NSECredit Rating- Others5d ago · 17 Jul 2026, 01:32 pm
Credit Rating- Others
Dalmia Bharat Limited · DALBHARAT
✦ AI SummaryESG
Dalmia Bharat Limited has received a reaffirmation of its ESG Rating by ICRA ESG Ratings Limited, with a Combined Rating of 80 (Exceptional) and a Transition Rating of 85 (Accelerating).
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Intimation of reaffirmation of ESG Rating by ICRA
Attachments (1)
📄pdf
Download →
DALBHARAT_17072026133008_ESGRating170726.pdf
View document text
File No: 1010/2 July 17, 2026
BSE Limited National Stock Exchange of India Limited
P J Tower, Dalal Street, “Exchange Plaza”, C-1, Block G
Fort, Mumbai-400001
Bandra – Kurla Complex, Bandra €,
Scrip Code: 542216
Mumbai – 400 051
Symbol: DALBHARAT
Sub: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“Listing Regulations”) – Intimation of reaffirmation of ESG
Rating by ICRA
Dear Sir/Madam,
Pursuant to Regulation 30 of Listing Regulations, we wish to inform you that ICRA ESG
Ratings Limited (“ICRA”), a SEBI registered Category-I ESG Rating Provider, has reaffirmed
the ESG rating [ICRA ESG] Combined Rating 80, Exceptional assigned to Dalmia Bharat
Limited (“the Company”).
The Company received the communication from ICRA on July 16, 2026, at 03:26 P.M., a
copy of which is enclosed herewith for your reference.
This disclosure is being made in compliance with Regulation 30 of Listing Regulations read
with the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
This is for your information and records.
Thanking you,
Yours sincerely,
For Dalmia Bharat Limited
Rajeev Kumar
Company Secretary
Encl.: As above
ICRA
Ref: ICRAESGillBL/16072026 /04
July 16, 2026
Mr. Dharmender Tuteja,
Chief Financial Officer
Dalinia Bharat Limited
11th & 12th Floors, Hansalaya Building,
15, Barakhamba Road,
New Delhi-I 10001
Dear Sir,
Re: Surveillance of ICRA ESG Combined Rating ofDalmia Bharat Limited (DBL)
Please refer to your ESG Combined Rating Agreement dated August 02, 2024, requesting ICRA ESG Ratings Limited ("ICRA
ESG") to assign ESG Combined Rating to your company on an annual basis and when the circumstances so warrant. Please
note that, ICRA ESG Ratings Limited has undertaken a review of the ESG Combined Rating assigned to your company. The
Rating Committee of ICRA ESG, after due consideration, has reaffirmed the ratings at [ICRA ESG] Combined
Rating 80, Exceptional. The Combined Rating is a combination of [ICRA ESG] Impact Rating 74, Good and [ICRA ESG]
Transition Rating 85, Accelerating. Please refer to the annexure I for pillar wise scores and to our website for details on
rating symbols and definitions.
In any of your publicity material or other document wherever you are using the above Rating(s), it should be stated as [ICRA
ESG] Combined Rating 80, Exceptional.
The aforesaid Rating(s) will become due for surveillance within one year from the date of rating communication letter.
However, ICRA ESGreserves the right to review and/or, revise the above Rating(s) at any time on the basis of new information
becoming available, or the required information not being available, or other circumstances that ICRA ESG believes could
have an i~pact on the Rating(s). Therefore, request the stakeholders to visit ICRA ESG website at www.icraesl!.ratinus.in for
latest Rating(s) of the Company.
You are also requested to forthwith inform us about any other developments which may have a direct or indirect impact on
the ESG profile of the company. The Rating(s) assigned must be understood solely as an opinion and should not be treated,
or cause to be treated, as recommendation to buy, sell, or hold any investment in the rated issuer.
We look forward to your communication and assure you of our best services.
With kind regards,
Yours sincerely,
For ICRA ESG Ratings Limited
(Previously known as Pragati Development Consulting Services Limited)
Sheetal Sharad
Chief Ratings Officer, ICRA ESG Ratings Limited
Email: sheetal.sharad-esg@icraindia.com
Encl: Annexure I -ESG Rating
ICRA ESG Ratings Limited
(Formerly Known as Pragati Development Consulting Services Limited)
(Category I SEBI Registered ERP)
Building No. 8, 2"" Floor, Tower A Tel.: +91-0124-4545800 Website :www.icraesgratings.in
DLF Cyber City, Phase II CI N : U64990DL2011 PLC21317 4 Email : enquiryesgratings@icraindia.com
Gurugram -122002, Haryana Helpdesk : +91 9354738909
Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi -110001.Tel.: +91-11-23357940-41
ICRA
(' ;ffl"
A Group ICRA Company
Annexure I: ESG Rating
DBL ESG Rating Break-up - 80 (Exceptional)
ESG Combined Rating Outcome
R~!ing Ty~e Previous Score Symbol Current Score __ Symbol_
ESG Combined Rating 80 Strong 80 Exceptional
Parameters Previous Score Symbol- ---C-ur-re~nt Sc~ore-•· --~Sy-m-b-o-l
·-- ----·--------
Governance 83 Exceptional 83 __ Exceptional
ESG Impact Rating Outcome
ESG_lrnp._ict ~~ti_ng 74 Good 74 Good
---~Pa-r-ameters Previous Score _C u rre11t ' §"· _'· ~ ore ___ SY!:J1.b_ol_
Environment 66 Good 66 Good
---S-oc-ial- ------85- ------O➔-ut-sta-n-d-i·-n-·g --·-·-__.- ... _-__ 8--4__-_ -___-__ _- -Outstanding
Governance 76 Good 76 Good
ESG Transition Rating Outcome
___R_ a_·t_fn_,g, Type Previous Score Symbol __C" "u''-r-~re'-'n--t'--S=--c'-o''-r.eC.~ __S ym_~~I _
Parameters Previous Score Current Score· Symbol ~
. ---------------·-
Governance 90 90 Accel era_t!.n_g __ .