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.

DCM Nouvelle Limited has successfully concluded its postal ballot process for the appointment of two Independent Directors, with shareholders demonstrating overwhelming support for both resolutions. The company disclosed the voting results under Regulation 44 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Postal Ballot Process Overview

The postal ballot was conducted through remote e-voting process from January 17, 2026, to February 15, 2026. The process was scrutinized by Mrs. Pragnya Parimita Pradhan, Proprietor of M/s Pragnya Pradhan and Associates, who submitted her report confirming the successful completion of the voting process.

Resolution Results

Both special resolutions for the appointment of Independent Directors received exceptional shareholder support. The voting results demonstrated strong confidence in the proposed appointments across all shareholder categories.

Resolution 1: Appointment of Mr. Deepak Sood

Resolution 2: Appointment of Mr. Rajinder Khanna

The second resolution for appointing Mr. Rajinder Khanna (DIN: 10961416) as an Independent Director received identical voting results, with 10,990,315 votes in favour and 758 votes against, representing 99.99% approval.

Regulatory Compliance

The postal ballot process was conducted in full compliance with the Companies Act, 2013, and SEBI regulations. The company sent the postal ballot notice electronically to all eligible shareholders whose email addresses were registered as of the cut-off date of January 09, 2026. The notice was also published in Financial Express (English) and Jansatta (Hindi) newspapers on January 17, 2026.

Board Strengthening Initiative

The appointment of both Independent Directors represents a significant step in strengthening DCM Nouvelle's board governance structure. With the overwhelming shareholder approval, both resolutions are deemed to have been passed on February 15, 2026, the last day of the voting period. The voting results and scrutinizer's report have been uploaded on the company's website and the e-voting agency's portal for transparency and regulatory compliance.