MMDR Amendment exempts Dalmia Bharat from mineral taxes and cess

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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

-1.6%Reaction day

₹1853.00

prior close

₹1854.80

announcement price

After-mkt

timing

Nifty Midcap 150market+0.4%-2.0% vs market

Cement & Cement Products peers, median of 37sector+0.2%-1.8% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Midcap 150 and 1.8 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

-2.1

15m

-1.8

30m

-1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.6+0.4-2.0+0.2-1.8

Next day

+1.5+0.5+1.0+1.4+0.1

+1.3+0.4+0.9+0.7+0.6

-0.6+0.4-0.9-0.1-0.5

+2.0+0.5+1.5-1.0+3.0

-2.9-0.7-2.2-1.4-1.6

-4.0-0.9-3.1-1.2-2.7

15d

-8.7-4.5-4.2-6.2-2.5

-8.1-4.2-3.9-4.4-3.6

-12.3-11.1-1.2-11.5-0.8

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UpDownMarket · Nifty Midcap 150Sector · Cement & Cement Products peers, median of 37Pending

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

AI summary

The Central Government amended the MMDR Act 1957 via Amendment Act 2026, restricting states from imposing taxes, cess and levies on mineral rights. Dalmia Bharat was paying Mineral Bearing Land Tax in Tamil Nadu (Rs.160 per ton), Assam (Rs.10 per ton) and Mineral Cess in Meghalaya (Rs.60 per ton) on limestone. It paid Rs.127 Cr in FY26 and Rs.38 Cr so far in FY27. From August 22, 2026, the company and subsidiaries are no longer required to pay these. Past amounts paid will not be refunded.

Likely market impact

Positive: Dalmia Bharat saves on mineral taxes and cess going forward, boosting margins. Already paid amounts will not be refunded.