OCCL Limited has successfully initiated an anti-dumping duty absorption review with the Directorate General of Trade Remedies (DGTR) concerning imports of Insoluble Sulphur from China PR. The company filed the application alleging that existing anti-dumping duties have been rendered ineffective due to absorption practices by Chinese exporters.

Regulatory Disclosure and Case Details

The company disclosed this development to stock exchanges on 24 March 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The DGTR issued an initiation notification dated 20 March 2026 under Case No. AD (AA)-02/2026, which was notified in the e-Gazette on 24 March 2026.

Background of Anti-Dumping Measures

The original anti-dumping investigation concerning Insoluble Sulphur imports from China PR and Japan was initiated on 27 March 2024. Following the investigation, the Authority recommended imposing anti-dumping duties for five years through final findings dated 7 March 2025. The Ministry of Finance subsequently implemented these duties on 6 June 2025, scheduled to remain effective until 6 June 2030.

Product Specifications and Market Position

Insoluble Sulphur is a polymeric sulphur insoluble in carbon disulphide, primarily used as a vulcanization agent in rubber applications to prevent blooming phenomenon. The product serves as a crucial rubber additive agent, improving quality, wearability, and resistance to fatigue and aging. In India, over 90% of total Insoluble Sulphur consumption occurs in the tyre industry, with the remainder used in non-tyre applications.

OCCL Limited claims to be the sole domestic producer of Insoluble Sulphur in India, constituting the entire domestic industry within the regulatory framework. The company has certified that it neither imports the subject goods nor maintains relationships with exporters from China or importers in India.

Absorption Review Grounds and Timeline

The company alleges that export prices of Insoluble Sulphur from China have significantly declined during the current absorption investigation period compared to the original investigation period. Despite increased raw material and utility costs leading to higher production expenses, export prices from China to India have actually decreased, suggesting duty absorption practices.

Key Timeline Events:

• 27 March 2024: Original investigation initiated
• 7 March 2025: Final findings issued
• 6 June 2025: Anti-dumping duties imposed
• December 2025: Absorption review application filed
• 20 March 2026: Review investigation initiated

Investigation Scope and Procedure

The review investigation will examine whether declining export prices from China result from reduced production costs or duty absorption practices. The Authority will compare prices during the absorption period (July 2025 to December 2025) with the original investigation period. The scope remains confined to determining dumping margin and injury margin recalculation.

Interested parties must register on the SETU Portal and submit information within 37 days of the non-confidential application circulation. The Authority may recommend provisional assessment of all imports until review completion and potential modifications to duty quantum or structure based on findings.

Company Impact Assessment

OCCL Limited stated that the notification has no immediate material impact on the company's financial or operational performance. The company will actively participate in review proceedings and take appropriate steps to safeguard its interests, keeping stock exchanges informed of material developments.

OCCL Limited has strengthened its senior management team with the appointment of Mr. Rajneesh Dhiman as Head of Sales and Marketing, effective February 4, 2026. The Board of Directors approved this strategic appointment during their meeting held on the same date, designating him as Senior Management Personnel in compliance with SEBI regulations.

Appointment Details

The company formally communicated this development to both BSE Limited and National Stock Exchange of India Limited, adhering to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment follows all regulatory requirements, with OCCL confirming that Mr. Dhiman is not debarred from holding office by any SEBI order or other authority.

Professional Background

Mr. Rajneesh Dhiman brings over 23 years of extensive experience in the chemicals and materials industry to his new role. His expertise spans specialty, rubber and commodity chemicals, with particular strength in Insoluble Sulphur, Carbon Black and related products. His comprehensive experience encompasses leadership roles across multiple critical business functions.

Key Experience Areas:

• Sales and marketing leadership
• Pricing and margin management
• Market development initiatives
• Customer engagement strategies
• Strategic business planning
• Domestic and international market operations

Career Journey

Mr. Dhiman re-joined OCCL in the first week of January 2026, marking his return to the company after a brief stint elsewhere. His career trajectory demonstrates strong industry expertise and leadership capabilities across multiple organizations.

During his previous tenure with OCCL, Mr. Dhiman served as General Manager – Sales & Marketing, where he successfully headed India sales and marketing operations. His leadership was instrumental in managing a substantial business portfolio exceeding ₹150 crore, demonstrating his capability to drive significant revenue growth.

Industry Experience

Beyond his association with OCCL, Mr. Dhiman has held senior positions with other prominent industry players. His experience includes roles at Continental Carbon India Limited and Arjowiggins India Private Limited, providing him with diverse industry perspectives and comprehensive market understanding.

The appointment reflects OCCL's commitment to strengthening its leadership team with experienced professionals who possess deep industry knowledge and proven track records in driving business growth across domestic and international markets.