DCM Limited Terminates Joint Development Agreement with GCD Prime for Hisar Land Project

* DCM Limited's Board of Directors, in a meeting held on November 1, 2025, approved the termination of its Joint Development Agreement (JDA) with M/s GCD Prime. * The JDA, originally signed on August 12, 2022, was for the development of approximately 68.35 acres of the Company's land in Village Bir Hisar, Sector-23, Hisar, Haryana, under the Deen Dayal Jan Awas Yojana-2016 (DDJAY-2016) policy. * The decision to terminate stems from an inordinate delay of over two years and continuing breaches of obligations by the Developer to secure the revocation of a suspension order for the project's license. * Previously, the project received license No. 179 of 20223 on November 7, 2022, and was registered with HRERA, Panchkula, on March 15, 2023. * However, the license was suspended on April 18, 2023, and HRERA, Panchkula, subsequently issued a Public Notice keeping the project's registration in abeyance and directing the promoter not to carry out any development or create third-party rights. * HRERA also directed HDFC Bank Limited to freeze the escrow account of DCM Limited associated with the project. * Upon termination, the amount paid by M/s GCD Prime to DCM Limited under the JDA will be forfeited after 15 days from the date of receipt of the notice, and all rights of the Developer under the JDA will be revoked. * DCM Limited reserves all rights and remedies, including claiming damages for losses incurred due to the Developer's breaches. * Under the JDA, DCM Limited was entitled to receive 55% of the net sale revenue from the project, with the Developer bearing all costs of approval, construction, development, marketing, and maintenance.