Clarification on GST Notices in Media Reports
Dalmia Bharat clarifies media reports of ₹266.3 crore GST notices to subsidiary DCBL are incorrect, as the demand was waived, causing no financial impact.
The announcement clarifies a factual inaccuracy in media reports and confirms no financial impact on the company.
The company clarified a misleading report and confirmed a positive outcome (waiver of demand) for its subsidiary.
* Dalmia Bharat Limited clarifies media reports regarding alleged GST notices of ₹266.3 crore issued to Dalmia Cement (Bharat) Limited (DCBL). * The company states that these reports are factually incorrect and misleading. * DCBL received relief in two show-cause notices under the Central GST and Tamil Nadu GST Acts for AY 2019–20 and AY 2022–23. * The entire demand of ₹266.3 crore, including tax and penalty, has been waived during adjudication, resulting in no financial impact on DCBL. * The company requests stakeholders to rely on official communications filed with stock exchanges and published on their website.
What to do with a filing like this
Dalmia Bharat Limited filed this with the NSE as a statutory disclosure, categorised under general announcements. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Dalmia Bharat Limited. Read the original for the full detail.