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Dalmia Bharat Ltd. ( (IN:DALBHARAT) ) has shared an announcement.
Dalmia Bharat said its material subsidiary Dalmia Cement (Bharat) Ltd. has secured the release of all land parcels earlier provisionally attached by the Enforcement Directorate, Hyderabad, under the Prevention of Money Laundering Act. The release follows an application supported by a bank guarantee of Rs.92.52 crore, after a tribunal had reduced the alleged proceeds of crime from Rs.793.34 crore to Rs.92.52 crore.
The company said the ED’s order, received on April 21, 2026, restores full control over the attached properties while the reduced alleged amount remains secured by the guarantee. Dalmia Cement (Bharat) plans to appeal the remaining alleged proceeds of crime, and the move eases operational constraints linked to the attached land, though the PMLA proceedings and associated reputational and legal overhang continue for the group.
More about Dalmia Bharat Ltd.
Dalmia Bharat Ltd. is an Indian cement manufacturer whose operations are conducted through subsidiaries including Dalmia Cement (Bharat) Ltd., a material wholly owned unit. The group focuses on producing and marketing cement and related building materials across India, with significant land assets tied to its industrial and expansion activities.
Average Trading Volume: 28,472
Technical Sentiment Signal: Hold
Current Market Cap: 370.2B INR
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