Change in Management

1010/02 July 24, 2026 BSE Limited National Stock Exchange of India Limited P J Towers, Dalal Street, “Exchange Plaza”, Plot No. C-1, Block G Fort, Mumbai-400001 Bandra – Kurla Complex, Bandra (East), Scrip Code: 542216 Mumbai – 400 051 Symbol: DALBHARAT Subject: Outcome of Board Meeting held on July 24, 2026 Ref: Regulation 30 & 33 of the SEBI (LODR) Regulations 2015 ("Listing Regulations") Dear Sir/Madam, In accordance with Regulation 30 & 33 of Listing Regulations, we hereby inform that the Board of Directors of Dalmia Bharat Limited (“the Company”) at its meeting held today i.e. Friday, July 24, 2026, has inter-alia: 1. Considered and approved the Unaudited Financial Results (Standalone & Consolidated) (“Results”) of the Company for the quarter ended June 30, 2026, as recommended by the Audit Committee. A copy of the signed Results together with the Limited Review Reports of the Statutory Auditors thereon pursuant to Regulation 33 of the Listing Regulations, are attached herewith. 2. Based on the recommendations of the Nomination & Remuneration Committee, considered and approved the appointment of Mr. Yatin Malhotra as the Chief Financial Officer and Key Managerial Personnel of the Company with effect from August 01,2026 in place of Mr. Dharmender Tuteja who will superannuate from the services of the Company on July 31, 2026. The details as required under the Listing Regulations read with SEBI Circular no. SEBI/HO/CFD-PoD- 1/P/CIR/2023/123 dated July 13, 2023 are annexed as Annexure A. The Board Meeting commenced at 12:45 P.M. and concluded at 1:10 P.M. Kindly take the same on record. Thanking you, Yours sincerely, For Dalmia Bharat Limited Rajeev Kumar Company Secretary Encl.: As above ANNEXURE - A S. Particular Mr. Dharmender Tuteja Mr. Yatin Malhotra a) Reason for change viz. Retirement of Appointment of appointment, re-appointment, Mr. Dharmender Tuteja, Mr. Yatin Malhotra as Chief resignation, removal, death or Chief Financial Officer and Financial Officer and Key otherwise; Key Managerial Personnel, Managerial Personnel of the from services of the Company Company. upon superannuation. b) Date of appointment/ Effective from close of August 01, 2026 re-appointment/ cessation business hours of July 31, (as applicable) & term of 2026 (Term: Full time) appointment/ re-appointment c) Brief Profile Not Applicable Mr. Yatin Malhotra is a seasoned finance professional, (in case of appointment) having more than 25 years of experience in operating and strategic finance. He is a qualified Chartered Accountant, Company Secretary and Cost Accountant. He is currently the Chief Financial Officer of Dalmia Cement (Bharat) Limited, a material subsidiary of the Company. Before joining Dalmia Group he was working as Executive Vice President and Chief Operating Officer leading the consumer electronics own brands business for Reliance Retail. Prior to this he had served as CFO of ACC Limited and Whirlpool of India Ltd. d) Disclosure of relationships Not Applicable Not Applicable between directors (in case of appointment of a director) Walker Chandiok &..Co LLP Walker Chandiok & Co LLP 21st Floor, DLF Square Jacaranda Marg, DLF Phase 11, Gurugram -122 002 Haryana, India T +91 124 462 8099 F +91 124 462 8001 Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Dalmia Bharat Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results ('the Statement') of Dalmia Bharat Limited ('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group') and joint ventures (refer Annexure 1 for the list of subsidiaries and joint ventures included in the Statement) for the quarter ended 30 June 2026, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). 2. This Statement, which is the responsibility of the Holding Company's management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Chartered Accountants Walker Chandiok & Co LLP is registered with limited liability wilh Offices in Ahmedabad, Bengaluru, Chandigarh, Chennai, Dehradun, Goa, Gurugram, Hyderabad, Indore, Kechi, idenlificalion number MC-2085 and has its registered office at L-41. Kolkata, Mumbai, New Delhi, Naida and Puna Connaught Circus. Outer Circle, New Delhi, 110001. India Walker Chandiok &.Co LLP Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (Cont'd) We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable. 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. In relation to the matters described in Notes to the Statement and the following Emphasis of Matter paragraphs included in review report on the financial results of Dalmia Cement (Bharat) Limited ('DCBL'), a subsidiary of the Holding Company, reviewed by us, vide our review report dated 24 July 2026 which is reproduced by us as under: a. Note 1 to the accompanying Statement, which describes the pending proceedings in respect of dispute between the DCBL and Bawri Group ('BG') under the shareholders agreement dated 16 January 2012 with respect to one of the DCBL's subsidiaries. The Hon'ble Delhi High Court vide its judgement dated 17 October 2022 ("the Judgement"), has set aside certain awards granted to BG by Arbitral Tribunal vide its order dated 20 March 2021 and has directed that the claims of the DCBL which were earlier rejected by Arbitral Tribunal, have to be considered de novo. BG has filed an appeal before the Division Bench of the Hon'ble Delhi High Court against the Judgement. Base [Showing first 8,000 characters — download PDF for full document]