Dalmia Bharat has received a favourable ruling from the Appellate Tribunal under the Prevention of Money Laundering Act, 2002, which has significantly reduced the alleged proceeds of crime against its subsidiary, Dalmia Cement (Bharat) Limited, from ₹793.34 crore to ₹92.52 crore.
The tribunal’s decision, dated 9 March 2026 and received on 11 March 2026, partially allows the appeal filed by Dalmia Cement against the Enforcement Directorate’s provisional attachment order. The original order, dated 31 March 2025, had attached land parcels of Dalmia Cement, which will now be adjusted according to the reduced amount.
Dalmia Cement is currently examining the tribunal’s order and, based on legal advice, plans to pursue further legal remedies as it disagrees with the tribunal’s findings regarding the ₹92.52 crore. The company intends to make the necessary applications to the Enforcement Directorate for the release of the attached land parcels or substitution by other securities.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).