Birla Corporation Limited — Important, 07-06-2025: Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals

Birla Corporation Limited is entitled to ₹55.66 Cr as Industrial Promotion Assistance for its Durgapur cement unit, approved by the West Bengal Industrial Development Corporation. Despite court orders directing payment and push for the remaining ₹138.58 Cr, funds have been delayed. A new state law retroactively cancels previous incentive schemes, threatening these receivables. The company is assessing the impact and contemplating legal action to challenge the law’s validity and its retrospective application, which is critical for recovering these significant dues.