March 15, 2018

The Committee of Creditors (“CoC”) of Binani Cement Limited (“BCL”)
constituted in accordance with the provisions of the Insolvency and Bankruptcy Code 2016 (“Code”),
has approved the Resolution Plan (“RP”), for revival of BCL submitted by Rajputana Properties Private
Limited (“Rajputana”), a Dalmia Bharat Group entity. The Resolution Professional of BCL will now file
the RP to National Company Law Tribunal (NCLT) for its requisite approval. The Competition
Commission of India has already granted its approval to the proposed acquisition of the stressed asset
in the fastest and record time.

Our Resolution Plan has taken care of all stakeholders including employees, workmen & small traders.
The Resolution Plan envisages a disciplined investment criteria by Dalmia Bharat proposed to be
achieved through Rajputana becoming a joint venture (50:50) with India Resurgence Fund (backed by
Piramal & Bain). This is the first ever transaction where a foreign PE investor invested in the
undertaking referred under the Code.

BCL’s acquisition is the first billion-dollar transaction achieving the fastest resolution in a record period
of 233 days since its reference to NCLT in late July 2017.

BCL along with its subsidiaries, is having a global cement capacity of 11.25 million tonnes (“MnT”) with
capacity in Rajasthan, India at 6.25 MnT and overseas operations include a grinding unit in Dubai of 2
MnT & clinker facility of 3 MnT along with a 0.5 MnT of grinding unit in China.

This is the third cement company under the IBC code where Dalmia Bharat Group has received
approval of Resolution Plan, following Kalyanpur Cements Limited in January, 2018 and Murli
Industries Limited in December, 2017.

It is noteworthy that Resolution Professional and CoC have carried out the resolution process in the
most effective and expeditious manner.

Dalmia Bharat Limited
Dalmia Cement (Bharat) Limited (DBL) (BSE Code: 533309|NSE Symbol: DALMIABHA and listed in NSE)
is a leading player in cement manufacturing since 1939. It is one of the largest and most diverse
cement companies in India and is the world’s greenest cement company with lowest carbon footprint.
With a growing capacity currently pegged at 25 MnT, Dalmia Bharat Cement is also the fourth largest
manufacturing capacity in the country. Spread across 8 states and 11 manufacturing units, the
company is also the category leader in super-speciality cement used for oil wells, railway sleepers and
airstrips and is the country’s largest producer of slag cement. Visit us at

Media Contact
Dalmia Bharat
Rashika Kaul
Head, Corporate Communications
M: 098734 11525/ 011-43631285
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