DIC India Limited announced Pursuant to the provisions of Regulation 30 and 30A of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations read with sub-para 20 of Para A of Part A of Schedule III of the Listing Regulations, listed entity is required to mandatorily disclose material information pertaining to "Action(s) taken or orders passed by any regulatory, statutory, enforcement authority or judicial body against the listed entity or its directors, key managerial personnel, senior management, promoter or subsidiary, in relation to the listed entity. The Company has received the notice from Commissionerate of Taxes, Government of Gujarat, India. Nature and details of the action(s) taken, initiated or order(s) passed: Notice under section 73 of the Gujarat Goods and Service Tax, 2017 and Central Goods and Service Tax Act,2017.

Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: April 22, 2024. Details of the violation(s)/contravention(s) committed or alleged to be committed: Notice has been raised under section 73 of the Gujarat Goods and Service Tax, 2017 and Central Goods and Service Tax Act,2017 for GST not paid/short paid/input tax credit wrongly availed or utilized for an amount of INR 12,292,835 it includes interest and penalty under respective GST Act. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: There is no material impact on financial, operation or other activities of the Company.

The Company would submit the reply to the authority within time.