DCM Shriram Secures Major Tax Relief of Rs 9.79 Crore in ITAT Ruling; Partial Matter Sent for Review

DCM Shriram Limited has disclosed that it received an order passed by the Income-tax Appellate Tribunal (ITAT), New Delhi, for the Assessment Year 2021-22. The order was received by the company on March 18, 2026, at around 6:15 PM. According to the order, the total tax dispute was on Rs 12.20 crore, on which the tribunal has granted the company relief of Rs 9.79 crore, and the amount of Rs 2.41 crore was still under dispute; hence, the tribunal sent it back to the Assessing Officer (AO) for fresh adjudication.

The present disclosure is in continuation of two earlier communications issued by the company on October 26, 2024, and August 12, 2025, concerning material legal action pertaining to the Assessment Year 2021-22. The matter was raised before the ITAT Delhi.

The company has clarified that the current action does not have any material impact on its financial activities. The company also referenced an earlier issue where the tax authorities had made additions of Rs 238.02 crore under Section 143(1) of the Income Tax Act, with a tax impact of Rs 83.17 crore. The company challenged the same before the ITAT, and the matter was already resolved through a tribunal’s order dated July 30, 2025, where the case was remanded to the Assessing Officer for fresh consideration as per the law. The company had received the order on August 11, 2025.

The company has made the aforementioned disclosure under a regulatory filing dated March 19, 2026, addressed to the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), issued under Regulation 30 read with Para B of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.