DCW Ltd has confirmed that its promoters and persons acting in concert (PAC) did not create any new encumbrances on their shareholdings during the financial year ended March 31, 2026. The disclosure, submitted to the National Stock Exchange of India Ltd and BSE Limited, ensures compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing provides transparency regarding the pledging or hypothecation of shares by the promoter group, a key metric for investor risk assessment.

The total shareholding of the promoter and PAC group stood at 134,113,599 shares as of March 31, 2026. Out of this total, 5,142,168 shares were reported as encumbered. The encumbrance is attributed solely to Meeta Jain, a member of the promoter group, who holds 6,560,469 shares in total. All other promoters and PACs reported zero encumbrances against their respective holdings.

Shareholding Details

The breakdown of holdings reveals a distribution across individual promoters and group entities. The filing lists 30 entities, including individuals, Hindu Undivided Families (HUFs), and private limited companies. The table below details the holdings and encumbrance status for key entities within the promoter group.

The disclosure was signed by Pramod Kumar Jain on behalf of the promoters, members of the promoter group, and PACs. The document was submitted to the exchanges on April 7, 2026, by Dilip Vishnubhai Darji, Sr. General Manager (Legal) & Company Secretary of DCW Ltd. The confirmation of no fresh encumbrances by the majority of the promoter group indicates a stable ownership structure with minimal leverage against shares.

DCW Limited plans to contest a demand of ₹6.32 crore raised by the V.O. Chidambaranar Port Authority for interest and Goods and Services Tax (GST) on lease rent. The company received the communication, dated June 11, 2026, on June 16, 2026. The demand pertains to lease rent for the period from 2014 onwards up to April 30, 2026. DCW contends that the levy of interest is not authorized by a previous order passed by the Hon'ble High Court of Judicature at Madras.

The dispute stems from a Writ Petition (No. 20431 of 2014) filed by DCW challenging the revision in lease rent for periods between 2007 and 2014, and from 2014 onwards. On November 6, 2025, the High Court directed the company to pay ₹49,67,725 plus applicable GST for the 2007–2014 period in 24 equated monthly instalments. The court order stipulated that rent for the period from 2014 onwards would be determined and communicated by the Port Authority. However, the company asserts that the order does not permit the Port Authority to levy or recover interest.

Financial Implications

The Port Authority has demanded interest of ₹5,35,56,890 along with GST of ₹96,40,240, aggregating to ₹6,31,97,130. This amount is in addition to the lease rent of ₹3,64,01,370 (inclusive of GST) determined for the period from 2014 to April 30, 2026. DCW maintains that the demand for interest and GST is wholly unauthorised and untenable.

Legal Response and Disclosure

DCW stated that it will submit an appropriate reply or representation to the Port Authority to contest the demand. The company reserves all its rights and remedies available under the law. The disclosure was submitted to the exchanges under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company attributed a delay in disclosure to the time required for internal review and legal assessment of the demand.