DMCC Speciality Chemicals Limited has informed stock exchanges about a commercial litigation filed against the company by Shipping Corporation of India Limited (SCI) in the City Civil Court, Mumbai. The disclosure was made on March 23, 2026, pursuant to Regulation 30 of the SEBI Listing Regulations.

Litigation Details

The commercial suit filed by Shipping Corporation of India Limited relates to cargo handling operations during an international shipment. The dispute centers around charges for cleaning, stowing, restowing, and restuffing activities conducted at various ports during the voyage of a vessel carrying DMCC Speciality Chemicals' cargo from NhavaSheva to Antwerp.

Financial Implications

The company has stated that the expected financial implications cannot be determined at this stage as the matter is in its initial phase before the City Civil Court, Mumbai. The total quantum of claim for the litigation amounts to Rs 2.48 crore plus applicable interest thereon. However, the final impact in monetary terms will be known only when the matter is finally disposed of.

Company's Position

DMCC Speciality Chemicals has indicated that it does not foresee any material impact of this litigation on its business operations. The company has also stated that these litigations will not have a material adverse effect on the company's financial position. The disclosure was signed by Pallavi Pednekar, Company Secretary & Compliance Officer, as part of the mandatory regulatory requirements under SEBI regulations.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information as required under Schedule III of the SEBI Listing Regulations, ensuring transparency with stakeholders regarding the ongoing legal proceedings.

DMCC Speciality Chemicals Limited has successfully concluded its postal ballot voting process, with all five special resolutions receiving overwhelming approval from shareholders. The company announced the voting results on March 16, 2026, following the completion of remote e-voting that took place from February 13, 2026 to March 15, 2026.

Regulatory Filing and Compliance

The company filed its voting results with both stock exchanges, submitting detailed reports to the National Stock Exchange of India Limited and BSE Limited under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The postal ballot process was conducted in accordance with Section 108 and 110 of the Companies Act, 2013, and relevant SEBI regulations.

Resolution-wise Voting Results

All five special resolutions were passed with remarkable consistency in voting patterns across different shareholder categories, with approval rates exceeding 99.99% for all resolutions.

Resolution 1: Director Appointment

The appointment of Ms. Saloni Jhaveri (DIN: 02872575) as Non-Executive Women Independent Director received strong support:

Resolution 2: Managing Director Re-appointment

The re-appointment of Shri Bimal Lalitsingh Goculdas (DIN: 00422783) as Managing Director and Chief Executive Officer for three years from April 01, 2026 to March 31, 2029 was approved:

Resolution 3: Remuneration Revision

The revision in remuneration of Shri Kuldeep Kumar Tiwari (DIN: 10633725) as Whole-Time Director designated as "Executive Director (Operations)" received approval:

Resolutions 4 & 5: Corporate Governance Changes

Both the alteration of Memorandum of Association and adoption of new set of Articles of Association received identical voting results:

Shareholder Category Analysis

The voting pattern demonstrated strong consensus across all shareholder categories. The Promoter and Promoter Group showed 100% support for all resolutions, while Public Non-Institutions category showed approval rates exceeding 98% across all resolutions.

Scrutinizer's Report

Satish Kumar Jain, Proprietor of SKJ & Associates, Company Secretaries, served as the scrutinizer for the postal ballot process. The scrutinizer's report confirmed that all special resolutions were passed with requisite majority. The voting process was facilitated through MUFG Intime India Private Limited as the authorized agency for remote e-voting. The company published mandatory advertisements in The Free Press Journal (English) and Navshakti (Marathi) on February 12, 2026, as required under the Companies (Management and Administration) Rules, 2014.