Dalmia Bharat Limited has informed stock exchanges about a tax order received by its wholly owned subsidiary, Dalmia Cement (Bharat) Limited (DCBL), involving a total demand of ₹21.28 lakh comprising service tax and penalty.

GST Order Details

DCBL received an Order in Appeal from the Commissioner (Appeals), GST, CX & Customs, Bhubaneshwar Commissionerate, Odisha, under section 73(1) of Finance Act 1994. The order was issued following an appeal filed by the Assistant Commissioner, GST & Central Excise, Rourkela-I Division, Orissa.

Nature of Dispute

The tax demand pertains to assessment years 2016-17 and 2017-18 and centers on an alleged dispute regarding the levy of tax on grant of license by the State for drawing and use of natural river water for industrial use.

Company's Response Strategy

DCBL has indicated that it plans to appeal against the decision. The company maintains that the order does not have a major financial impact on DCBL, with the impact limited only to the extent of the aforementioned tax liability and penalty amount.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations, specifically:

• Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• SEBI circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023

The company has provided detailed annexure information as required under the regulatory framework, confirming that no litigation exists against key management personnel or promoters, and no settlement has been reached in the matter.

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.