JK Maxx Paints, a wholly owned subsidiary of J K Cement , received a GST demand order from the Additional Commissioner of State Tax, Patna. The order, dated June 27, 2026, confirms a tax demand of Rs 49,512 along with applicable interest and a penalty of Rs 20,000. The demand arises from alleged wrong availment of Input GST that was not matched with GSTR 2B/2A in Acro Paints, a company that has since amalgamated with JK Maxx Paints.

Details of the Order

The regulatory communication was received by the company on June 27, 2026. While the order dropped a separate tax demand of Rs 33,32,100, it confirmed the lower demand of Rs 49,512. The authority cited a mismatch in Input GST availment as the reason for the confirmed demand.

Company Response and Impact

JK Maxx Paints stated that the contentions imposing the demand are not agreed upon and the company believes it has a strong case on merits. Consequently, the company plans to file an appeal before the GSTAT within three months from the date of receipt of the order. The company disclosed that the order does not have a major financial impact on its operations.

JK Cement Limited filed its Business Responsibility and Sustainability Report for the financial year 2025-26 with the stock exchanges. The filing includes the Independent Practitioners’ Reasonable Assurance Report on the BRSR Core Indicators provided by TUV India Private Limited. The report covers the company's environmental, social, and governance performance for the period ending March 31, 2026.

The company reported a turnover of ₹12945.34 Cr and a net worth of ₹6960.68 Cr for FY 2025-26. The disclosures are made on a standalone basis for JK Cement Limited, covering 13 established operational manufacturing units. The report excludes two recently merged units and the recently commissioned Buxar Grinding Unit.

Environmental Performance

JK Cement reported significant progress in its environmental sustainability metrics. The company achieved a water positivity level of 4.9 times, exceeding its previous performance. The green power mix reached 51.8% during the financial year, moving towards the target of 75% by 2030. The absolute Gross GHG Scope-1 & 2 emissions stood at 575 kg CO2/t cementitious material.

The company co-processed 298 kilo tonnes of plastic waste as Alternative Fuel and Raw Material (AFR) in FY 2025-26. This achievement resulted in a plastic-negative status, where the company processed more than nine times the amount of plastic waste introduced into the environment through its packaging. The Thermal Substitution Rate (TSR) increased to 11.97%.

Social and Governance Metrics

The company employed a total of 12,882 individuals, comprising 6,592 employees and 6,290 workers. Women accounted for 3% of the total workforce and 23% of the Board of Directors. The gross wages paid to females constituted 3.44% of the total wages paid by the entity.

JK Cement maintained a comprehensive grievance redressal mechanism for employees, workers, and consumers. There were zero reported cases of fines or penalties for bribery or corruption during the financial year. The company also reported zero data breaches and zero product recalls.

Strategic Initiatives and Targets

The company has set specific targets for 2030, including reducing Absolute Gross GHG Scope-1 & 2 emissions to 532 kg CO2/t cementitious material. Other targets include achieving 5 times water positivity and increasing the percentage of women in permanent employment to 5%. The company aims to provide 20 hours of training per employee by 2030.

The report confirms that JK Cement has implemented a Zero Liquid Discharge mechanism across its manufacturing facilities. The company is compliant with applicable environmental laws and regulations, with no reported non-compliances.