DIC India has filed an appeal before the Delhi High Court challenging the order dated 07.04.2026 passed by the District Court in the commercial suit for recovery filed against Star Plastics. The company made this disclosure on April 22, 2026, under Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Disclosure

The disclosure was made pursuant to Para B of Part A of Schedule III of Regulation 30 read with SEBI Circulars SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 and SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025. This filing represents a follow-up to the company's earlier disclosure made on 14.04.2026 regarding the original district court order.

Legal Proceedings Update

The appeal represents DIC India's effort to seek judicial review of the district court's order through the higher court. The order dated 07.04.2026 was uploaded on the official website of the District Court on 13.04.2026. This case involves recovery proceedings between DIC India and Star Plastics, with the company now pursuing the matter at the appellate level.

Court Filing Details

The appeal has been officially submitted to the Delhi High Court, marking the next phase in the legal dispute. The disclosure was signed by Meghna Saini, Company Secretary & Compliance Officer (A-42587), and submitted to BSE Limited (Scrip Code: 500089), National Stock Exchange of India Limited (Scrip Code: DICIND), and The Calcutta Stock Exchange Ltd (Scrip Code: 10013217).

Litigation Summary

The filing of the appeal demonstrates DIC India's commitment to pursuing all available legal remedies in the recovery case. The matter will now be subject to the Delhi High Court's review and consideration of the company's grounds for appeal against the original district court order.

DIC India Limited has received a significant court order in its ongoing commercial recovery suit against Star Plastics, requiring the company to pursue mediation before proceeding with litigation. The order, dated April 7, 2026, and uploaded on the official website on April 13, 2026, represents a procedural setback in the company's recovery efforts.

Court Order Details

The District Court in New Delhi has directed DIC India to first initiate pre-litigation mediation under Section 12A of the Commercial Courts Act, 2015. The court's rationale centers on exploring amicable resolution of disputes before entertaining the suit through formal litigation proceedings.

Company's Response Strategy

DIC India has clearly stated its intention to challenge the court's order. This indicates the company believes the mediation requirement may not be appropriate for its specific case circumstances or that it has valid grounds to bypass the pre-litigation mediation process.

The company's decision to challenge suggests confidence in its legal position and determination to pursue the recovery suit through direct litigation rather than mediation channels.

Regulatory Compliance and Background

The disclosure was made under Regulation 30 and Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. DIC India referenced multiple SEBI circulars in its compliance framework:

• SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023
• SEBI Circular SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025

This disclosure follows an earlier filing made on March 24, 2026, when DIC India initially informed exchanges about the commercial suit for recovery filed against Star Plastics.

Financial Implications

Regarding expected financial implications due to compensation or penalties, the company's disclosure states "As explained above," without providing specific monetary details. Similarly, the quantum of claims section references the same explanation without disclosing specific amounts involved in the recovery suit.

The lack of detailed financial disclosure suggests either the amounts may not be material enough to warrant specific disclosure or the company is maintaining confidentiality pending legal proceedings. The mediation requirement may potentially delay any recovery timeline that DIC India had originally anticipated through direct litigation.