Dalmia Cement (Bharat) Limited, a subsidiary of Dalmia Bharat, has received confirmation of a Provisional Attachment Order from the Adjudicating Authority under the Prevention of Money Laundering Act (PMLA). The order attaches company land valued at approximately Rs. 377.26 crore, forming part of a larger Rs. 793.34 crore attachment initiated by the Enforcement Directorate (ED).
Background of the Case
The attachment relates to alleged investments in Bharathi Cement Corporation Private Limited, stemming from a 2011 Central Bureau of Investigation (CBI) case. The initial provisional attachment order was issued by the ED’s Hyderabad office on March 31, 2025.
Company Response
Dalmia Cement has stated that the order does not affect its daily operations. The company is reviewing the order and intends to pursue legal remedies to challenge the attachment through the appropriate judicial forum.
Regulatory Compliance
In accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Dalmia Bharat has disclosed this development to stock exchanges. The company had previously informed the exchanges upon receiving the initial provisional attachment order on April 16, 2025.
Outlook
While the legal proceedings continue, Dalmia Cement (Bharat) Limited maintains that its operations remain unaffected. The company will continue to monitor the situation closely and seek legal recourse to resolve the matter.
✅ Summary
- Company: Dalmia Cement (Bharat) Limited (Subsidiary of Dalmia Bharat)
- Attachment Value: Rs. 377.26 crore in land (part of Rs. 793.34 crore provisional attachment)
- Regulatory Authority: Adjudicating Authority under PMLA; Enforcement Directorate
- Origin: Allegations from 2011 CBI case regarding investments in Bharathi Cement Corporation Pvt. Ltd.
- Impact: Daily operations unaffected; legal remedies being pursued
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