DIC India Limited — Others, 04-02-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

DIC India Limited has announced a board meeting regarding arbitration proceedings against Agam Agochars Private Limited, seeking to recover outstanding dues by filing a petition in the Delhi High Court. The court has approved the appointment of an arbitrator, with DIC India planning to submit a claim of approximately ₹2.85 crore plus interest and other costs. Conversely, Agam Agochars may claim around ₹5.60 crore from DIC India, indicating a potential financial risk. This development could affect investor sentiment due to the uncertainty surrounding the outcome of the arbitration and its implications for DIC India's financial health.