Dalmia bharat Limited has secured a significant relief for its material subsidiary with the Enforcement Directorate ordering the release of attached land parcels against a bank guarantee. The development marks a positive turn in the ongoing legal proceedings that began in 2025.

Enforcement Directorate Orders Release

The Enforcement Directorate, Hyderabad Zonal Office, issued an order on April 21, 2026, directing the release of entire attached land parcels belonging to Dalmia Cement (Bharat) Limited (DCBL). The release was granted after DCBL submitted an application along with a bank guarantee of Rs.92.52 crores.

Background of Legal Proceedings

The case originated with a Provisional Attachment Order dated March 31, 2025, against DCBL under the Prevention of Money Laundering Act (PMLA). The order was subsequently confirmed by the Adjudicating Authority on September 22, 2025. However, DCBL successfully appealed the decision, leading to a partial relief from the PMLA Tribunal.

The PMLA Tribunal, through its final order dated March 9, 2026, partially allowed DCBL's appeal and significantly reduced the alleged proceeds of crime. The tribunal also ruled that the Enforcement Directorate could decide on the company's application for substitution.

Significant Reduction in Alleged Proceeds

The legal proceedings have resulted in a substantial reduction in the alleged proceeds of crime amount:

Future Legal Strategy

Despite the positive development, DCBL maintains its position and is preparing to challenge the remaining alleged proceeds of crime amount. The company is in the process of filing an appeal against the impugned order with respect to the alleged proceeds of crime of Rs.92.52 crores.

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in continuation of earlier intimations dated April 16, 2025, September 24, 2025, and March 11, 2026. This ensures transparency and keeps stakeholders informed about material developments affecting the subsidiary's operations.

Dalmia Bharat Limited has announced that its Board of Directors will convene on Tuesday, April 28, 2026, to review the company's financial performance for the fourth quarter and full year ended March 31, 2026. Additionally, the company has scheduled an investors/analysts conference call on the same day to discuss the audited financial results. Both announcements were issued on April 16, 2026, in compliance with SEBI regulations.

Board Meeting and Conference Call Schedule

The company has organized comprehensive stakeholder engagement for its Q4FY26 results announcement:

Board Meeting Agenda

The upcoming board meeting will address two primary matters of significant importance to shareholders:

International Participation Details

The conference call includes international dial-in options for global investors:

Trading Window Restrictions

In accordance with the company's code for prevention of insider trading, Dalmia Bharat has implemented trading window restrictions. The trading window for its securities has been closed since March 26, 2026, and will remain closed until 48 hours after the declaration of the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.

Corporate Communication

Both communications were signed by Rajeev Kumar, Company Secretary of Dalmia Bharat Limited, and were digitally authenticated on April 16, 2026. The company maintains its registered office at Dalmiapuram, District Tiruchirapalli, Tamil Nadu, while its corporate office is located in New Delhi. The structured approach reflects the company's commitment to transparency and professional stakeholder communication.