JK Lakshmi Cement Limited disclosure of GST order imposing penalty and tax demand of ₹391.84 Lakhs under Regulation 30 dated 01 May 2026

1 min read     Updated on 01 May 2026, 08:07 PM
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JK Lakshmi Cement Limited received a GST order dated 30 April 2026 from the Office of the Joint Commissioner of State Tax, Durg Division, Chhattisgarh, imposing a total demand of ₹391.84 Lakhs comprising tax of ₹179.19 Lakhs, interest of ₹33.46 Lakhs, and penalty of ₹179.19 Lakhs for FY 2023-24 due to disallowed Input Tax Credit. The company will file an appeal and stated there is no material impact on its financial or operational activities.

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JK Lakshmi Cement Limited has disclosed receipt of an order from the Office of the Joint Commissioner of State Tax, Durg Division, Chhattisgarh, dated 30 April 2026. The communication was received under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and pertains to an order issued under section 74 of the Goods and Services Tax Act, 2017.

Order Details

The GST order has raised a demand against the company for the financial year 2023-24. The order follows the disallowance of Input Tax Credit by the GST Department. The company has stated that it is in the process of filing an appeal before the Appellate Authority against the said order.

Component Amount
Tax Demand ₹179.19 Lakhs
Interest ₹33.46 Lakhs
Penalty ₹179.19 Lakhs
Total ₹391.84 Lakhs

Financial Impact and Company Response

According to the disclosure, there is no material impact on the financial, operational, or other activities of the company due to this order. The expected financial implications on the listed company have been stated as NIL. The company has confirmed that it will challenge the order through the appellate process.

The disclosure was made by Amit Chaurasia, Company Secretary of JK Lakshmi Cement Limited, in compliance with Regulation 30(13) of the SEBI Listing Regulations. The company has assured that the information provided in Form A is true, correct, and complete to the best of its knowledge and belief.

Historical Stock Returns for JK Lakshmi Cement

1 Day5 Days1 Month6 Months1 Year5 Years
-1.60%-2.25%+9.95%-24.03%-19.41%+60.63%

What precedent could this GST ruling set for other cement companies' Input Tax Credit claims in Chhattisgarh?

How might prolonged GST disputes affect JK Lakshmi Cement's working capital management and cash flow in upcoming quarters?

Will this case prompt the company to revise its tax compliance processes or seek external tax advisory services?

JK Lakshmi Cement Announces Special Window for Physical Securities Transfer and KYC Campaign

2 min read     Updated on 01 May 2026, 06:05 PM
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JK Lakshmi Cement announced a special window for physical securities transfer and dematerialisation from February 5, 2026 to February 4, 2027, following SEBI guidelines for securities purchased before April 1, 2019. The company also launched the Second 100 Days Campaign "Saksham Niveshak" from April 1 to July 9, 2026, for KYC updates and preventing unclaimed dividend transfers to IEPF. Transferred securities will remain under one-year lock-in with restrictions on transfer, lien marking, or pledging.

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JK Lakshmi Cement has announced two significant initiatives aimed at facilitating investor services and compliance requirements. The company issued a formal notice on May 1, 2026, outlining a special window for physical securities transfer and a comprehensive KYC update campaign.

Special Window for Physical Securities Transfer

Following SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026, the company has opened a special window for transfer and dematerialisation of physical securities. This initiative addresses the needs of investors who purchased securities prior to April 1, 2019.

Parameter: Details
Window Period: February 5, 2026 to February 4, 2027
Eligible Securities: Physical securities sold/purchased prior to April 1, 2019
Transfer Mode: Mandatory demat credit only
Lock-in Period: One year from transfer registration date
Restrictions: No transfer, lien marking, or pledging during lock-in

The special window also accommodates transfer requests that were previously rejected, returned, or unattended due to document deficiencies or procedural issues. Transfer requests submitted after February 4, 2027 will not be accepted by the company or its Registrar and Transfer Agent (RTA).

Second 100 Days Campaign - "Saksham Niveshak"

JK Lakshmi Cement has initiated the Second 100 Days Campaign "Saksham Niveshak" running from April 1, 2026 to July 9, 2026. This campaign focuses on KYC updates and shareholder engagement to prevent transfer of unpaid or unclaimed dividends to the Investor Education and Protection Fund (IEPF).

Campaign Details: Information
Campaign Name: Second 100 Days Campaign "Saksham Niveshak"
Duration: April 1, 2026 to July 9, 2026
Target Shareholders: Those with unclaimed dividends or incomplete KYC
RTA Contact: MCS Share Transfer Agent Ltd.
Phone Numbers: 011-41406149 / 41406150 / 41406151
Email: admin@mcsregistrars.com

Shareholder Action Items

Shareholders are encouraged to take specific actions based on their holding patterns:

  • Physical Share Holders: Contact the company's RTA to complete transfer procedures and update KYC requirements including email addresses and bank account details
  • Demat Share Holders: Approach their respective Depository Participants for KYC updates
  • Unclaimed Dividend Holders: Write to the RTA to complete procedures as advised

Company Contact Information

The company's RTA, MCS Share Transfer Agent Ltd., is located at 179-180, DSIDC Shed, 3rd Floor, Okhla Industrial Area, Phase - 1, New Delhi - 110020. Shareholders can access detailed procedures and SEBI circular information on the company's website at www.jklakshmicement.com under other filings with stock exchange section.

The notice was signed by Amit Chaurasia, Company Secretary, and published in Financial Express on May 1, 2026, ensuring wide dissemination of this important information to all stakeholders.

Historical Stock Returns for JK Lakshmi Cement

1 Day5 Days1 Month6 Months1 Year5 Years
-1.60%-2.25%+9.95%-24.03%-19.41%+60.63%

How might the one-year lock-in period for transferred physical securities impact JK Lakshmi Cement's stock liquidity and trading volumes?

What potential challenges could arise if a significant number of shareholders fail to complete the KYC updates before the July 2026 deadline?

Could this initiative signal broader regulatory changes across the cement sector regarding investor compliance requirements?

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1 Year Returns:-19.41%