DIC India Limited — Others, 25-07-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

DIC India Limited announced that the Income Tax Department has filed an appeal with the Kolkata High Court. This appeal challenges a previous ruling by the Income Tax Appellate Tribunal (ITAT) that favored the company. The core dispute involves tax relief granted to DIC India regarding royalty expenses and transfer pricing adjustments. The potential financial impact, if the appeal is successful against the company, is a disputed tax amount of INR 2.96 crores. The company plans to file a suitable reply once the High Court admits the appeal.