DCM Nouvelle Limited has announced the re-appointment of two Non-Executive Independent Directors following a board meeting held on March 31, 2026. The decisions were made based on recommendations from the Nomination and Remuneration Committee and are subject to shareholder approval.

Board Meeting Outcomes

The board meeting, which commenced at 03:00 P.M. and concluded at 03:25 P.M., approved two key re-appointments under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:

The company has communicated these developments to both BSE Limited (Scrip Code: 542729) and The National Stock Exchange of India Ltd. (Symbol: DCMNVL) as per regulatory requirements.

Director Profiles and Experience

Mr. Vivek Chhachhi brings extensive investment advisory experience to the board. He previously served as a Director at CVCI, where he accumulated around 15 years of investing experience. During his tenure, he worked on identifying, managing, and exiting investments across diverse industries including IT, Pharmaceuticals and Specialty Chemicals, IT-enabled services, financial services, automobiles, metals and mining, infrastructure, oil and gas services, media, and textiles. Prior to CVCI, he gained two years of experience as an equity research analyst with Citicorp Securities & Investments Limited. He holds a Master's Degree in Management Studies from the Jamnalal Bajaj Institute of Management Studies, University of Mumbai, and a B.Sc. degree in Computer Science from St. Stephen's College, University of Delhi.

Mr. Kulbir Singh contributes a combination of leadership and advisory experience with special expertise in business strategy, financial management, and compliance. His extensive travel experience both within and outside India provides practical, on-the-ground insights. He currently serves as President of The Wine Society, Delhi, and maintains memberships at Delhi Gymkhana Club, India International Centre, and Defence Colony Club. His educational background includes completion of schooling at The Doon School, Dehradun, followed by an Honours degree in Economics from St. Joseph's College, North Point, Darjeeling. He began his professional career by joining Grindlays Bank in early 1967.

Regulatory Compliance and Documentation

The company has confirmed compliance with regulatory requirements, stating that both Mr. Vivek Chhachhi and Mr. Kulbir Singh have not been debarred from holding directorial positions by SEBI or any other authority. This confirmation aligns with SEBI Letter dated June 14, 2018 and BSE Circular LIST/COMP/14/2018-19 dated June 20, 2018.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with detailed information provided in compliance with SEBI Circular No. HO/49/14/14(7) 2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Both directors are confirmed to have no relationships with other directors of the company.

Company Secretary and Compliance Officer Shekher Kapoor (Membership No. A 69198) signed the official communication to stock exchanges, with comprehensive annexure details provided as required under regulatory frameworks.

DCM Nouvelle Limited has received an assessment order from the Income Tax Department for Assessment Year 2024-25, as disclosed in a regulatory filing dated March 25, 2026. The communication was received on March 24, 2026, from the Assessment Unit of the Income Tax Department under the Computer-Assisted Scrutiny Selection (CASS) process.

Assessment Details and Disallowances

The assessment proceedings resulted in several significant disallowances by the tax authorities. The company faced challenges regarding the adequacy of documentary evidence supporting various claims made in its tax filing.

Additionally, the claim of short-term capital loss on sale of flats was not allowed to be carried forward by the assessment authority.

Regulatory Compliance Issues

The Income Tax Department identified several areas where the company's documentation was deemed insufficient:

• Inadequate support for deduction claimed under section 80JJAA
• Insufficient evidence for certain purchases from non-filers of Income Tax Returns
• Inadequate payment proof for deduction claimed under section 43B

These findings led to the disallowances mentioned in the assessment order.

Financial Impact Assessment

Despite the substantial disallowances totaling over ₹3.07 crore, DCM Nouvelle Limited expects no immediate financial implications from this assessment order. The company stated that no tax demand has been raised pursuant to the notice under section 156, as the order results in a reduction of carried-forward losses rather than creating a tax liability.

Company's Response Strategy

DCM Nouvelle Limited has outlined its plan to contest the assessment order through proper legal channels. The company intends to file an appeal before the Appellate Authority against the assessment order within the time limits prescribed under the Income Tax Act. This appeal will also include contesting any penalty proceedings that may arise from the assessment.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders regarding regulatory communications that could potentially impact the company's operations.