DIC India Limited Opens Special Window for Physical Share Transfer Re-lodgement Requests

1 min read     Updated on 12 Apr 2026, 01:51 PM
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AI Summary

DIC India Limited has opened a special window from February 05, 2026 to February 04, 2027 for physical shareholders to re-lodge share transfer requests that were previously returned or rejected. The initiative follows SEBI guidelines and applies to requests originally lodged before April 01, 2019. Shareholders can submit documents to the company's RTA C. B. Management Services Private Limited or contact them via phone or email for assistance.

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DIC India Limited has announced the opening of a special window for physical shareholders to submit re-lodgement requests for share transfers, following regulatory guidelines from the Securities and Exchange Board of India (SEBI). The initiative aims to facilitate shareholders who previously faced issues with their transfer requests.

Special Window Details

The company has established this one-time opportunity in compliance with SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/13750/2026, dated January 30, 2026. The special window provides a structured framework for addressing previously unsuccessful share transfer attempts.

Parameter: Details
Window Period: February 05, 2026 to February 04, 2027
Applicable Cases: Transfer requests lodged prior to April 01, 2019
Processing Format: Dematerialized form only
Eligibility: Returned/unattended/rejected requests due to deficiencies

Submission Process and Contact Information

Eligible shareholders can submit their transfer requests along with requisite documents to the company's Registrar and Share Transfer Agent (RTA). The designated RTA is C. B. Management Services Private Limited, located at Rasoi Court, 5th Floor, 20, Sir R. N. Mukherjee Road, Kolkata-700001.

For queries and assistance, shareholders can reach out through multiple channels:

Unclaimed Dividend Information

The company has also addressed the matter of unclaimed dividends. Shareholders with pending dividend entitlements are requested to submit requisite documents along with a valid request letter to claim their dividends. The details of such unclaimed dividends are available on the company's website.

Shareholders can direct their dividend-related queries to:

Company Leadership

The announcement was signed by Meghna Saini, who serves as Company Secretary & Compliance Officer (Membership No.: A-42587). The document was digitally signed on April 12, 2026, at 13:34:20 +05'30'.

Company Information

DIC India Limited operates from its corporate office at Fusion Square, 5th Floor, Plot no. 5A & 5B, Sector-126, Noida – 201303. The company's registered office is located at UB 03, Mani Tower, 31/41, Binova Bhave Road, Behala, Kolkata-700038. The company maintains its corporate identity with CIN No. L24223WB1947PLC015202 and can be reached through its website www.dic.co.in or email investors@dic.co.in .

Historical Stock Returns for DIC India

1 Day5 Days1 Month6 Months1 Year5 Years
+1.12%+6.91%+0.49%-4.52%-16.26%+31.15%

Will SEBI extend similar special windows to other listed companies facing legacy share transfer issues?

How might the resolution of these pre-2019 transfer requests impact DIC India's shareholder base and trading liquidity?

Could this initiative signal broader regulatory reforms in India's share transfer and dematerialization processes?

DIC India Limited Receives GST Demand Order of ₹17.32 Lakh from Karnataka Tax Authorities

1 min read     Updated on 11 Apr 2026, 01:34 AM
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Reviewed by
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AI Summary

DIC India Limited received a GST demand order of ₹17,32,208/- from Karnataka tax authorities on April 09, 2026, comprising GST (₹8,14,112/-), interest (₹8,36,684/-), and penalty (₹81,412/-) for FY 2017-18. The demand relates to alleged GSTR mismatches, R&D expense recovery issues, and input tax credit denial. The company considers the order arbitrary and is conducting a detailed review to determine next steps.

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DIC India Limited has received a GST demand order totaling ₹17,32,208/- from Karnataka tax authorities, following an unsuccessful appeal against an earlier adjudication order. The company disclosed this development to stock exchanges on April 10, 2026, under regulatory compliance requirements.

GST Demand Order Details

The Joint Commissioner of Commercial Taxes (Appeals)-8, Bangalore issued the demand order dated April 09, 2026, under Section 107(11) of the KGST Act, 2017. The order confirmed and upheld the original adjudication order passed by the Deputy Commissioner of Commercial Taxes for the tax period July 2017 to March 2018.

Component: Amount (₹)
GST: 8,14,112
Interest: 8,36,684
Penalty: 81,412
Total Demand: 17,32,208

Allegations and Violations

The tax authorities have raised demands based on three primary allegations:

  • GSTR Mismatch: Alleged mismatch between GSTR 2A and GSTR 3B amounting to ₹2.72 lakh
  • R&D Expenses: Demand of GST on recovery of R&D expenses from foreign entity worth ₹4.42 lakh
  • Input Tax Credit: Denial of Input Tax Credit alleging blocked credit of ₹1.00 lakh

Company's Response and Next Steps

DIC India Limited has expressed disagreement with the order, stating that it appears arbitrary and that none of the demands are sustainable. The company believes that the contentions made during the appeal process were not duly considered by the Joint Commissioner.

Parameter: Details
Order Reference: ZD2904260555171
Order Date: April 09, 2026
Tax Period: July 2017 to March 2018
Current Status: Under detailed review

The company is currently conducting a comprehensive analysis of the order and will decide on the appropriate next steps after completing this review. DIC India has indicated that there is no impact on its financial, operational, or other activities beyond the demand amount mentioned.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information about the communication received from tax authorities, including the nature of violations alleged and the financial implications of the order.

This development represents an ongoing tax dispute for DIC India Limited, with the company maintaining its position that the demands are not justified and exploring legal remedies to challenge the order.

Historical Stock Returns for DIC India

1 Day5 Days1 Month6 Months1 Year5 Years
+1.12%+6.91%+0.49%-4.52%-16.26%+31.15%

Will DIC India challenge this order in higher courts, and what could be the potential legal costs and timeline for resolution?

How might this GST dispute impact DIC India's credit rating and borrowing costs with financial institutions?

Could this case set a precedent for similar GST demands on other companies with R&D expense recoveries from foreign entities?

More News on DIC India

1 Year Returns:-16.26%