Dalmia Cement (Bharat) Limited (DCBL), a wholly-owned subsidiary of Dalmia Bharat Limited, has received an Order in Appeal from the Commissioner (Appeals), GST, CX & Customs, Bhubaneshwar Commissionerate, Odisha. This order pertains to a demand of service tax for AY 2016-17 and 2017-18 concerning the levy of tax on the grant of a license by the State for drawing and using natural river water for industrial use. The order imposes a demand of ₹10,59,250 in tax and ₹10,69,250 in penalty, totaling ₹21,28,500. DCBL intends to contest this order and will file an appeal before the Appellate Authority (CESTAT) within the prescribed timelines. The company believes it has good grounds for appeal and has stated that the order does not have a major financial impact, being limited to the aforementioned tax and penalty amounts. The order was received on December 27, 2025.