DIC India Ltd — Interim / Quarterly Report 2026

May 13, 2026

CIC

13.05.2026

The Corporate Relationship Department
BSE Limited,
P.J. Towers, Dalal Street,
Mumbai- 400001
Scrip Code: 500089

The Calcutta Stock Exchange Ltd.
71 Lyons Range,
Kolkata- 700001
Scrip Code: 10013217

National Stock Exchange of India Limited,
Exchange Plaza, 5th Floor, Plot No. C/1, G Block,
Bandra Kurla Complex,
Bandra (E), Mumbai – 400051
Scrip Code: DICIND

Subject: Outcome of Board Meeting held on May 13, 2026.

Ref: Regulation 30 & 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Madam/ Sir,

Pursuant to Regulation 30 & 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, this is to inform you that the Board of Directors of DIC India Limited in its meeting held on Wednesday, May 13, 2026 had inter alia, considered and approved the Un-audited financial results for the quarter ended March 31, 2026.

The copy of the said results along with the Limited Review Report having unmodified opinion issued by the Statutory Auditors of the Company i.e. M/s. Price Waterhouse Chartered Accountants LLP are enclosed herewith as Annexure-I.

The meeting commenced at 02:00 P.M. and concluded at 05:15 P.M.

Further the prior intimation for the said meeting as required under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 was given to the stock exchange vide the intimation letter dated May 06, 2026.

This is for your kind information and records.

For and on behalf of:
DIC India Limited

Meghna Saini
Digitally signed
by Meghna Saini
Date: 2026.05.13
17:12:06 +05'30'

Meghna Saini
Company Secretary & Compliance Officer
Membership No. A-42587

Encls: As above

DIC INDIA LIMITED
Fusion square, 5th Floor, Plot no. 5A & 5B, Sector-126, Noida – 201303
Tel: +91-120-6361414 | Fax: +91-120-6361443
GSTIN: 09AABCC0703C1ZF
CIN No. L24223WB1947PLC015202
Website: www.dic.co.in | Email id: investors@dic.co.in
Registered office: UB 03, Mani Tower, 31/41, Binova Bhave Road,
Behala, Kolkata-700038

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Price Waterhouse Chartered Accountants LLP

Review Report

To

The Board of Directors

DIC India Limited

Fusion Square, Plot No. 5,

A & B, 5th Floor, Sector – 126,

Noida – 201301,

Uttar Pradesh, India

1. We have reviewed the unaudited financial results of DIC India Limited (the “Company”) for the quarter ended March 31, 2026, which are included in the accompanying Statement of unaudited financial results for the quarter ended March 31, 2026 (the “Statement”). The Statement has been prepared by the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations, 2015”), which has been initialled by us for identification purposes. The Statement is the responsibility of the Company’s management and has been approved by the Board of Directors. Our responsibility is to issue a report on the Statement based on our review.

2. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement.

3. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance with the applicable Accounting Standards prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Price Waterhouse Chartered Accountants LLP

Firm Registration Number: 012754N/N500016

Rajib Chatterjee

Partner

Membership Number: 057134

UDIN: 26057134PBWAFT9488

Place: Noida

Date: May 13, 2026

Price Waterhouse Chartered Accountants LLP, Building No. 8, 8th Floor, Tower - B, DLF Cyber City, Gurugram - 122 002

T: +91 (124) 4620000, F: +91 (124) 4620620

Registered office and Head office: 11-A, Vishnu Digember Marg, Sucheta Bhawan, Gate No 2, New Delhi - 110002

Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN AAC-5001) with effect from July 25, 2014. Post its conversion to Price Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/N500016 (ICAI registration number before conversion was 012754N)

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DIC INDIA LIMITED

STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED MARCH 31, 2026

(Rs. in DAYS except per share data)

