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

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Full Announcement

Intimation of reaffirmation of ESG Rating by ICRA

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DALBHARAT_17072026133008_ESGRating170726.pdf

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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 __ .