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

✦ AI Summary▲ PositiveLitigation

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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Governance Concern0/10
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Market Sentiment5/10

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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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DICIND_14072026163318_Disclosure_sd.pdf

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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