DCM Shriram Limited has secured a significant relief from the Income-tax Appellate Tribunal (ITAT), New Delhi, regarding a material tax litigation for Assessment Year (AY) 2022-23. The order, dated July 3, 2026, substantially reduces the tax effect of additions made by the Assessing Officer (AO) and directs the deletion of the earlier tax demand of Rs. 249.27 crore. This development alleviates a major financial liability that had arisen from the AO's order dated October 31, 2025.

The ITAT's intervention addresses the tax demand raised under sections 143(3) read with 144C(13) of the Income-tax Act. The tribunal granted relief on the majority of the disputed tax additions, referring only a marginal portion back to the AO for reconsideration. The following table details the financial impact of the tribunal's order:

In addition to the relief on specific additions, the ITAT directed the AO to correct computational errors, specifically regarding the grant of correct set-off of brought forward MAT Credit. The original demand of Rs. 249.27 crore, which was stayed by the ITAT on February 13, 2026, will now be deleted following the tribunal's directions.

DCM Shriram stated that it will file an application before the AO to pass an order giving effect to the ITAT's directions. This step is necessary to formally remove the demand and adjust the tax records accordingly. The company received the notice of the order on July 3, 2026, and brought it to the attention of the designated undersigned on July 4, 2026.

The disclosure was made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resolution of this litigation marks a positive outcome for the company, removing a substantial contingent liability from its books for the financial year 2021-22.

DCM Shriram Consolidated has fixed Friday, 31 July 2026, as the record date to determine shareholders eligible for the final dividend for the financial year 2025-26. This payout is contingent upon approval by shareholders during the upcoming 37th Annual General Meeting. The company communicated this decision in a filing submitted to the stock exchanges on 3 July 2026.

The Board of Directors had previously announced the date for the Annual General Meeting. The meeting is scheduled to be held on Tuesday, 18 August 2026. The record date ensures that only members listed on the registers of the company as of the cut-off date will qualify for the dividend distribution, should it be declared at the AGM.

The notification was addressed to the Department of Corporate Communications and the Head of Listing Department at BSE Limited and National Stock Exchange of India Limited. The filing was made in compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The following table outlines the key details regarding the corporate action:

Copies of the intimation have been forwarded to KFin Technologies Limited, National Securities Depository Limited, and Central Depository Services (India) Limited for necessary action.