NSEUpdates18 Jun 2026 · 18 Jun 2026, 05:30 pm

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DCW Limited · DCW

✦ AI SummaryLitigation

DCW Limited has received a demand from the Estate Management Division of V. O. Chidambaranar Port Authority for interest and GST on lease rent, which the company plans to contest.

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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern2/10
Regulatory Risk6/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment4/10

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Full Announcement

DCW Limited has informed the Exchange regarding 'Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015'.

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DCW_18062026173008_Intimation_.pdf

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LIMITED June 18, 2026 National Stock Exchange of India Ltd. BSE Limited Exchange Plaza Bldg. Deparhnent of Corporate Services, 5th Floor, Plot No.C-1 1st floor, New Trading Ring 'G' Block, Near Wockhardt, Rotunda Building, Bandra Kurla Complex Phiroze Jeejeebhoy Towers, Mumbai 400 051 Dalal Sh·eet, 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 ("Listing Regulations") Pursuant to Regulation 30 read with Para B of Part A of Schedule III of the Listing Regulations, we wish to inform you that the Estate Management Division of V. 0. Chidambaranar Port Authority (Minish-y of Ports, Shipping & Waterways, Govt. of India), Tuticorin Dish·ict has issued a letter (No. E(C) 86/1/2014 - EST /D.2061) dated June 11, 2026, which was received by the Company on June 16, 2026. The letter pertains to the lease rent along with Interest and GST thereon upto April 30, 2026, to be paid by the Company, as detailed in Annexure I. The Company proposes to contest the aforesaid demand towards interest and GST thereon by submitting an appropriate reply /representation to the Port Authority. Based on the Company's assessment, the Order dated November 6, 2025 passed by the Hon'ble High Court of Judicature at Madras does not contain any direction, liberty, or reservation, anywhere in the order permitting the Port Authority to levy or recover interest from the Company. Accordingly, the Company is of the view that the demand for interest and GST thereon is not in accordance with the said Order and is liable to be challenged. Accordingly, please find enclosed herewith disclosure as required under Regulation 30 Para B of Part A of Schedule III of the Listing Regulations read with SEBI Master Circular HO/ 49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 as" Annexure I". The said information is also being made available on the website of the Company at wvvw.dcwltd.com. DCW LIMITED HEAD OFFICE . "NIRMAL'' 3RD FLOOR, NARIMAN POINT, MUMBAl-400 021 TEL .. 4957 3000, 4957 3001 REGISTERED OFFICE : DHRANGADHRA-363 310, SURENDRA NAGAR DISTRICT, GUJARAT Email: ho@dcwltd.com, Website: www.dcwltd.com, Cl N-L241"1 0GJ 1939P LC0007 48 LIMITED Kindly take the above information on your record Thanking You, Yours faithfully, For DCW Limited c, '{:J_~{r Q r,,. ---l) (( ))' Dilip Darji - * Sr. General Manager (Legal) & Company Secretary Membership No. ACS-22527 Encl.: A/a OCW LIMITED HEAD OFFICE. "NIRMAL'' 3RD FLOOR, NARIMAN POINT, MUMBAl-400 021 TEL.. 4957 3000, 4957 3001 REGISTERED OFFICE: DHRANGADHRA -363 310, SURENDRA NAGAR DISTRICT, GUJARAT Email: ho@dcwltd.com, Website: www.dcwltd.com, CIN-L24110GJ1939PLC000748 LIMITED Annexure I Disclosures under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular HO/49/14/14(7)2025-CFDPOD2/l/3762/2026 dated January 30, 2026 Name(s) of the opposing party 1. Union of India, New Delhi 2. Tariff Authority for Major Ports (TAMP) With Director, Adjudicatory Board For Major Ports, Ministry Of Ports, Shipping And Waterways, Government Of India, Mumbai 3. Estate Management Division of V. 0. Chidambaranar Port Authority (Ministry of Ports, Shipping & Waterways, Govt. of India), Tuticorin District Court/Tribunal/ Agency where litigation is The Con1.pany had filed a Writ Petition before filed the Hon'ble