Dalmia Bharat Limited has announced the release of properties attached by the Enforcement Directorate (ED) concerning its subsidiary, Dalmia Cement (Bharat) Limited (DCBL).
This development follows a series of legal proceedings and appeals that have significantly reduced the alleged Proceeds of Crime (PoC).
On April 21, 2026, the ED ordered the release of land parcels previously attached under a Provisional Attachment Order dated March 31, 2025.
This order was initially confirmed by the Adjudicating Authority under the Prevention of Money Laundering Act (PMLA) on September 22, 2025. However, following an appeal, the PMLA Tribunal reduced the PoC to ₹92.52 crore from the original ₹793.34 crore.
DCBL submitted a bank guarantee of ₹92.52 crore to facilitate the release of these properties. The ED's decision to release the properties marks a significant step in resolving the legal challenges faced by the company.
The initial attachment of DCBL's properties was part of a broader investigation by the ED into alleged violations of the PMLA.
The properties were provisionally attached as part of the investigation into the alleged financial irregularities.
Following the confirmation of the attachment by the Adjudicating Authority, DCBL appealed to the PMLA Tribunal, which partially allowed the appeal.
The Tribunal's decision reduced the PoC significantly, allowing DCBL to seek the release of its properties.
The release of the attached properties is a positive development for Dalmia Bharat and its subsidiary, DCBL.
It reduces the financial burden associated with the alleged PoC and allows the company to focus on its core operations.
DCBL is currently in the process of filing an appeal against the remaining alleged PoC of ₹92.52 crore.
Read More: India Plans Legal Framework for AI Companies and Tech Oversight!
As of April 21, 2026, at 3:30 PM, Dalmia Bharat share price on NSE was closed at ₹1,990.00 up by 0.41% from the previous closing price.
The release of DCBL's attached properties by the ED represents a crucial resolution in the ongoing legal proceedings. With the alleged PoC reduced, Dalmia Bharat can now concentrate on its business activities while addressing the remaining legal challenges.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 22, 2026, 9:14 AM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
