Dalmia Bharat Subsidiary's Land Parcels Released by ED Against Bank Guarantee
Dalmia Cement (Bharat) Limited's attached land parcels have been released by the Enforcement Directorate (ED) following the submission of a ₹92.52 crore bank guarantee. The alleged Proceeds of Crime have been reduced from ₹793.34 crore to ₹92.52 crore. DCBL is appealing the remaining amount.
The release of land parcels is significant for the subsidiary's operations, and the reduction in the alleged Proceeds of Crime has a material financial implication. However, the ongoing appeal and remaining disputed amount prevent a 'HIGH' impact.
While the release of attached land parcels is a positive development, the remaining alleged Proceeds of Crime and the ongoing appeal indicate a neutral sentiment as the matter is not fully resolved.
Dalmia Bharat Limited has announced the release of attached land parcels belonging to its material wholly owned subsidiary, Dalmia Cement (Bharat) Limited (DCBL). This action follows an order from the Enforcement Directorate (ED), Hyderabad, on April 21, 2026.
Previously, the ED had issued a Provisional Attachment Order (PAO) on March 31, 2025, which was confirmed by the Adjudicating Authority on September 22, 2025. An appeal to the PMLA Tribunal partially allowed the appeal, reducing the Proceeds of Crime (PoC) to ₹92.52 crore. Subsequently, DCBL applied to the ED for substitution, submitting a bank guarantee of ₹92.52 crore.
As a result of the ED's order on April 21, 2026, the entire attached land parcels have been released. The alleged PoC has consequently been reduced from ₹793.34 crore to ₹92.52 crore. DCBL is currently in the process of filing an appeal against the impugned order concerning the alleged PoC of ₹92.52 crore.
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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 medium impact: worth reading, rarely worth acting on by itself.
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