Dalmia Bharat Limited has announced that its material subsidiary, Dalmia Cement (Bharat) Limited (DCBL), has successfully secured the release of its attached land parcels. Following a court order, the company submitted a bank guarantee of Rs. 92.52 crore to the authorities. This action has led to a significant reduction in the alleged Proceeds of Crime from Rs. 793.34 crore to Rs. 92.52 crore, with the company currently preparing to contest this remaining amount.
Asset Release Update
In a significant development for the company, Dalmia Cement (Bharat) Limited (DCBL) has obtained the release of its previously attached land parcels. The Enforcement Directorate issued an order on April 21, 2026, authorizing the release of these assets after the company provided a bank guarantee amounting to Rs. 92.52 crore.
Financial Implications
This development marks a substantial reduction in the financial exposure related to ongoing legal proceedings. The total alleged Proceeds of Crime, which initially stood at Rs. 793.34 crore, has now been lowered to Rs. 92.52 crore. The management of DCBL has stated that they are actively in the process of filing an appeal to challenge the remaining Rs. 92.52 crore liability, demonstrating their ongoing commitment to resolving the matter favorably.
Background on Proceedings
The land parcels were initially subject to a Provisional Attachment Order issued on March 31, 2025, which was subsequently confirmed in September 2025. Following an appeal, the PMLA Tribunal issued a final order on March 9, 2026, which allowed for the partial relief that facilitated the current release of assets. The company continues to pursue legal channels to address the remaining claims against its subsidiary.
Source: BSE
