Rajeev Kumar | Business Upturn

Dalmia Bharat sees attached land parcels released as ED reduces proceeds of crime to Rs 92.52 crore

Business Desk — Wed, 22 Apr 2026 03:14:27 +0000

Dalmia Bharat Limited has announced that the Enforcement Directorate (ED) has ordered the release of land parcels previously attached under a Provisional Attachment Order (PAO) against its subsidiary, Dalmia Cement (Bharat) Limited (DCBL). The order, dated April 21, 2026, follows the submission of a bank guarantee of ₹92.52 crore by DCBL.

The PAO, initially issued on March 31, 2025, had provisionally attached land parcels of DCBL, a wholly-owned subsidiary of Dalmia Bharat, as part of proceedings under the Prevention of Money Laundering Act (PMLA). The attachment was confirmed by the Adjudicating Authority on September 22, 2025. However, an appeal to the PMLA Tribunal resulted in a partial allowance, reducing the alleged Proceeds of Crime (PoC) from ₹793.34 crore to ₹92.52 crore.

In response to the tribunal’s decision, DCBL submitted an application to the ED, accompanied by the required bank guarantee, which led to the release of the attached properties. Despite this development, DCBL is preparing to file an appeal against the impugned order concerning the remaining alleged PoC of ₹92.52 crore.

The release of the land parcels is expected to have a significant impact on the financial and operational activities of the company, as it marks a reduction in the alleged PoC and the return of valuable assets to DCBL.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Dalmia Bharat reports clinker supply disruption impacting up to 3 lakh tons in March

Yash Agarwal — Sun, 29 Mar 2026 14:06:47 +0000

Dalmia Bharat has announced a temporary disruption in its clinker supply due to a breakdown in one of its kilns at Rajgangpur, Odisha. The incident, which occurred on 13th March 2026, affected the company’s clinker output, a crucial component for its grinding units in Odisha, West Bengal, and Jharkhand.

The kiln breakdown lasted for 14 days, during which time the company was already operating at low inventory levels. As a result, cement sales in Dalmia Bharat‘s key eastern markets were impacted by approximately 2.5 to 3 lakh tons in March 2026. The company has since completed necessary repairs and maintenance, relighting the kiln and resuming clinker production by 27th March 2026.

Dalmia Bharat expressed regret for the disruption caused to its channel partners during this peak demand period. The company reassured stakeholders that measures are being taken to normalise supply chains as quickly as possible.

While the event does not qualify as a material event under SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015, Dalmia Bharat chose to disclose the information voluntarily to keep stakeholders informed.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Kotak Mahindra Bank to integrate Kotak Mahindra Investments’ operations from April 2026

Yash Agarwal — Tue, 24 Mar 2026 15:32:21 +0000

Kotak Mahindra Bank has announced a strategic move to integrate the business activities of its wholly-owned subsidiary, Kotak Mahindra Investments Limited (KMIL), within the bank’s operations. This decision, aimed at simplifying the group structure and enhancing operational synergies, will take effect from 1 April 2026.

The decision was approved by the Board of Directors of KMIL during a meeting held on 24 March 2026. As part of this integration, KMIL will cease sanctioning new loans from 1 April 2026. However, it will continue to service its existing facilities and honour obligations under facility agreements executed on or before 31 March 2026.

The integration aligns with the Reserve Bank of India’s (RBI) directions for commercial banks undertaking financial services. This move is expected to facilitate compliance with RBI’s guidelines and is in the interest of group simplification.

For the financial year 2024-25, KMIL reported a net total income of ₹795 crore and a profit after tax of ₹501 crore, representing approximately 1.0% and 2.3% of the consolidated net total income and profit after tax of Kotak Mahindra Bank, respectively. KMIL’s net worth as of 31 March 2025 stood at ₹3,842 crore, around 2.4% of the bank’s consolidated net worth. The impact of this integration on the bank’s consolidated turnover, profit after tax, and net worth is not considered material.

Kotak Mahindra Bank has made this information available on its website for investors and stakeholders.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Kotak Mahindra Bank says subsidiary KMIL will stop loan sanctioning from April 1

Yash Agarwal — Tue, 24 Mar 2026 15:26:03 +0000

Kotak Mahindra Bank has announced that it will integrate the business activities of its wholly-owned subsidiary, Kotak Mahindra Investments Limited (KMIL), into the bank’s operations starting from 1 April 2026. This strategic move aims to simplify the group’s structure and enhance operational synergies.

During a board meeting held on 24 March 2026, KMIL’s directors unanimously approved the decision to cease sanctioning new loans beginning 1 April 2026. However, KMIL will continue to service its existing facilities and honour obligations under agreements executed on or before 31 March 2026.

The decision aligns with the Reserve Bank of India’s (RBI) Directions on Commercial Banks Undertaking Financial Services, which require proper rationale for business segmentation within a bank group. Kotak Mahindra Bank‘s integration of KMIL’s operations is intended to comply with these provisions and streamline its organisational structure.

For the financial year 2024-25, KMIL reported a net total income of ₹795 crore and a profit after tax of ₹501 crore, representing approximately 1.0% and 2.3% of the consolidated figures for Kotak Mahindra Bank, respectively. As of 31 March 2025, KMIL’s net worth stood at ₹3,842 crore, accounting for about 2.4% of the bank’s consolidated net worth. The bank stated that the impact of this integration on its consolidated turnover, profit after tax, and net worth is not material.

This integration reflects Kotak Mahindra Bank’s commitment to enhancing efficiency and achieving greater operational synergy across its business segments.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Dalmia Bharat’s subsidiary to acquire 26% stake in Ventora Energy for Rs 4.42 crore

Kinjal — Fri, 20 Mar 2026 13:30:50 +0000

Dalmia Bharat Limited’s wholly owned subsidiary, Dalmia Cement (Bharat) Limited (DCBL), has announced its plans to acquire a 26% stake in Ventora Energy Private Limited. The acquisition, valued at approximately ₹4.42 crore, will be executed in one or more tranches.

The acquisition involves entering into a Share Subscription and Shareholders’ Agreement (SSSHA) and a Power Purchase Agreement (PPA) with Ventora Energy, an SPV of Ultra Mega Power Private Limited. This strategic move aims to source wind power as a captive consumer for a capacity of up to 8.1 MW located in Tamil Nadu.

The acquisition is not classified as a related party transaction, and neither the promoter nor the promoter group companies have any interest in Ventora Energy. The transaction is expected to be completed within three months, subject to customary conditions precedent.

Ventora Energy operates in the power generation sector, specifically focusing on wind power. This acquisition aligns with Dalmia Bharat‘s commitment towards achieving RE 100 by 2030 and becoming carbon negative by 2040.

The acquisition will be executed through a cash consideration, with DCBL acquiring 44,22,600 equity shares of face value ₹10 each at par. Post-acquisition, DCBL will hold a 26% stake in Ventora Energy.

Ventora Energy, incorporated on December 11, 2025, is a Special Purpose Vehicle set up to establish a wind power project on a captive basis in Tamil Nadu. As the company was incorporated in FY 2025-26, turnover details for the last three years are not applicable.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).