Regulatory22 Apr 2026, 08:44 am
Dalmia Bharat: ED Releases Attached Land Parcels
AI Summary
The Enforcement Directorate (ED) has ordered the release of attached land parcels of Dalmia Cement (Bharat) Limited (DCBL), a wholly-owned subsidiary of Dalmia Bharat Ltd, following an application by DCBL and submission of a bank guarantee of ₹92.52 cr. This follows a previous provisional attachment order (PAO) and subsequent appeals, which reduced the alleged Proceeds of Crime (PoC) from ₹793.34 cr to ₹92.52 cr. DCBL is appealing the remaining POC.
Key Highlights
- ED orders release of attached land parcels of Dalmia Cement Bharat Ltd.
- Release follows DCBL's application and a bank guarantee of ₹92.52 cr.
- Alleged Proceeds of Crime (PoC) reduced from ₹793.34 cr to ₹92.52 cr.
- DCBL is filing an appeal against the remaining alleged PoC of ₹92.52 cr.