SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Jul 14, 2017

2. SEC Identification Number

44852

3. BIR Tax Identification No.

000-421-957-000

4. Exact name of issuer as specified in its charter

D&L Industries, Inc.

5. Province, country or other jurisdiction of incorporation

Metro Manila

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

65 Industria St., Bagumbayan, Quezon City Postal Code 1110

8. Issuer's telephone number, including area code

(02) 635-0680

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	7,142,857,990

11. Indicate the item numbers reported herein

-

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

D&L Industries, Inc.DNL

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification of the news article entitled “D&L Industries hikes capex up to P420 M”

Source	The Philippine Star (Internet Edition)
Subject of News Report	D&L Industries hikes capex up to P420M
Date of Publication	Jul 14, 2017

Clarification of News Report
This refers to your communication received today seeking clarification or confirmation of the news article entitled “D&L Industries hikes capex up to P420 M” posted in The Philippine Star (Internet Edition) on July 14, 2017. The article reported in part that: “MANILA, Philippines - D&L Industries Inc., the listed manufacturer of specialty foods ingredients, plastics and oleochemicals, is setting aside P400-million to P420-million for capital expenditures this year. This is 15 to 20 percent higher than the P314 million spent last year, D&L Industries president Alvin Lao said after the company’s annual stockholders meeting yesterday. The capex will be used to fund the company’s growing working capital requirements and expansion of existing plants. ‘We are approaching the point where we need to plan ahead since it will take two to three years to expand and we do not want to be caught unprepared,’ Lao said. . . . .” We wish to clarify that what our President and CEO, Alvin D. Lao, stated is that capital expenditure ("capex") this year would be 15 to 20 percent higher than last year's P314 million. This amounts to about P360 to P380 million, and not P400 to P420 million, for capex this year. We confirm that the rest of the above- quoted news article is accurate.
Other Relevant Information
N/A