penalty of ₹ 60,160/
issued by Assistant Commissioner
(in-situ), CGST- Range 23, Division V,
Noida.
3 Date of receipt of direction or order, including any ad-
interim or interim orders, or any other communication Received by KMPs on July 14, 2026 at
from the authority 01:01 P.M.
4 Details of the violation(s)/contravention(s) The allegation of non-payment of GST
committed or alleged to be committed. against recovery of R & D fees from
foreign entities by issuance of Debit
Notes as raised in the Order-in-Original
has been set aside by the Additional
Commissioner (Appeals) in his Final
Order dated 14.07.2026.
5 Impact on financial, operation or other activities of There is no impact on financial,
the listed entity, quantifiable in monetary terms to the operation or other activities of the
extent possible. Company, as the order has been passed
in favour of the Company.
DIC INDIA LIMITED
Fusion square, 5th Floor, Plot no. 5A & 5B, Sector-126, Noida – 201303
Tel: +91-120-6361414 I Fax: +91-120-6361443
GSTIN: 09AABCC0703C1ZF
CIN No. L24223WB1947PLC015202
Website: www.dic.co.in I Email id: investors@dic.co.in
Registered office: UB 03, Mani Tower, 31/41, Binova Bhave Road,
Behala, Kolkata-700038
ANNEXURE A-1
Disclosure by DIC India Limited regarding receipt of communication from regulatory, statutory,
enforcement or judicial authority under the Securities and Exchange Board of India (Listing 0bligations
and Disclosure Requirements) Regulations, 2015
Name of the listed entity DIC India Limited
Type of Communication Received Final order received in form GST APL - 04 passed by the
Additional Commissioner (Appeals),
DIVISION II BAREILLY:GAUTAM BUDDHA,
NAGAR: MEERUT: CBIC
Date of receipt of communication July 14, 2026
Authority from whom communication received Additional Commissioner (Appeals),
DIVISION II BAREILLY:GAUTAM BUDDHA,
NAGAR: MEERUT: CBIC
Brief summary of the material contents of the The Company had received a demand order on 30
communication received, including reasons for December, 2025 involving a total demand of ₹ 6,61,766
receipt of the communication comprising of tax amount of ₹ 6,01,606/- and a penalty of
₹ 60,160/-, which was disclosed on December 31, 2025.
Now, basis the appeal preferred by the Company before the
learned Additional Commissioner (Appeals), the Company
has received a Final Order in form GST APL – 04, wherein
the original demand has been fully set aside.
Period for which communication would be F.Y. 2021-22
applicable, if stated
Expected financial implications on the listed There is no impact on financial, operation or other activities
company, if any of the Company, as the order has been passed in favour of
the Company.
Details of any aberrations/non-compliances The said order has the effect of setting aside the demand
identified by the authority in the communication raised vide the impugned Order-in-Original in connection
with alleged non-payment of GST against recovery of R &
D fees from foreign entities by issuance of Debit Notes.
Details of any penalty or restriction or sanction -
imposed pursuant to the communication
Action(s) taken by listed company with respect to -
the communication
DIC INDIA LIMITED
Fusion square, 5th Floor, Plot no. 5A & 5B, Sector-126, Noida – 201303
Tel: +91-120-6361414 I Fax: +91-120-6361443
GSTIN: 09AABCC0703C1ZF
CIN No. L24223WB1947PLC015202
Website: www.dic.co.in I Email id: investors@dic.co.in
Registered office: UB 03, Mani Tower, 31/41, Binova Bhave Road,
Behala, Kolkata-700038