Dalmia Bharat Limited has informed the Exchange about Rumour Verification - Regulation 30(11)
DALBHARAT · price
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Awaiting price reaction for this filing.
Dalmia Bharat has issued a clarification in response to a Zee Business news item from July 4, 2025 titled 'Dalmia Bharat Hit by CCI shocker! Trouble for Cement Giants.' The underlying matter relates to tenders floated by ONGC in 2013, 2015, 2017 and 2018 for the supply of Oil Well Cement, in connection with which the Competition Commission of India (CCI) had in 2020 asked the Office of the Director General (DG) to investigate. Dalmia Cement (Bharat) Limited (DCBL), a material subsidiary, has now received the DG's investigation report and has been given eight weeks to review it and file its response. The company has stressed that CCI has not yet heard DCBL or passed any order, and that any media reports suggesting a penalty is imminent are factually incorrect and misleading. DCBL has stated it is cooperating fully with the authorities.
The company is pushing back firmly against negative media coverage, which may help limit knee-jerk selling pressure on the stock. However, the CCI investigation into its material subsidiary remains an open risk that investors should monitor, as any adverse order in the future could affect the subsidiary's reputation and financial position.