DCM : One Time Settlement

	LIMITED
March 1, 2022
BSE Limited	National Stock Exchange of India Ltd.
Phiroze Jeejeebhoy Towers,	Exchange Plaza, Plot no. C/1,
Dalal Street, Mumbai -400 001	G Block, Bandra - Kurla Complex,
	Bandra (E), Mumbai - 400 051
Scrip Code: 502820	Scrip Code: DCM
ISIN: INE498A01018

Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015, as amended.

Dear Sir,

This is to inform you that due to continued situation of lockout on account of industrial unrest in the Engineering Business Undertaking of the Company namely DCM Engineering Products (a Unit of the Company) (referred as 'Engineering Unit'), there has been certain delay and/or default in payment of dues of term loans and working capital facilities (referred as 'said Credit facilities') availed by said Engineering unit of the Company from its bankers because of financial constraints. These banks have classified the said credit facilities as non-performing assets (NPA) in their books. The said credit facilities were secured by way of pari-passu charge on the fixed assets and current assets pertaining to said Engineering Unit of the Company.

Recently, the SBI has come out with a scheme for one time settlement (OTS) of outstanding dues in NPA accounts referred as SBI OTS SCHEME 2021 OTS.

The Company has submitted an application under the said SBI OTS SCHEME 2021 to SBI for sanction of OTS of outstanding dues of credit facilities availed by Engineering Unit of the Company from SBI.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) 2015, as amended, this is to inform you that the State Bank of India (SBI) vide its letter dated February 24, 2022, received by the Company vide SBI's email dated February 28, 2022 (referred as 'OTS sanction letter'), has sanctioned the Company's application for aforesaid OTS under the said OTS Scheme.

Registered office:

Unit Nos. 2050 to 2052, Plaza - II, 2nd Floor, Central Square, 20, Manohar Lal Khurana Marg,

Bara Hindu Rao, Delhi - 110006. Phone: [phone]

CIN: L74899DL1889PLC000004, Website: www.dcm.in, Email Id: [e-mail]

Necessary information as per SEBI Circular No. CIR/ CFD/ CMD/04/2015 dated September 9, 2015 read with Regulation 30 - Para A of Part A of Schedule III of SEBI LODR is as given below:

1. Purpose of the OTS:

Resolution of NPA Debt and to secure mutual discharge and/or complete release from any obligation or liability of Credit facilities availed by Engineering Unit of the Company from SBI.

2. Brief summary of the Settlement:

As per SBI's claim the total amount outstanding towards various credit facilities granted to the Company as on 31.3.2021 was Rs. 10,34,22,493/- (excluding notional interest from the date of NPA). The Company is required to repay Rs. 9,82,51,369.15/- to SBI as OTS amount as per the terms and conditions contained in the said OTS sanction letter dated February 24, 2022 received by the Company vide SBI's email dated February 28, 2022.

This is for your information and records.

Thanking you,