Dalmia Bharat Limited

rs,

1010/02 April 28, 2026 BSE Limited P J Towers, Dalal Street, Fort Mumbai-400001 Scrip Code: 542216 National Stock Exchange of India Limited “E

6.5%

8 30 34 01 Economy & Industry Indian Economy GDP Growth (%) Fiscal Deficit (% to GDP) World 6.5% Emerging Markets 7.6% India 6.9% 4.3% 3.3% 4.4% 3.4% 3.9% 3.1% 6.7% 6.5% 5.5% 4.8% 4

7.6%

Industry Indian Economy GDP Growth (%) Fiscal Deficit (% to GDP) World 6.5% Emerging Markets 7.6% India 6.9% 4.3% 3.3% 4.4% 3.4% 3.9% 3.1% 6.7% 6.5% 5.5% 4.8% 4.4% FY25 FY26e FY27e

6.9%

ian Economy GDP Growth (%) Fiscal Deficit (% to GDP) World 6.5% Emerging Markets 7.6% India 6.9% 4.3% 3.3% 4.4% 3.4% 3.9% 3.1% 6.7% 6.5% 5.5% 4.8% 4.4% FY25 FY26e FY27e FY22 FY23

4.3%

onomy GDP Growth (%) Fiscal Deficit (% to GDP) World 6.5% Emerging Markets 7.6% India 6.9% 4.3% 3.3% 4.4% 3.4% 3.9% 3.1% 6.7% 6.5% 5.5% 4.8% 4.4% FY25 FY26e FY27e FY22 FY23 FY24

3.3%

GDP Growth (%) Fiscal Deficit (% to GDP) World 6.5% Emerging Markets 7.6% India 6.9% 4.3% 3.3% 4.4% 3.4% 3.9% 3.1% 6.7% 6.5% 5.5% 4.8% 4.4% FY25 FY26e FY27e FY22 FY23 FY24 FY25

4.4%

rowth (%) Fiscal Deficit (% to GDP) World 6.5% Emerging Markets 7.6% India 6.9% 4.3% 3.3% 4.4% 3.4% 3.9% 3.1% 6.7% 6.5% 5.5% 4.8% 4.4% FY25 FY26e FY27e FY22 FY23 FY24 FY25 FY26

3.4%

(%) Fiscal Deficit (% to GDP) World 6.5% Emerging Markets 7.6% India 6.9% 4.3% 3.3% 4.4% 3.4% 3.9% 3.1% 6.7% 6.5% 5.5% 4.8% 4.4% FY25 FY26e FY27e FY22 FY23 FY24 FY25 FY26 Index

3.9%

iscal Deficit (% to GDP) World 6.5% Emerging Markets 7.6% India 6.9% 4.3% 3.3% 4.4% 3.4% 3.9% 3.1% 6.7% 6.5% 5.5% 4.8% 4.4% FY25 FY26e FY27e FY22 FY23 FY24 FY25 FY26 Index of Eig

3.1%

Deficit (% to GDP) World 6.5% Emerging Markets 7.6% India 6.9% 4.3% 3.3% 4.4% 3.4% 3.9% 3.1% 6.7% 6.5% 5.5% 4.8% 4.4% FY25 FY26e FY27e FY22 FY23 FY24 FY25 FY26 Index of Eight Cor

6.7%

t (% to GDP) World 6.5% Emerging Markets 7.6% India 6.9% 4.3% 3.3% 4.4% 3.4% 3.9% 3.1% 6.7% 6.5% 5.5% 4.8% 4.4% FY25 FY26e FY27e FY22 FY23 FY24 FY25 FY26 Index of Eight Core Indu

5.5%

World 6.5% Emerging Markets 7.6% India 6.9% 4.3% 3.3% 4.4% 3.4% 3.9% 3.1% 6.7% 6.5% 5.5% 4.8% 4.4% FY25 FY26e FY27e FY22 FY23 FY24 FY25 FY26 Index of Eight Core Industries Fore

“(i) Default & Non- fulfillment of Project conditions by Bawris Call Option arbitration (ii) Background Progress ED had attached land parcels (valued Rs 344 Cr) of the company considering alleged Proceeds of Crime (“POC”) of Rs 793 Cr.”

“(i) (ii) In an arbitration proceedings, Dalmia had sought the transfer of shares held by the Bawri Group (‘BG’) due to non-fulfillment of project conditions.”

Group

1

Group

(i) Default & Non- fulfillment of Project conditions by Bawris Call Option arbitration (ii) Background Progress ED had attached land parcels (valued Rs 344 Cr) of the company considering alleged Proceeds of Crime (“POC”) of Rs 793 Cr. ED case was basis a 2011 CBI case emanating from investigation against Mr. YS Jagan Mohan Reddy and others. The Company had challenged the attachment before the PMLA Tribunal, who vide final order dt. 09.03.2026 reduced the POC to ~Rs 93 Cr. Basis Tribunal’s order, the Company made an application before the ED for release of the land parcel by substituting the same with a Bank Guarantee of equivalent amount. The Tribunal has significantly reduced the attachment order by ~90% to Rs 93 Cr. The ED has also ordered release of entire attached land parcels. The company is in the process of filing an appeal with the High Court against the POC of ~Rs 93 Cr. Mutual fund units of the Company (Rs 344 Cr) were fraudulently transferred in 2019 from Dalmia subsidiaries