BSECompany Update12h ago · 11 Nov 2026, 06:02 pm

Intimation under Reg 30 of SEBI (LODR) Regulation, 2015

DCW Ltd · 500117

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DCW Ltd has intimated under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the status and development in relation to the Writ Appeal WA(MD) 1436/2025 filed by the Government of Tamil Nadu challenging the Madras High Court Madurai Bench Order dated February 26, 2024. The Madras High Court Madurai Bench has dismissed the Writ Appeal and held that the Company must pay the market value for the lands as determined by the Government.

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DCW Ltd - 500117 - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

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Better Chemistry. Better Tomorrow. November 11, 2026 National Stock Exchange of India Ltd. BSE Limited Exchange Plaza Bldg. Department of Corporate Services, 5th Floor, Plot No.C-1 1st floor, New Trading Ring 'G' Block, Near Wockhardt, Rotunda Building, Sandra Kurla Complex Phiroze Jeejeebhoy Towers, Mumbai 400 051 Dalal Street, Mumbai -400 001 Symbol: DCW Scrip Code: 500117 Sub: Intimation - Details of Litigation as required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") Dear Sir(s)/Madam, This is in continuation of our earlier letters dated August 14, 2023, February 27, 2024 and June 19, 2025, informing the pending litigations of the Company pursuant to Regulation 30 read with Para B of Part A of Schedule Ill of the Listing Regulations. This update is being provided with respect to the Writ Appeal WA(MD) 1436/2025 filed by the Government of Tamil Nadu challenging the Madras High Court Madurai Bench Order dated February 26, 2024 passed in W.P(MD) No.11192 of 2017. Accordingly, please find enclosed herewith update on the earlier disclosures as required under Regulation 30 Para B of Part A of Schedule Ill of the Listing Regulations read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, as "Annexure I". The said information is also being made available on the website of the Company at www.dcwltd.com. Kindly take the above information on your record Thanking You, Yours faithfully, For DCW Limited Dilip Darji Sr. General Manager (Legal) 8- Company Secretary Membership No. ACS-22527 Encl: A/a REGISTERED DCW LIMITED MUMBAI DCW LIMITED OFFICE Dhrangadhra 363310, Nirmal, 3rd Floor, Surendranagar District, Gujarat. Nariman Point, Mumbai 400021 ho@dcwltd.com +91 (22) 49573000/49573001 www.dcwltd.com ho@dcwltd.com CIN -L2411OGJ1939PLC000748 Better Chemistry. Better Tomorrow. Annexure I Details required under Regulation 30 read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated January 30, 2026 The details of any change in the status and/ Consequent upon the order dated or any development in relation to such February 26, 2024, the Company had filed proceedings; a fresh request with the Government, specifying the survey numbers of the lands sought to be allotted to the Company, and is awaiting a hearing in the matter. Subsequently, the Government had filed Writ Appeal WA(MD) 1436/2025 in the Madras High Court Madurai Bench seeking stay and challenging the High Court Order dated February 26, 2024. The Madras High Court (Madurai Bench) Division Bench by its Order dated June 13, 2025, directed as follows : (i) the Respondent (the Company) shall not be evicted till the disposal of the Writ Appeal; (ii) there shall be an interim stay. The Madras High Court Madurai Bench by its order dated November 03, 2026, which was uploaded on the Court's website on November 10, 2026 (the original signed physical copy of the order is awaited), has inter alia held as follows: (i) if the lands are resumed, certainly, it will have an adverse impact on the Company. The Company has thus shown that they would suffer detriment if the Government were to go back on their promise which in this case was precise and unambiguous. (ii) It is the Government that has to be blamed for having been inactive. The Government cannot thus take advantage of their own wrong. (iii) The Single Judge has in clear terms held that the Company must pay the market value for the lands as determined by the Government. The Company has to be put on notice and associated in the process of valuation. (i ., L. '/'""\ ,- " V " / \· ' I.. '-....... ___ _ ) I REGISTERED DCW LIMITED MUMBAI DCW LIMITED OFFICE Dhrangadhra 363310, Nirmal, 3rd Floor, Surendranagar District, Gujarat. Nariman Point, Mumbai 400021 ho@dcwltd.com +91 (22) 49573000/49573001 www.dcwltd.com ho@dcwltd.com CIN -L2411OGJ1939PLC000748 Better Chemistry. Better Tomorrow. All the ingredients of the principle of proprietary estoppel stand fulfilled in this case. There is unequivocal promise on the part of the Government to assign/sell the lands. (v) Applying the test of unconscionability, the Bench came to the conclusion that permitting resumption of the leased lands will lead to an unjust result. (vi) The Bench endorsed the reasons assigned by the learned Judge. (vii) The Additional Advocate General (AAG) submitted that the Company is in possession of very large tracts of land in the vicinity and that the resumption will not impair their functioning. This ground was not set out in the impugned government Order (G.O.) (viii) A public order must speak for itself and that reasons cannot be supplemented during arguments. (ix) Viewed from any angle, the Bench found no merit in the Writ Appeal and accordingly dismissed the same. In the case of litigation against key Not Applicable management personnel or its promoter or ultimate person in control, regularly provide details of any change in the status and/ or any development in relation to such proceedings; In the event of settlement of the Not Applicable proceedings, details of such settlement including - terms of the settlement, compensation/penalty paid (if any) and impact of such settlement on the financial position of the listed entity. Reason for Delay in Disclosure The said order was intimated by the Plant to the Head Office on Tuesday, November 10, 2026. The delay in dissemination of the information was on account of November 10, 2026, being a Diwali holiday at the Company's Head Office, and the time required thereafter for reviewing the order and assessing and discussing its implications and impact on the Company. REGISTERED DCWLIMITED MUMBAI DCW LIMITED OFFICE Dhrangadhra 363310, Nirmal, 3rd Floor, Surendranagar District, Gujarat. Nariman Point, Mumbai 400021 ho@dcwltd.com +91 {22}49573000/49573001 www.dcwltd.com ho@dcwltd.com CIN -L2411 0GJ1939PLC000748