Dalmia Bharat announces that the Adjudicating Authority has confirmed the Provisional Attachment Order regarding land of its subsidiary, DCBL, dated March 31, 2025. The original order was for ₹793.34 Cr. While confirmed, day-to-day operations of DCBL are not affected. The company is evaluating further legal steps. The land value is ~Rs.377.26 Cr.
Attachment Order Confirmation
Dalmia Bharat announced that the Adjudicating Authority has confirmed the Provisional Attachment Order, initially issued on March 31, 2025. The order pertains to Dalmia Cement (Bharat) Limited (DCBL), a wholly-owned subsidiary. The confirmation was received on September 23, 2025, following an order dated September 22, 2025.
Details of the Order
The Provisional Attachment Order, now confirmed, was originally for ₹793.34 Cr. It related to the attachment of land belonging to DCBL, with an estimated value of approximately ~Rs.377.26 Cr. The initial attachment order was issued by the Jt. Director, Enforcement Directorate (ED), Hyderabad.
Operational Impact and Legal Recourse
Dalmia Bharat clarifies that the confirmation of this order does not have any impact on the regular, day-to-day operations of DCBL. The company is currently reviewing the order and consulting with legal counsel to determine the appropriate legal remedies. They plan to challenge the order before the appropriate legal forum.
Background of the Attachment
The provisional attachment by the ED stems from a case registered by the Central Bureau of Investigation (CBI) in 2011. The case involves allegations against DCBL related to investments in Bharathi Cement Corporation Private Limited. The matter remains sub-judice before the CBI Court in Hyderabad.
Source: BSE
