NSEGeneral Updates28 Jul 2026 · 28 Jul 2026, 05:24 pm
General Updates
Dalmia Bharat Limited · DALBHARAT
✦ AI SummaryInsolvency
Dalmia Bharat Limited's subsidiary, Dalmia Cement (Bharat) Limited, has been identified as the successful resolution applicant for Bhilai Jaypee Cement Limited under the Corporate Insolvency Resolution Process. The resolution plan has been approved by the Committee of Creditors, and a Letter of Intent has been received from the Resolution Professional.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk8/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10
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Identification of Company s subsidiary as Successful Resolution Applicant for Bhilai Jaypee Cement Limited and issuance of Letter of Intent thereof by the Resolution Professional
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1010/02 July 28, 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
Sub: Identification of Company’s subsidiary as Successful Resolution Applicant for Bhilai
Jaypee Cement Limited and issuance of Letter of Intent thereof by the Resolution
Professional
Ref: Regulation 30 of the SEBI (LODR) Regulations 2015 ("Listing Regulations")
Dear Sir/Madam,
We wish to inform that the resolution plan submitted by Dalmia Cement (Bharat) Limited (“DCBL”),
a wholly owned material subsidiary of the Company, for Bhilai Jaypee Cement Limited (“BJCL”)
under the Corporate Insolvency Resolution Process (“CIRP”) of the Insolvency and Bankruptcy
Code, 2016, has been approved by the Committee of Creditors of BJCL and DCBL has received a
Letter of Intent (“LOI”) from the Resolution Professional today i.e. on July 28, 2026.
BJCL owns a 2.2 MnTPA Grinding Unit in Bhilai (Chhattisgarh) along with a 1.1 Mn TPA Clinker Unit
at Babupur (Madhya Pradesh). The transaction is subject to the approval of the resolution plan by
the National Company Law Tribunal, Cuttack and other regulatory authorities.
Kindly take the same on record.
Thanking you,
Yours sincerely,
For Dalmia Bharat Limited
Rajeev Kumar
Company Secretary