I don't think the imgmount command supports setting the label, the normal mount command does. Or maybe the support has been added in SVN? Anyway, IIRC someone at vogons.org made a TSR program that enables setting the label for imgmount CDs as well.
You could mount the image in Windows (no need for 3rd party software, Windows Explorer can mount iso-files) and then mount the virtual CD-drive in DOSBox and set the label that way.
Maybe there are other ways too, like actually changing the image label?
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