Heidelberg Cement India Limited has reported to stock exchanges that it received no requests for re-lodgement of physical share transfer forms during February 2026. The company made this disclosure in compliance with SEBI regulations regarding monthly reporting of physical share transfer activities.

Regulatory Compliance

The disclosure was made pursuant to SEBI circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 02, 2025, which established a special window for re-lodgement of transfer requests in physical form. Companies are required to provide monthly updates on such activities to maintain transparency with investors and regulatory authorities.

Transfer Request Status

M/s. Integrated Registry Management Services Private Limited, the company's appointed Registrar and Share Transfer Agent (RTA), confirmed that no physical share transfer requests were received during February 2026. The complete absence of such requests resulted in zero processing activity for the month.

Company Communication

The notification was signed by Ravi Arora, Vice President- Corporate Affairs & Company Secretary, and submitted to both BSE Limited and National Stock Exchange of India Limited on March 31, 2026. The company trades on BSE under scrip code 500292 and on NSE under the symbol HEIDELBERG.

Background Context

This monthly reporting requirement forms part of SEBI's ongoing efforts to monitor and facilitate the transfer of shares held in physical form. The special window mechanism allows shareholders to re-lodge transfer requests that may have been previously rejected or require reprocessing, ensuring investor protection and market integrity.

HeidelbergCement India Limited has informed stock exchanges about receiving a significant GST order from tax authorities, marking a regulatory development that the company plans to challenge through legal channels.

GST Authority Order Details

The cement manufacturer received Order No. GST DRC-76/AC/DRC-07/DAMOH/25-26 dated March 28, 2026, from the Assistant Commissioner, CGST Division Damoh. The company was notified of this order on March 28, 2026, at 7:20 PM, as disclosed in its regulatory filing.

Financial Implications

The GST order carries substantial financial implications for HeidelbergCement India, with the total demand including both tax liability and penalties.

Company's Response and Impact Assessment

HeidelbergCement India has maintained that the GST order will not materially affect its financial position or operational activities. The company's management has indicated they are conducting a comprehensive review of the order to evaluate all available legal remedies.

Key aspects of the company's response include:

• No material impact expected on company financials
• No anticipated effect on operational activities
• Comprehensive legal review currently underway
• Plans to contest the order through appropriate channels

Regulatory Compliance

The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under Clause 20 of Para A of Part A of Schedule III. The company has also published this information on its corporate website to ensure transparency with stakeholders.

The order was issued under multiple sections of the IGST Act, 2017, read with corresponding provisions of the MPGST Act, 2017, indicating the comprehensive nature of the tax authority's assessment.