Dalmia Bharat’s Subsidiary Faces ₹22 Lakh Tax Demand; Appeals to Continue

New Delhi, January 31, 2025: Dalmia Bharat Limited (NSE: DALBHARAT, BSE: 542216) has disclosed that its wholly-owned subsidiary, Dalmia Cement Bharat Limited (DCBL), has received a confirmed tax demand order from the Joint Commissioner of State Tax (Appeal), Odisha.

The demand relates to input tax credit claims for FY 2018-19, amounting to ₹22 lakh, including interest and penalties:

• ₹12.41 lakh tax demand with ₹1.33 lakh penalty for OCL India Ltd (merged with DCBL).
• ₹8.23 lakh tax demand with ₹91,094 penalty for DCBL.

DCBL had previously challenged the demand, but the appellate authority has upheld it. The company plans to file further appeals before the appropriate Appellate Authorities within the stipulated timeline.

This development was disclosed to the stock exchanges on January 31, 2025.