NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company4 Jul 2026 · 4 Jul 2026, 06:52 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
DCM Shriram Limited · DCMSHRIRAM
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DCM Shriram Limited has informed the Exchange about the update on material tax litigation for AY 2022-23 before ITAT, Delhi, where the ITAT has given relief and directed the Assessing Officer to correct computational errors and delete the demand of Rs. 249.27 crore.
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DCM Shriram Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
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DCMSHRIRAM_04072026185106_DCMMATERIALTAXLITIGATION4JULY2026SIGNED.pdf
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4th July 2026
BSE Limited National Stock Exchange of India Limited
Phiroze JeeJeeBhoy Towers, Exchange Plaza,
Dalal Street,
5th Floor, Plot No. C-1, G Block,
Mumbai - 400 001
Bandra Kurla Complex, Bandra (E)
Mumbai - 400 051
SCRIP CODE: 523367 SCRIP CODE: DCMSHRIRAM
Sub : Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Update on Material Litigation
Dear Sir/Madam,
Pursuant to Regulation 30 read with Para B of Part A of Schedule III of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular
No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026, and referring to
our earlier communication dated 1st November 2025 regarding material tax litigation for
AY 2022-23 before ITAT, Delhi, we bring to your notice the following update, the notice of
which has been received by the Company on 3rd July 2026 around 10.24 pm. The said Order
has been brought to the notice of undersigned today, i.e., 4th July 2026 at around 12.57 pm.
Particulars Details
a) the details of any change in the The Company is in receipt of an order issued by the
status and / or any development in Income-tax Appellate Tribunal (ITAT), New Delhi for
relation to such proceedings; AY 2022-23 (FY 2021-22) dated 3rd July 2026.
The ITAT has given the following relief:
(Rs./Crs.)
Tax effect of
Tax effect
effect the
of the
Order u/s of the matters
additions
appealed Relief referred
made by
against Granted back to
(B) (C = A -
143(3)
r.w.s. 178.24 (172.82) 5.42
144C (13)
In addition, the ITAT has also directed the Assessing
Officer (AO) to correct computational errors such as
granting correct set off of the brought forward MAT
Credit
The AO had previously raised a demand of
Rs. Rs.249.27 Crore vide order u/s 143(3) r.w.s
144C(13) dated 31st October 2025, which was
stayed by the ITAT vide order dated 13th February
2026.
The Company will now file an application before the
AO to pass an order to give effect to the directions of
ITAT and delete the demand of Rs. Rs.249.27 crore.
b) in the case of litigation against key N.A.
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;
c) in the event of settlement of the N.A.
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.
Thanking you,
Yours faithfully,
For DCM Shriram Limited
(Deepak Gupta)
Company Secretary & Compliance Officer