DIC India Faces High Court Appeal by Income Tax Department Over INR 2.96 Crore Tax Dispute
The Income Tax Department has filed an appeal against DIC India Limited in the Kolkata High Court, challenging a previous favorable ruling by the Income Tax Appellate Tribunal. The dispute involves royalty expenses and transfer pricing adjustments for the 2014-15 assessment year, with a contested tax amount of INR 2.96 crores. DIC India plans to file a reply once the High Court admits the appeal. The company has notified stock exchanges of this development in compliance with SEBI regulations.
08May 25
DIC India Reports Mixed Q4 Results: Profit Dips, Revenue Rises
DIC India, a leading printing ink manufacturer, released its Q4 financial results. Revenue increased by 5.53% year-over-year to ₹210.00 crore. However, net profit declined significantly, falling 38.10% year-over-year to ₹26.00 crore and 63.89% quarter-over-quarter from ₹72.00 crore. The company's performance indicates growth in sales but challenges in maintaining profitability.
06Mar 25
DIC India Faces Legal Metrology Inspection, Cleared of Violations
DIC India Limited underwent a search operation by the Legal Metrology Office on March 5, 2025. One product was initially seized for alleged violations. However, within 24 hours, on March 6, 2025, the company received clearance, with the inspector's report confirming compliance with the Legal Metrology Packaged Commodities Rule, 2011. DIC India promptly disclosed this information, stating no violations were committed and no financial settlement was required.