NSEUpdates18 Jun 2026 · 18 Jun 2026, 05:30 pm
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DCW Limited · DCW
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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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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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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.
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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