OCCL Limited — Important, 11-03-2025: Updates

**Company Update Summary:**

The Directorate General of Trade Remedies has recommended the imposition of anti-dumping duties on "Insoluble Sulphur" imported from China and Japan. The anti-dumping investigation revealed a significant increase in imports from these countries, which negatively impacts the domestic industry. The duty rates proposed vary from 259 to 358 USD per metric ton, depending on the country of origin. The domestic industry, represented by Oriental Carbon and Chemicals Ltd., is concerned that these imports could disrupt local pricing and threaten profitability. Despite the potential for higher operational costs due to the duties, domestic producers believe it will restore fair competition in the market. Market participants should closely monitor these developments as they have implications for product prices, competitive positioning, and supply chain dynamics.