About the Report

We present our tenth Integrated Annual Report for FY 2025-26, aligning our performance and strategy with the evolving business landscape. This report serves as a transparent communication medium, outlining how we assess and address significant Environmental, Social and Governance (ESG) impacts, risks, and opportunities, while sharing our progress with stakeholders.

We have transparently communicated our performance using the Integrated Reporting Framework since 2019 and the Business Responsibility and Sustainability Reporting (BRSR) framework since 2017.

Reporting Period

April 01, 2025 to March 31, 2026

Scope and Boundary

This report outlines activities consolidated for financial reporting, encompassing key aspects of our core operations and activities under operational control. The entities covered in our non-financial disclosures align with those listed in our financial statements. The scope includes 15 manufacturing locations such as Dalmia Bharat Limited’s plants across Dalmiapuram, Ariyalur, Sattur, Kadapa, Belgaum, Rajgangpur, Cuttack, Medinipur, Bokaro, Rohtas, Lumshnong, Lanka, Umrongso, Jagiroad and Chandrapur, along with all associated mines and offices, unless specified otherwise.

This report does not cover entities acquired under the Business Transfer Agreement with Jaiprakash Associates Limited subsequent to 31st March 2026.

Governed by Standards

Financial Reporting

Indian Accounting Standards (IND AS)
The Listing Obligations and Disclosure Requirements (LODR) prescribed by the Securities and Exchange Board of India (SEBI) Regulations of 2015
The Companies Act, 2013, along with the Rules framed thereunder and the Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI)

Non-financial Reporting

The Business Responsibility and Sustainability Reporting (BRSR) Guidelines issued by the Securities and Exchange Board of India (SEBI)
The Global Reporting Initiative (GRI) Standards 2021
Integrated Reporting Framework, now overseen by the IFRS Foundation through the International Sustainability Standards Board (ISSB) (formerly developed by the International Integrated Reporting Council (IIRC))
Sustainability Accounting Standards Board (SASB)
Global Cement and Concrete Association (GCCA) Sustainability Charter
The Companies Act, 2013, along with the Rules framed thereunder
Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI)
United Nations Sustainable Development Goals (SDGs)

About the Cover

The Kanyakumari Glass Bridge, featured on this year's cover, stands as a powerful symbol of connection, aspiration and progress. Linking the mainland to the iconic Vivekananda Rock Memorial, it embodies the spirit of a nation advancing with confidence while staying deeply anchored in its cultural heritage. Much like this bridge, Dalmia Bharat serves as a vital link between vision and execution, creating the foundations that support resilient infrastructure and sustainable development. As Bharat continues its transformative growth journey, we remain committed to building responsibly, innovating continuously and partnering sustainably for a stronger, greener and more prosperous future.

Anchored in Sustainability Commitments

Science Based Targets initiative (SBTi)

United Nations Sustainable Development Goals (UN SDGs)

Material Matters

The Integrated Report presents information that is material to our stakeholders and essential to our value creation process. It highlights how we strategically address these material topics, as evaluated by the Group’s Management, considering both financial impact and stakeholder significance, reflecting the principle of double materiality.

Key focus areas:

Circular Economy

Business Ethics, Compliance and Integrity

GHG Emissions and Climate Change

Customer Privacy and Data Protection

Capital-Based Value Creation

Our business model is supported by six capitals:

Financial

Natural

Manufactured

Human

Intellectual

Social and Relationship

New Strategies

Our strategic priorities are aligned with:

Become a Pan-India player

Generate Strong Returns and Maintain a Strong Balance Sheet

Deliver Measurable Sustainability Impact

Build Strong and High Performance Organisation

High Standards of Corporate Governance

Governance and Accountability

Our management remains accountable for the accuracy and reliability of the information disclosed in this report. It ensures that key risks and opportunities impacting the organisation and its stakeholders, demonstrating the organisation’s approach to leveraging opportunities while managing risks, are appropriately addressed.

The methodology and approach for Key Performance Indicators (KPIs) have been reviewed. As a result, figures presented for previous years may differ from those disclosed earlier.

The Management approved this Integrated Annual Report on May 23, 2026.

Responsible Approach

We adopt a precautionary approach to limit our environmental impact, continuously striving to reduce our overall ecological footprint.

Independent Assurance

Financial Information: Walker Chandiok & Co LLP
Non-financial Information: TUV India Pvt. Ltd.

Stakeholder Connect

For any queries or feedback, please reach out to: corpcomm@dalmiabharat.com

CORPORATE OVERVIEW

STATUTORY REPORTS

FINANCIAL STATEMENTS

OTHER DISCLOSURES