DCM Shriram Limited — Others, 26-10-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

DCM Shriram Limited has received a partial Assessment Order for the fiscal year 2021-22, determining assessed income of Rs. 319.37 Crore, significantly higher than the declared income of Rs. 45.98 Crore due to transfer pricing adjustments. Although this has tax implications of Rs. 83.17 Crore, no additional tax is payable at present. The company plans to appeal to the Income Tax Appellate Tribunal. More details are available on the company’s website.