	Particulars	Quarter ended March 31, 2026	Preceding quarter ended December 31, 2025	Corresponding quarter ended March 31, 2025	Year ended December 31, 2025
		(Unaudited)	(Unaudited) Refer Note 4	(Unaudited)	(Audited)
1	Income
	(a) Revenue from operations
	i) Revenue from sale of goods	23,976.17	23,108.35	20,925.54	88,837.22
	ii) Other operating income	76.08	64.72	95.27	341.63
	Total revenue from operations (i + ii)	24,052.25	23,193.07	21,020.81	89,178.85
	(b) Other income	200.04	213.51	143.07	807.53
	Total income	24,252.29	23,408.58	21,163.66	89,785.38
2	Expenses
	(a) Cost of materials consumed	16,477.27	13,916.93	14,444.72	59,453.24
	(b) Purchase of stock-in-trade	2,054.75	1,495.91	2,088.52	8,827.46
	(c) Changes in inventories of finished goods, stock-in-trade and work-in-progress	(511.88)	1,640.89	(999.97)	(595.98)
	(d) Employee benefits expense	1,980.10	1,841.15	1,841.13	7,510.25
	(e) Finance costs	34.19	46.82	33.06	141.71
	(f) Depreciation and amortisation expense	454.30	493.12	430.98	1,836.61
(g) Other expenses	3,205.06	3,115.36	2,987.29	12,011.88
	Total expenses	33,673.81	22,550.18	20,811.73	87,185.27
3	Profit before exceptional item and tax (1-2)	678.48	658.40	352.15	2,551.11
4	Exceptional item: Expense related to new labour codes (refer Note 5)	-	(236.45)	-	(236.45)
	Total exceptional expense	-	(236.45)	-	(236.45)
5	Profit before tax (3+4)	678.48	619.95	352.15	2,364.66
6	Income tax expense
	(a) Current tax expense	108.13	102.36	77.12	564.86
	(b) Deferred tax charge	49.70	81.95	18.27	62.14
	Total tax expense	154.83	154.31	93.39	627.08
7	Profit for the period / year (5-6)	423.85	455.64	258.76	1,737.66
8	Other comprehensive income
	(i) Items that will not be reclassified to profit or loss - Re-measurement good(loss) of post employment benefit obligations	(10.31)	20.09	(20.44)	(41.24)
	(ii) Income tax on above	2.60	(5.06)	5.15	10.36
	Total other comprehensive income	(7.71)	15.03	(15.29)	(30.81)
9	Total comprehensive income for the period / year (7+8)	415.94	470.67	243.47	1,709.85
10	Paid-up equity share capital (Face value of Rs. 10 each)	917.90	917.90	917.90	917.90
11	Other equity				41,946.90
12	Earnings per equity share of Rs. 10 each Basic and Diluted (not annualised except for yearly figures) (In Rs.)	4.62	4.96	2.82	18.93

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SINDH

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DIC INDIA LIMITED

Notes:

1. The above Statement of Unaudited Financial Results for the quarter ended March 31, 2025 ('financial results') have been duly reviewed by the Audit Committee and taken on record by the Board of Directors at its meeting held on May 13, 2026. These unaudited financial results have been subjected to limited review by the statutory auditors of the Company who have expressed an unmodified conclusion on these results.

2. These financial results have been prepared in conformity with the Indian Accounting Standards (Vol AS) prescribed under Section 133 of the Companies Act, 2013 read together with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and in terms of Regulation 33 of the SEBI (Liturg Obligations and Disclosure Requirements) Regulations, 2015, as amended.

3. The Company's operations are predominantly manufacture of 'Printing Inks' and according to the management, this is the single segment as envisaged in "Ind AS-108-Operating Segments".

4. The figures for the quarter ended December 31, 2025 represent the difference between the audited figures in respect of the full financial year ended December 31, 2025 and the unaudited published figures of nine months ended September 30, 2025.

5. On November 21, 2025, the Government of India notified the four labour codes - the Code on Wages, 2019; the Industrial Relations Code, 2020; the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour codes (collectively referred to as 'the Labour Codes'). The Ministry of Labour and Employment published the Central Rules and frequently asked questions (FAQs) to enable the assessment of the financial impact due to changes in regulations. The Company assessed the impact of changes in regulations and recognised an incremental provision towards past service cost on gratuity payable to employees amounting to Rs. 236.45 lakh during the quarter ended December 31, 2025, consistent with the guidance provided by the Institute of Chartered Accountants of India. Considering the impact arising out of an enactment of the new legislation, the Company had disclosed this as an 'exceptional item' in the statement of profit and loss during the quarter ended December 31, 2025. The Company will continue to track and evaluate the impact of the rules notified by the Central/State Governments past March 31, 2026 and consider the appropriate accounting effect in the relevant periods, as needed.

By Order of the Board

Registered Office
UB 03, Mani Tower
31/41 Binava Bhave Road
Behala
Kolkata- 700038
CIN L24223WB1947PLC015202

Manish Bhatia
Managing Director and Chief Executive Officer
Place, Noida
Date May 13, 2026