DCM Shriram Limited — Others, 23-01-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

DCM Shriram has provided an update regarding ongoing tax litigation for assessment year 2014-15, related to transfer pricing adjustments. The Hon’ble High Court of Delhi dismissed an appeal from the Principal Commissioner of Income Tax concerning a tax effect of Rs. 44.95 crore, thereby affirming the favorable ruling from the Income Tax Appellate Tribunal. This outcome not only reinstates the company’s previous victory but also enhances its financial position by eliminating a significant tax liability. Investors may view this dismissal as a positive outlook, suggesting reduced legal risks and bolstering confidence in the company's financial stability.