Dalmia Bharat Limited has informed the Exchange about Action(s) initiated or orders passed
DALBHARAT · price
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Awaiting price reaction for this filing.
The Adjudicating Authority under the Prevention of Money Laundering Act (PMLA) has confirmed the Enforcement Directorate's (ED) Provisional Attachment Order dated March 31, 2025 against Dalmia Cement (Bharat) Limited (DCBL), a wholly-owned subsidiary of Dalmia Bharat. The order attaches land valued at approximately Rs.377.26 Crore, with the attachment amount being Rs.793.34 Crore. The case originates from a 2011 CBI investigation into alleged irregularities in DCBL's investments in Bharathi Cement Corporation Private Limited, which is still sub-judice in the CBI Court, Hyderabad. The company has stated there is no impact on day-to-day operations of DCBL. DCBL is examining the order and plans to pursue legal remedies before an appropriate forum.
Negative near-term development as the attachment order stands confirmed, though the company claims no operational impact and intends to appeal. Investors should monitor the ongoing legal proceedings, as the final outcome could affect the subsidiary's assets and potentially the parent's consolidated position.