Dalmia Bharat Limited has informed the Exchange about General Updates
DALBHARAT · price
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Awaiting price reaction for this filing.
Dalmia Bharat Limited announced that its wholly-owned subsidiary, Dalmia Cement (Bharat) Limited (DCBL), received orders on July 22, 2025, waiving off interest and penalties related to GST demands for Assessment Years 2017-18, 2018-19, and 2019-20. The waiver was granted under Section 128A of the Central GST Act, 2017, by tax authorities in Patna, Bihar. The total interest waived amounts to Rs. 2,70,271 and total penalty waived is Rs. 60,000 across the three years. The original disputes involved alleged excess or ineligible input tax credit claims and disallowance of credit note adjustments. The company has stated there will be no financial impact on DCBL, as the entire demand of interest and penalty has been set aside.
This is a minor, positive regulatory development for the company as it closes out old GST disputes with no financial liability. The amounts involved are negligible relative to the company's size, so there is no material impact on shareholders or the stock price.