DIC India faces legal challenge over August arbitration award

DIC India Limited announced on December 18, 2025, a development regarding a legal challenge from Agam Agochars Private Limited. Agam has filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996, challenging an Interim Award dated August 20, 2025. This follows an earlier disclosure by DIC India on December 11, 2025.

The petition, OMP (COMM) No. 539 of 2025, seeks to set aside the Interim Award and was listed before the Delhi High Court on December 17, 2025. The court has issued notice to DIC India, granting it time to file a reply. The next hearing is scheduled for December 22, 2025.

DIC India noted that the expected financial implications and quantum of claims remain as previously explained in their December 11, 2025, disclosure. The company continues to monitor this legal development closely.