DCW Limited has successfully commissioned the final milestone of its announced Chlorinated Polyvinyl Chloride (CPVC) capacity expansion project, adding 10,000 MT to reach a total installed capacity of 50,000 MT per annum. The company informed stock exchanges through a regulatory filing under Regulation 30 of SEBI Listing Regulations on March 30, 2026.

Capacity Expansion Achievement

The successful commissioning represents the completion of DCW's strategic capacity enhancement initiative. The expansion details are outlined below:

Production Ramp-Up Timeline

DCW Limited has outlined its production strategy for the newly commissioned capacity. The company expects to ramp up the new 10,000 MT capacity gradually throughout Q1 FY27, following a systematic approach to ensure optimal utilization and maintain quality standards.

Regulatory Compliance and Documentation

The announcement was made pursuant to Regulation 30(4) read with Para B of Part-A of Schedule III of the Listing Regulations. This follows previous intimations dated October 17, 2024 and July 22, 2025, demonstrating the company's commitment to transparent communication with stakeholders.

Strategic Impact

The successful commissioning of the expanded CPVC capacity positions DCW Limited to better serve growing market demand in the specialty chemicals sector. With the previous capacity operating at 100% utilization, the additional 10,000 MT provides significant room for growth and enhanced market presence. The project completion as per the communicated schedule timeline demonstrates the company's execution capabilities and operational efficiency in capacity expansion initiatives.

DCW Limited has received an income tax demand order of Rs 4.32 crores from tax authorities for Assessment Year 2024-25, according to a regulatory filing made under SEBI Listing Regulations. The company has indicated its intention to challenge the demand through appropriate legal channels.

Tax Demand Details

The income tax demand order was issued by the Assistant Commissioner of Income Tax, Central Circle-1(4), Mumbai, under Section 143(3) of the Income Tax Act, 1961. The order, dated March 18, 2026, was communicated to the company via email on March 23, 2026.

Company's Position on Demand

DCW Limited has contested the validity of the tax demand, stating that it has been erroneously computed. The company's primary contention is that the Assessing Officer failed to grant credit for advance tax payments totaling Rs 4 crores that were duly paid by the company.

The company has characterized the demand as not tenable in law and plans to file a rectification application under Section 154 of the Income Tax Act, 1961, to address what it considers an erroneous assessment.

Expected Financial Impact

DCW Limited has assessed that no material impact on its financial position or operations is expected on account of this assessment order. The company's confidence in challenging the demand stems from its belief that the tax authorities have made a computational error in not accounting for the advance tax payments already made.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Dilip Darji, Sr. General Manager (Legal) & Company Secretary, ensuring compliance with mandatory disclosure requirements for listed entities regarding material developments.