Dalmia Bharat Limited — Others, 13-03-2025: Rumour Verification - Regulation 30(11)

Dalmia Bharat Limited has clarified the recent media reports regarding the significant drop in its share price. The Tamil Nadu legislative assembly has enacted the Tamil Nadu Mineral Bearing Land Tax Act, imposing a tax of ₹160 per metric tonne on limestone mining, which may affect all cement producers in Tamil Nadu. The expected impact on the company's financials is estimated at ₹130 Cr annually, which Dalmia Bharat aims to pass on to customers. Investors should monitor this development closely, as it introduces both potential risks and strategic pricing opportunities in the market.