DCM Limited has announced the resignation of its Company Secretary and Compliance Officer, marking a significant change in the company's key managerial personnel structure.

Key Personnel Change Details

Mr. Arjit Gupta, who served as Company Secretary, Compliance Officer, and Key Managerial Personnel, has tendered his resignation effective December 12, 2025. The resignation was formally submitted through a letter dated November 12, 2025, addressed to Managing Director Mr. Vinay Sharma.

Regulatory Compliance and Disclosure

The company has fulfilled its regulatory obligations by informing both major stock exchanges about this personnel change. DCM Limited communicated the resignation to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure was made pursuant to SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring full transparency regarding changes in key managerial positions.

Resignation Process and Documentation

In his resignation letter, Mr. Gupta formally stepped down from all statutory and designated positions within the company. He specifically requested the company to file necessary forms with the Registrar of Companies, Ministry of Corporate Affairs, and provide intimation to stock exchanges to give effect to his resignation.

The resignation follows a mutually agreed timeline, with December 12, 2025, established as the last working day. This structured approach ensures smooth transition and compliance with all regulatory requirements for key managerial personnel changes.

DCM Limited , a diversified company with interests in IT services, real estate, and engineering, has announced a strategic move to resolve a long-standing VAT litigation with Punjab authorities. The company's Board of Directors has approved settling the dispute under a one-time settlement scheme, demonstrating a proactive approach to managing its legal and financial obligations.

Key Details of the Settlement

The dispute, which involves claims totaling Rs. 811.67 lakh, centers around the disallowance of Entry Tax credit on High Speed Diesel (HSD) by the Assistant Commissioner of Sales Tax, Ropar. Under the settlement scheme recently notified by the Punjab Government, DCM Limited will pay:

The settlement amount represents 50% of the basic tax amount, covering all claims including basic tax, penalties, and interest.

Rationale Behind the Decision

Despite legal advice suggesting that the company had a strong case, DCM Limited's management has chosen to settle. This decision appears to be driven by several factors:

1. Risk Mitigation: The settlement eliminates the potential for extended litigation.
2. Financial Prudence: It caps the company's liability, preventing ongoing interest and penalty accumulations.
3. Resource Allocation: Resolving this issue allows the company to focus on core business activities rather than legal disputes.

Implications for DCM Limited

This settlement may have several implications for DCM Limited:

1. Improved Financial Clarity: By resolving this contingent liability, the company provides clearer financial statements to investors and stakeholders.
2. Cash Flow Management: The relatively small additional payment required (Rs. 19.23 lakh) suggests minimal impact on the company's immediate cash flow.
3. Governance Signal: The decision to settle, despite having a potentially strong legal position, may be viewed as a sign of prudent management focused on business operations rather than prolonged legal battles.

Broader Context

This settlement comes at a time when DCM Limited is navigating several challenges, including:

• Ongoing industrial unrest at its engineering business undertaking, where a lockout has been in effect since October 22, 2019.
• Recent complications with a Joint Development Agreement for its land in Hisar, Haryana, where a development license has been suspended.

In light of these challenges, the VAT dispute settlement may represent a strategic move to reduce uncertainties and focus on core business issues.

Conclusion

DCM Limited's decision to settle its VAT dispute with Punjab authorities reflects a pragmatic approach to resolving legacy issues. While the company may have had legal grounds to contest the claims, the choice to settle suggests a focus on forward-looking business strategies rather than protracted legal battles. As the company continues to navigate various operational and developmental challenges, this resolution may provide some much-needed clarity and stability in its financial outlook.