Dalmia Bharat Limited has completed the allotment of equity shares under its employee stock option plan, marking another step in its employee benefit initiatives. The cement company allotted 792 equity shares to an option grantee on December 23, 2025, under the DBL Stock Option Plan 2018.

Share Allotment Details

The allotment was executed in compliance with regulatory requirements, specifically under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015, read with the Securities and Exchange Board of India Share Based Employee Benefits and Sweat Equity Regulations 2021.

Impact on Share Capital

The allotment has resulted in a marginal increase in the company's issued and paid-up share capital structure. The change reflects the exercise of stock options by an eligible employee under the established ESOP framework.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited about the share allotment. Dalmia Bharat trades on BSE under scrip code 542216 and on NSE under the symbol DALBHARAT.

The allotment represents the standard execution of employee stock option benefits, allowing eligible employees to convert their vested options into equity shares of the company. This mechanism forms part of the company's employee retention and incentive strategy, providing employees with an opportunity to participate in the company's equity growth.

Dalmia Bharat Limited's wholly-owned subsidiary, Dalmia Cement (Bharat) Limited, has received significant tax relief as the Sales Tax Officer in Tamil Nadu dropped GST demands totaling ₹266.31 crore for the assessment years 2019-20 and 2022-23.

Details of the Tax Relief

The tax relief comes in the form of dropped demands, which were initially proposed due to differences in taxable turnover and input tax credit. The details of the dropped demands are as follows:

Background of the Case

The case stemmed from adjudication proceedings related to differences in taxable turnover and input tax credit for the assessment years 2019-20 and 2022-23.

Outcome and Impact

The adjudication proceedings have concluded favorably for Dalmia Cement (Bharat) Limited. The concerned Sales Tax Officer in Tamil Nadu has dropped the proposed demands of both tax and penalties. As a result, there will be no financial impact on the subsidiary.

Company's Disclosure

Dalmia Bharat Limited, the parent company, disclosed this development in compliance with regulatory requirements. The resolution of this tax dispute without any financial implications removes a significant contingent liability from the company's books.