Dalmia Bharat Limited — Important, 10-01-2025: General Updates

Dalmia Cement (Bharat) Limited (DCBL) is addressing a tax-related issue arising from the merger of its step-down subsidiary, Dalmia DSP Limited. The company received an order from the Assistant Commissioner, Central GST and Central Excise in Gaya, Bihar, demanding an interest and penalty totaling ₹11.82 lakh for a disputed input tax credit claimed for FY 2017-18, specifically related to the Reverse Charge Mechanism. DCBL believes it has a strong case to contest this order and plans to appeal to the relevant Appellate Authorities. While this order imposes a financial liability, DCBL asserts that it will not significantly impact the company’s overall financial performance. Investors should monitor the situation as the company navigates this legal challenge.