The Board of Dalmia Bharat at its meeting held on 26 May 2023 has appointed Paul Heinz Hugentobler (DIN00452691) and Anuradha Mookerjee (DIN 10174271) as Independent Director(s) of the Company. The appointments shall take effect from 01 July 2023, after approval of the shareholders.

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Dalmia Bharat has completed the sale of its entire investment of 1,87,23,743 equity Shares of Rs. 10 each (42.36% of share capital) of Dalmia Bharat Refractories (DBRL), an associate company, at a consideration of Rs. 800 Crore to Sarvapriya Healthcare Solutions (Sarvapriya), a promoter group Company.

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Dalmia Cement (Bharat) (DCBL), the wholly owned subsidiary of Dalmia Bharat has executed the definitive agreements with Jaiprakash Associates with respect to the following:

a) The agreement for acquisition of JP Super with an enterprise value of Rs 1500 crore and costs and expenses upto Rs.190 crore, subject to actuals, for various clearances and approvals related to the JP Super plant and mines and the agreement is subject to fulfilling certain conditions precedent including the final outcome of the pending arbitration between Jaiprakash Associates and Ultratech Cement;

b) The Share Purchase Agreement (SPA) for acquisition of 74% shareholding of Bhilai Jaypee Cement (BJCL) for an enterprise value of Rs 666 crore, and the SPA is subject to fulfilment of certain conditions precedent.

c) DCBL has also signed a Long-Term Lease Agreement (having a term of seven years) with Jaiprakash Power Ventures (JPVL) for its Nigrie Cement Grinding Unit of 2 Million MTPA (Nigrie Unit) located at Singrauli in the State of Madhya Pradesh, which is subject to fulfillment of certain conditions precedent. DCBL has an option to purchase the Nigrie Unit anytime within the lease period at an enterprise value of Rs.250 crore.

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Dalmia Bharat announced that the Board of Directors of the Company at its meeting held on 25 April 2023, inter alia, have recommended the final dividend of Rs 5 per equity Share (i.e. 250%) , subject to the approval of the shareholders.

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