Dalmia Industrial Development Limited announced that SEBI had issued the show cause notice dated February 27, 2020 against the Company and other officers of the Company. SEBI has also passed an interim order dated September 27, 2017 directing the stock exchange (BSE Limited) to carry out Forensic Audit in the books and affairs of the Company. Further, the company announced that SEBI vide Order No.

WTM/AB/IVD/ID19/16060/2022-23 dated April 21, 2022 have passed final order in relation to the show cause notice and Interim order dated September 27, 2017 and have levied the monetary penalty against the Company and other officers along with other actions as provided in the said order. The Company is in process of filing an appeal against the Order with the relevant appellate authority and shall update good office about the same.