With reference to the Corporate Announcement submitted by the Company dated January 23, 2024 under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, DIC India has informed that Government of West Bengal, Directorate of Commercial Taxes has issued the show cause notice in which they have reduced the amount of demand that has been raised by them in the previous demand notice. The department, on the basis of documents presented before them, reduced the demand from Rs 2,00,29,232.19/- to Rs 69,67,253/-. The Company will take appropriate steps to address the reduced demand in due course. As per the requirement of Regulation 30 of the Listing Regulations, read with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, it has informed about the details of final order received by the Company as per Annexure-A.
The above information is a part of company’s filings submitted to BSE.
