NSE/BSE Codes: NSE Symbol: DICIND, BSE Scrip Code: 500089

Summary of Key Information:

Nature of Event / Disclosure:

Regulatory disclosure regarding receipt of directions from the Dispute Resolution Panel-2 (DRP) under section 144C(5) of the Income-tax Act, 1961, in connection with transfer pricing proceedings for Assessment Year 2023-24.

Involved Parties / Authorities:

  • Dispute Resolution Panel-2 (DRP), New Delhi
  • Assessing Officer (AO)
  • DIC India Limited

Date / Timeline of Event:

  • Disclosure Date: October 02, 2026
  • DRP Directions Date: September 30, 2026
  • Receipt by KMPs: October 01, 2026 at 12:05 PM
  • Assessment Year: 2023-24 (FY 2022-23)
  • Previous disclosure filed: March 03, 2026 (regarding draft assessment order)

Brief Description of Outcome / Dispute:

The Company received directions from DRP-2, New Delhi, pursuant to objections filed by the Company against a draft assessment order passed by the Assessing Officer under section 144C(1) of the Income-tax Act, 1961. The dispute involves transfer pricing adjustments relating to international transactions undertaken by the Company during FY 2022-23. The draft assessment order proposed an upward transfer pricing adjustment of INR 3,84,17,653 (approximately ₹3.84 crore). The DRP did not accept most of the Company's objections and directed the AO to incorporate its findings in the final order.

Impact of Outcome:

Financial Impact:

No material financial impact as of date. The final assessment order from the Assessing Officer based on the DRP directions is yet to be received. The company states "no financial or other impact as of date" and that expected financial implications cannot be determined until the final order is received.

Operational / Business / Strategic Impact:

No operational, business, or strategic impact disclosed. The matter is specifically related to tax assessment and transfer pricing adjustments.

Other Implications:

No other implications regarding reputational, legal, regulatory, or market perception effects are disclosed in the document.

Next Steps / Required Actions:

The Company will evaluate the final assessment order once received from the Assessing Officer and take appropriate action at that time. No specific timeline for receipt of the final order is provided.