Dalmia Bharat Limited — Important, 31-01-2025: General Updates

Dalmia Cement Bharat Limited (DCBL), a wholly owned subsidiary of Dalmia Bharat Limited, has faced confirmed tax demands totaling ₹20,56,251, stemming from an earlier appeal against input tax credit claims for FY 2018-19. The demands consist of ₹12,41,808 plus penalty and interest on the now-merged OCL India Limited, and ₹8,23,843 with additional penalties for DCBL. The Joint Commissioner of State Tax has upheld these demands, prompting DCBL to seek further appeals. The situation necessitates close monitoring as it could affect DCBL's financial stance and operational liquidity; however, the company believes it has a strong case for its appeal. This development signals potential risks that investors should watch closely.