DCW Limited has announced a comprehensive schedule for its third quarter financial disclosure, with a Board of Directors meeting on February 10, 2026, followed by an earnings conference call on February 11, 2026. The board meeting notification was issued on February 3, 2026, while the earnings call invitation was communicated on February 4, 2026.

Board Meeting and Earnings Call Schedule

The company has outlined a structured approach to its quarterly financial disclosure process:

Board Meeting Agenda

The board meeting will address key matters of significance to shareholders:

Management Participation in Earnings Call

The earnings conference call will feature senior management representation to discuss the quarterly performance:

Trading Window and Regulatory Compliance

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, DCW Limited has implemented a trading window closure continuing from December 29, 2025. The window will remain closed until 48 hours after the public declaration of financial results.

Both communications have been issued pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and formally communicated to National Stock Exchange of India Ltd. and BSE Limited. The notifications were signed by Dilip Darji, Senior General Manager (Legal) & Company Secretary, ensuring proper corporate governance compliance.

DCW Limited has successfully obtained approval from the National Company Law Tribunal (NCLT) Ahmedabad for its amalgamation scheme involving two transferor companies. The tribunal sanctioned the scheme on January 22, 2026, marking a significant step in the company's corporate restructuring initiative.

NCLT Approval Details

The NCLT Ahmedabad Bench, comprising Hon'ble Member (Judicial) Mr. Shammi Khan and Hon'ble Member (Technical) Mr. Sanjeev Sharma, approved the amalgamation scheme with the appointed date of July 1, 2024. The scheme involves the merger of Dhrangadhara Trading Company Private Limited (Transferor Company 1) and Sahu Brothers Private Limited (Transferor Company 2) with and into DCW Limited (Transferee Company).

Company Financial Overview

The financial profiles of the companies involved in the amalgamation demonstrate the scale and nature of the transaction:

Share Capital Structure

The amalgamation will result in specific changes to the share capital structure of the involved entities:

Share Exchange Mechanism

Under the approved scheme, equity shareholders of the transferor companies will receive newly issued shares in DCW Limited. The consideration structure includes:

• Dhrangadhara Trading shareholders: 12,80,500 fully paid equity shares of ₹2.00 each in DCW Limited
• Sahu Brothers shareholders: 5,24,59,860 fully paid equity shares of ₹2.00 each in DCW Limited

The shares will be issued in proportion to existing holdings in the respective transferor companies.

Strategic Rationale

The amalgamation scheme serves multiple strategic objectives for the promoter group. The primary rationale includes streamlining the holding structure in DCW Limited, enabling direct shareholding by promoters, and reducing shareholding tiers. The scheme reinforces the promoter group's direct commitment and engagement with DCW Limited while maintaining unchanged shareholding percentages pre and post-amalgamation.

Regulatory Compliance and Approvals

The NCLT approval came after comprehensive regulatory scrutiny and stakeholder consultations. The tribunal received representations from various statutory authorities including the Regional Director, Registrar of Companies, Official Liquidator, and Income Tax Department. All regulatory authorities provided their observations and requirements, which the petitioner companies addressed through appropriate undertakings.

The scheme received unanimous approval from equity shareholders of all petitioner companies and secured/unsecured creditors of DCW Limited during meetings held on November 15, 2025. Stock exchanges BSE Limited and National Stock Exchange of India Limited issued no-objection letters dated August 13, 2025, and August 14, 2025, respectively.

Implementation Timeline

Following the NCLT approval, DCW Limited must complete several post-approval formalities within specified timeframes. The company is required to file certified copies of the order with the Registrar of Companies within 30 days and lodge the order with stamp duty authorities for adjudication within 30 days. The transferor companies will be dissolved without winding up procedures upon completion of all regulatory requirements.