DCM Limited Company Secretary Arjit Gupta Resigns Effective December 12, 2025

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.

Parameter:	Details
Name:	Mr. Arjit Gupta
ICSI Membership No.:	A30696
Position:	Company Secretary, Compliance Officer & KMP
Resignation Date:	November 12, 2025
Effective Date:	December 12, 2025 (Closure of Business Hours)
Reason:	To pursue opportunities outside the organization

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.51%	-3.27%	-2.62%	-16.88%	-16.50%	+218.50%

DCM Limited , a diversified company with interests in IT services, real estate, and engineering, has successfully concluded its Punjab VAT dispute settlement. The company received the final settlement order on December 30, 2025, marking the complete resolution of a long-standing litigation matter.

Settlement Completion Details

The company has fully settled its VAT dispute with Punjab authorities under the One Time Settlement Scheme (OTSS) notified by the Punjab Government on September 30, 2025. The final settlement order was received from the company's attorney on December 30, 2025, at 3:27 PM, concluding the matter entirely.

Settlement Parameters	Amount (Rs. Lakhs)
Total Dues (including interest & penalty)	812.00
Settlement Amount Paid	113.89
Previously Deposited	99.00
Additional Payment Made	19.23
Savings from Settlement	698.11

Background of the Dispute

The dispute originated from the disallowance of Entry Tax credit on High Speed Diesel (HSD) by the Assistant Commissioner of Sales Tax, Ropar. The matter involved DCM Limited's engineering division's tax returns for financial years 2010-11 through 2013-14, where the department challenged the input tax credit claims under the Punjab Value Added Tax Act, 2005.

The company had strong legal grounds for its position, arguing that:

Section 13(5)(b) restrictions apply only to VAT on intra-state purchases, not entry tax from other states
Entry tax paid under Section 3A was deemed advance tax under Section 6(7) and 6(8) of PVAT Act
Entry tax and advance tax were never levied simultaneously

Strategic Decision and Board Approval

Despite legal advice indicating strong merit in the case, DCM Limited's Board of Directors approved the settlement on November 12, 2025. The decision was driven by:

Strategic Factors	Benefits
Risk Mitigation	Eliminates extended litigation exposure
Cost Management	Caps liability at 50% of basic tax
Interest Protection	Prevents ongoing penalty accumulation
Resource Focus	Allows concentration on core business

Financial Impact and Implications

The settlement represents a significant financial benefit for DCM Limited. By paying Rs. 113.89 lakhs, the company has resolved total dues of Rs. 812 lakhs, achieving savings of approximately Rs. 698 lakhs. This resolution eliminates contingent liabilities and provides clarity to the company's financial position.

The settlement comes at a strategic time as DCM Limited continues to navigate operational challenges, including ongoing industrial issues at its engineering business and complications with development projects. This resolution removes a major uncertainty from the company's legal and financial landscape.

Regulatory Compliance

The company has fulfilled all disclosure requirements under Regulation 30 of SEBI Listing Regulations, ensuring complete transparency with stakeholders. The settlement was completed within the prescribed timeline of the OTSS scheme, which had a deadline of December 31, 2025.