DCW Limited — Others, 15-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

DCW Limited has provided an update on ongoing litigation related to VAT assessments for the years 2010-2014. The Commercial Tax Officer recently issued an order resulting in a tax demand of approximately ₹18.04 Cr and penalty demand of around ₹26.04 Cr, although significant amounts from earlier demands have also been dropped. The company plans to file a rectification petition due to the absence of a personal hearing during this process.

This update reflects ongoing operational challenges but also indicates potential for a more favorable outcome if the rectification petition is successful. Investors may view this situation with a cautious outlook, considering the legal complexities and financial implications involved.