Dalmia Bharat Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

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DALBHARAT · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.6%Reaction day

₹2113.30

prior close

₹2100.00

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+1.0%-0.5% vs market

Cement & Cement Products peers, median of 34sector+1.0%-0.5% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Midcap 150 and 0.5 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.0

10m

-0.8

15m

-1.0

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.6+1.0-0.5+1.0-0.5

Next day

+2.3+1.0+1.2+1.4+0.9

+1.0+0.7+0.3+1.2-0.2

-0.6-0.8+0.2+0.1-0.7

-1.3-1.2-0.1-0.6-0.7

-0.9-0.4-0.5-1.0+0.1

-3.3-1.5-1.8-1.0-2.3

15d

+4.0+1.4+2.6+3.5+0.5

+3.1+0.9+2.2+4.9-1.8

+5.6-3.2+8.9+3.6+2.0

+14.1-1.8+15.9+7.0+7.1

UpDownMarket · Nifty Midcap 150Sector · Cement & Cement Products peers, median of 34Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Dalmia Bharat's wholly-owned subsidiary Dalmia Cement (Bharat) Limited was entitled to incentives of Rs. 236.32 Crores (Rs. 217 Cr grant + Rs. 20 Cr VAT certificate) plus 8% interest from the West Bengal government, following favorable orders from the Calcutta High Court in 2023 and 2024. The West Bengal Legislature has now passed the 'Revocation of West Bengal Incentive Schemes Act, 2025' on April 2, 2025, which retrospectively cancels all listed incentive schemes, overriding any court orders. This Revocation Act is likely to adversely affect the company's court-directed incentive claim. Dalmia Bharat is examining legal options and plans to challenge the legal validity and retrospective applicability of the Revocation Act. The company came to know about the notification on June 5, 2025.

Likely market impact

Negative for shareholders - a Rs. 236+ Crore incentive that Dalmia Bharat had won through court orders is now at risk due to retrospective legislation by the West Bengal government. The actual financial hit depends on the success of the company's legal challenge to the Revocation Act; near-term stock sentiment may be weak until clarity emerges.