Dalmia Bharat Limited has informed the Exchange about General Updates
DALBHARAT · price
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Awaiting price reaction for this filing.
Dalmia Bharat's wholly owned subsidiary, Dalmia Cement (Bharat) Limited (DCBL), received a GST order from the Superintendent of CGST & CX, Bokaro, Jharkhand, disallowing Input Tax Credit (ITC) for FY 2018-19 to 2022-23. The order demands Rs. 11,15,812 in tax along with interest, plus a penalty of Rs. 14,06,739 — totalling roughly Rs. 25.22 lakhs. DCBL plans to file an appeal before the Appellate Authority, stating it has strong grounds to contest the order. The company has clarified that this does not have a major financial impact on DCBL. The order was received on December 31, 2025.
The financial impact is negligible (under Rs. 30 lakhs) for a company of Dalmia Bharat's size, and the order is being appealed. Shareholders are unlikely to see any meaningful effect on the stock price, though the matter will be watched if the appeal fails.