Madras High Court challenging the revision in lease rent payable by the Company for the periods from 2007 to 2014 and from 2014 onwards. Pursuant thereto, the Hon'ble High Court passed an Order dated November 6, 2025. Subsequently, the Company received a letter bearing Ref. No. E(C) 86/1/2014-EST/D.2061 dated June 11, 2026, from the Estate Management Division of V. 0. Chidambaranar Port Authority, Tuticorin Dish·ict, which was received by the Company on June 16, 2026. Brief details of dispute/litigation Writ Petition No. 20431 of 2014 was filed by DCW Limited before the Hon'ble Madras High Court challenging the revision in lease rent payable by the Company for the periods from 2007 to 2014 and from 2014 onwards. Pursuant thereto, the Hon'ble H,iir-I:i~ ourt, DCW LIMITED HEAD OFFICE. "NIRMAL'' 3RD FLOOR, NARIMAN POINT, MUMBAl-400 021 TEL. . 4957 3000, 4957 3001 REGISTERED OFFICE: DHRANGADHRA • 363 310, SURENDRA NAGAR DISTRICT, GUJARAT Email: ho@dcwltd.com, Website: www.dcwltd.com, CI N-L24110GJ 1939PLC0007 48 LIMITED vide its Order dated November 6, 2025, directed the Company to pay lease rent for the period from 2007 to 2014 amounting to ~49,67,725/-plus applicable GST in 24 equated monthly instalments. The Order further provided that the lease rent payable for the period from 2014 onwards would be determined by the Port Authority and communicated to the Company. However, the said Order does not contain any direction, liberty, or reservation permitting the Port Authority to levy or recover interest in respect of the aforesaid period. Subsequently, the Company received a communication bearing Ref. No. E(C) 86/1/2014-EST/D.2061 dated June 11, 2026, from the Estate Management Division of V. 0. Chidambaranar Port Authority, Tuticorin Dish'ict, which was received by the Company on June 16, 2026. Through the said communication, the Port Authority has demanded interest of <5,35,56,890/- together with GST thereon amounting to <96,40,240/-, aggregating to ~6,31,97,130 /-, over and above the lease rent of ~:3,64,01,370/- (inclusive of GST) determined for the period from 2014 onwards up to April 30, 2026. The aforesaid demand towards interest and GST thereon is, in the Company's view, wholly unauthorised, untenable and directly conh·ary to the express terms of the order passed by the Hon'ble Madras High Court dated November 6, 2025. DCW LIMITED HEAD OFFICE: "NIRMAL"' 3RD FLOOR, NARIMAN POINT, MUMBAl-400 021 TEL.. 4957 3000, 4957 3001 REGISTERED OFFICE : DHRANGADHRA-363 310, SURENDRA NAGAR DISTRICT, GUJARAT Email: ho@dcwltd.com, Website: www.dcwltd.com, CIN-L24110GJ1939PLC000748 LIMITED Stage of Proceedings The Hon'ble High Court had already passed an Order dated November 6, 2025 in Writ Petition No. 20431 of 2014. Subsequently, the Company has received a letter bearing Ref. No. E(C) 86/1/2014- EST /D.2061 dated June 11, 2026, from the Estate Management Division of V. 0. Chidambaranar Port Authority, Tuticorin District, which was received by the Company on June 16, 2026. Quantum of claims / Expected financial As per the Company's assessment, the implications, if any aforesaid demand towards interest and GST thereon is without authority of law, unsustainable and conh·ary to the express terms of the Order dated November 6, 2025 passed by the Hon'ble Madras High Court. Accordingly, the Company intends to contest the said demand and shall submit an appropriate response/ representation to the concerned Authority, reserving all its rights and remedies available in law. Reason for Delay in Disclosure The delay in disclosure was attributable to the time required by the Company for detailed internal review and legal assessment to ascertain the correch1ess and implications of the demand and to ensure an accurate and informed disclosure. ~--f r ,,. ' 0 ( I' \ y I ( ) I) \ ., ) ' '- ,I ... -... _-....-,--./ DCW LIMITED HEAD OFFICE. "NIRMAL'' 3RD FLOOR, NARIMAN POINT, MUMBAl-400 021 TEL 4957 3000, 4957 3001 REGISTERED OFFICE: DHRANGADHRA-363 310, SURENDRA NAGAR DISTRICT, GUJARAT Email: ho@dcwltd.com, Website: www.dcwltd.com, CIN-L24110GJ1939PLC000748