Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations )

Dalmia Bharat's subsidiary Dalmia Cement (Bharat) Limited has won an appeal against a Rs. 11,82,298 penalty imposed by the Assistant Commissioner, Central GST and Central Excise, Gaya, Bihar. The penalty was originally levied on erstwhile Dalmia DSP Limited (since merged with DCBL) for input tax credit claimed for FY 2017-18 under the Reverse Charge Mechanism. The dispute arose due to delayed tax payment linked to a Resolution Plan approved by NCLT on January 31, 2018. The Office of Additional Commissioner of CGST (Appeals), Patna, Bihar, has now waived the entire penalty amount. There will be no financial impact on DCBL.