Dalmia Bharat Limited has informed the Exchange about General Updates
DALBHARAT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.5 pts more than Nifty Midcap 150 and 3.8 pts more than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Dalmia Bharat's wholly owned subsidiary DCBL received a favorable order from the PMLA Appellate Tribunal (New Delhi) passed on March 9, 2026. The Tribunal partially allowed DCBL's appeal against the Enforcement Directorate's Provisional Attachment Order from March 31, 2025, which had attached certain land parcels of DCBL. The alleged Proceeds of Crime has been substantially reduced from Rs. 793.34 Cr to Rs. 92.52 Cr — a cut of roughly Rs. 700 Cr. DCBL will apply to ED for release of attached land parcels (or substitution with other security), while also planning further legal action to challenge the remaining Rs. 92.52 Cr figure as it disagrees with the findings.
Positive for shareholders — the massive reduction in alleged proceeds of crime sharply lowers the financial exposure of the subsidiary and should lead to release of a significant portion of attached land parcels, though the matter is not fully closed as DCBL will continue legal proceedings.