Dalmia Bharat Subsidiary's Attachment Order Reduced by ₹700 Cr to ₹92.52 Cr
Dalmia Cement (Bharat) Limited's alleged Proceeds of Crime (PoC) reduced by ~₹700 Cr to ₹92.52 Cr by the PMLA Tribunal. This follows an appeal against an ED order provisionally attaching land parcels. The company will seek release of attached land.
While the reduction is positive, the remaining ₹92.52 crore still represents a financial liability and potential impact on assets. The company's intent to pursue further legal remedies indicates ongoing uncertainty.
The reduction of the alleged Proceeds of Crime by approximately ₹700 crore is a significant positive development for the company, as it leads to a substantial decrease in the value of attached assets.
Dalmia Bharat Limited announced that its material wholly owned subsidiary, Dalmia Cement (Bharat) Limited (DCBL), has received a final order from the Appellate Tribunal under the Prevention of Money Laundering Act, 2002. The Tribunal has partially allowed DCBL's appeal against a Provisional Attachment Order (PAO) issued by the Enforcement Directorate (ED) on March 31, 2025.
Initially, the ED had quantified the alleged Proceeds of Crime (PoC) at ₹793.34 crore. However, the Tribunal, in its final order dated March 9, 2026 (received by DCBL on March 11, 2026), has substantially reduced this amount by approximately ₹700 crore, bringing the PoC down to ₹92.52 crore. This reduction means that the land parcels of DCBL, which were provisionally attached by the ED, will also be reduced accordingly.
DCBL is currently examining the Tribunal's order and, based on legal advice, intends to pursue further legal remedies as it does not agree with the finding of ₹92.52 crore as the PoC. The company will make necessary applications to the ED for the release of the attached land parcels, possibly through substitution by other security.
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Dalmia Bharat Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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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.