Dalmia Bharat Limited — Others, 06-06-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
06-06-2025 | 03:58 pm
06-06-2025 | 03:58 pm
Dalmia Bharat Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company faces uncertainty after West Bengal’s Revocation Act cancels incentive schemes, including Rs. 236.32 Cr approved by the Calcutta High Court for its wholly owned subsidiary. This threatens receipt of dues from the West Bengal State Industrial Development Corporation. The company is assessing the situation and exploring legal avenues to challenge the Act, as it could significantly affect cash flows and operating costs linked to these incentives.
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