Dalmia Bharat Sugar and Industries Limited has filed an e-appeal against an Income Tax assessment order for Assessment Year 2023-24, challenging disallowances and additions amounting to Rs. 42.54 Crore. The company disclosed this development to stock exchanges under Regulation 30 of SEBI Listing Regulations on April 23, 2026.

Assessment Order Details

The company received the assessment order on March 26, 2026, issued under Section 143(3) read with Sections 144C(3) and 144B of the Income Tax Act, 1961. After examining the order and consulting with tax and legal experts, Dalmia Bharat Sugar filed the e-appeal on April 22, 2026, before the National Faceless Appeal Centre, Commissioner of Income Tax.

Disputed Amount Breakdown

The appeal challenges specific disallowances and additions made by the Income Tax Department:

Appeal Process and Expectations

The e-appeal has been filed with the Commissioner of Income Tax (Appeals) against the National Faceless Assessment Center, Income Tax Department. The company has expressed confidence in receiving relief from the appellate authority, indicating strong grounds for challenging the assessment order.

Regulatory Compliance

Dalmia Bharat Sugar has fulfilled its disclosure obligations under Regulation 30 read with Schedule III of SEBI Listing Regulations. The company has committed to updating stock exchanges regarding any material developments in the appeal proceedings as they unfold.

The disclosure was signed by Rachna Goria, Company Secretary and Compliance Officer (FCS 6741), ensuring proper corporate governance protocols were followed in communicating this significant tax matter to stakeholders.

Dalmia Bharat Sugar & Industries Limited has announced the opening of a special window for transfer and dematerialization of physical securities, following the Securities and Exchange Board of India's latest circular. The company published a newspaper advertisement in Financial Express on March 13, 2026, to inform shareholders about this facility.

SEBI Special Window Guidelines

SEBI had initially opened a special window from July 07, 2025 to January 06, 2026 for re-lodgement of transfer deeds that were lodged prior to April 01, 2019 and were rejected, returned, or not attended to due to deficiencies. To further facilitate investors, SEBI has now opened another special window through its circular dated January 30, 2026.

Transfer Process and Requirements

The special window covers transfer and dematerialization of physical securities that were sold or purchased prior to April 01, 2019, including those which were previously rejected, returned, or not attended to. Securities transferred under this window will be mandatorily credited to the transferee only in demat mode.

Transferred securities will remain under lock-in for one year from the date of registration of transfer. During this lock-in period, such securities cannot be transferred, lien-marked, or pledged.

Documentation and Contact Details

Transferees must submit complete documents as per the SEBI circular requirements to the company's registrar. The detailed documentation requirements are available on the company's website at www.dalmiasugar.com .

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (LODR) Regulations, 2015. The advertisement was published in accordance with SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. The company has also placed the same information on its official website for easy access by shareholders and investors.