DIC India Limited — Others, 26-08-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

DIC India announced a significant update on an ongoing tax matter. The Principal Commissioner of Income Tax-2, Kolkata, had appealed an earlier ITAT order that favored DIC India regarding royalty expenses and transfer pricing adjustments for the 2014-15 assessment year. The Hon'ble Kolkata High Court recently heard this appeal. In a positive development for the company and its stakeholders, the High Court rejected the Income Tax Department's appeal, effectively upholding the relief previously granted to DIC India. This decision provides clarity and resolves a long-standing tax dispute in the company's favor.