DCW Limited to contest ₹6.3 Crore demand for interest and GST from Port Authority
DCW Limited will contest a demand of ₹6.32 crore for interest and GST from V. O. Chidambaranar Port Authority. The company believes the demand is contrary to a November 6, 2025, High Court order. DCW will submit a formal representation to the Port Authority.
The demand of ₹6.32 crore is substantial and could impact the company's financials if not successfully contested. The ongoing litigation introduces uncertainty.
The company is facing a significant financial demand from a port authority that it plans to contest, indicating a potential dispute and negative financial implication.
DCW Limited has received a letter dated June 11, 2026, from the Estate Management Division of V. O. Chidambaranar Port Authority, Tuticorin District, demanding lease rent along with interest and GST thereon up to April 30, 2026. The total demand amounts to ₹6,31,97,130 (approximately ₹6.32 crore), comprising ₹5,35,56,890 in interest and ₹96,40,240 in GST, in addition to the lease rent determined for the period from 2014 onwards up to April 30, 2026, which is ₹3,64,01,370 (inclusive of GST).
The company intends to contest this demand, asserting that it is not in accordance with the order passed by the Hon'ble High Court of Judicature at Madras on November 6, 2025. The company's assessment is that the High Court's order did not permit the Port Authority to levy or recover interest from DCW Limited. Consequently, DCW Limited will submit an appropriate reply and representation to the Port Authority, reserving all its legal rights and remedies.
The delay in disclosure was due to the time required for a detailed internal review and legal assessment to ascertain the correctness and implications of the demand.
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DCW Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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