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.

DIC India Limited has submitted its quarterly compliance certificate to major stock exchanges for the quarter ended March 31, 2026, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The certificate was filed on April 13, 2026, demonstrating the company's adherence to depositories compliance norms.

Regulatory Filing Details

The compliance certificate was submitted to three major stock exchanges where DIC India's shares are listed. Company Secretary Meghna Saini digitally signed and filed the document on behalf of the company.

Registrar Confirmation Certificate

C.B. Management Services Private Limited, serving as DIC India's Registrar and Share Transfer Agent, issued the confirmation certificate dated April 3, 2026. The registrar confirmed compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

The certificate validates several key operational aspects:

• Securities received from Depository Participants for dematerialization during Q4FY26 were properly confirmed to depositories
• All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialization were confirmed or rejected within prescribed timelines
• Physical certificates were mutilated and cancelled after due verification
• Depositories' names were substituted in the Register of Members as registered owners

Compliance Framework

The quarterly certificate filing represents part of DIC India's ongoing regulatory compliance obligations. The SEBI (Depositories and Participants) Regulations, 2018 mandate that companies ensure proper handling of dematerialization processes and maintain accurate records of share transfers.

Corporate Information

DIC India Limited operates from its corporate office at Fusion Square, Sector-126, Noida, while maintaining its registered office in Kolkata. The company's shares trade on multiple exchanges, reflecting its established market presence in the Indian capital markets.

The filing also involved notification to both major depositories - National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) - ensuring comprehensive compliance across the depositories ecosystem.