Dalmia Bharat Subsidiary Receives Service Tax Demand Order of ₹21.28 Lakh
Dalmia Cement (Bharat) Limited received an order demanding ₹10.59 lakh in tax and ₹10.69 lakh in penalty for AY 2016-17 and 2017-18. The subsidiary will appeal the order, stating it has limited financial impact.
The total demand of ₹21.28 lakh is a very small amount relative to the overall size of Dalmia Bharat Limited, and the company has indicated it will appeal the decision.
The company received a tax demand and penalty order, which is negative. However, the company plans to appeal and states the financial impact is limited, which mitigates the negativity.
Dalmia Cement (Bharat) Limited (DCBL), a wholly-owned subsidiary of Dalmia Bharat Limited, has received an Order in Appeal from the Commissioner (Appeals), GST, CX & Customs, Bhubaneshwar Commissionerate, Odisha.
This order pertains to a demand of service tax for AY 2016-17 and 2017-18 concerning the levy of tax on the grant of a license by the State for drawing and using natural river water for industrial use. The order imposes a demand of ₹10,59,250 in tax and ₹10,69,250 in penalty, totaling ₹21,28,500.
DCBL intends to contest this order and will file an appeal before the Appellate Authority (CESTAT) within the prescribed timelines. The company believes it has good grounds for appeal and has stated that the order does not have a major financial impact, being limited to the aforementioned tax and penalty amounts. The order was received on December 27, 2025.
What to do with a filing like this
Dalmia Bharat Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. 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.