JK Lakshmi Cement Limited received GST order imposing tax demand of ₹179.19 Lakhs and penalty for disallowed Input Tax Credit under Regulation 30 dated 01 May 2026

1 min read     Updated on 02 May 2026, 05:56 PM
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JK Lakshmi Cement Limited has disclosed receipt of a GST order from the Office of the Joint Commissioner of State Tax, Durg Division, Chhattisgarh, dated 30 April 2026. The order, issued under section 74 of the Goods and Services Tax Act, 2017, has raised a total demand of ₹391.84 Lakhs for the financial year 2023-24, comprising tax demand of ₹179.19 Lakhs, interest of ₹33.46 Lakhs, and penalty of ₹179.19 Lakhs. The demand follows the disallowance of Input Tax Credit by the GST Department. The company has stated it will file an appeal before the Appellate Authority and confirmed there is no material impact on its financial, operational, or other activities due to this order.

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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
-1.34%-8.38%-8.02%-23.06%-28.29%+23.90%

What are the potential outcomes if JK Lakshmi Cement's appeal to the Appellate Authority is unsuccessful?

Could this GST order indicate broader compliance issues that might affect other cement companies in Chhattisgarh?

How might this GST dispute impact JK Lakshmi Cement's input tax credit strategies for FY 2024-25?

JK Lakshmi Cement Submits Q4FY26 SEBI Compliance Certificate for Depositories Regulations

1 min read     Updated on 08 Apr 2026, 01:26 AM
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JK Lakshmi Cement Limited filed its Q4FY26 compliance certificate under SEBI Depositories Regulations on 7th April 2026. The certificate, prepared by registrar MCS Share Transfer Agent Limited, confirms adherence to dematerialization requirements for the quarter ended 31st March 2026. The documentation was submitted to National Securities Depository Ltd. and Central Depository Service (India) Ltd., with copies sent to BSE and NSE where the company's shares are listed under codes 500380 and JKLAKSHMI respectively.

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JK Lakshmi Cement Limited has submitted its quarterly compliance certificate under SEBI Depositories Regulations for the quarter ended 31st March 2026. The certificate was filed on 7th April 2026 by Company Secretary Amit Chaurasia, ensuring adherence to regulatory requirements for dematerialization processes.

Regulatory Compliance Certificate

The compliance certificate was prepared under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. MCS Share Transfer Agent Limited, serving as the company's registrar and share transfer agent, issued the confirmation letter dated 2nd April 2026, certifying compliance with the specified regulations.

Parameter: Details
Reporting Period: Quarter ended 31st March 2026
Filing Date: 7th April 2026
Registrar: MCS Share Transfer Agent Limited
Regulation: SEBI (Depositories and Participants) Regulations, 2018

Certification Details

MCS Share Transfer Agent Limited confirmed compliance with two key requirements for the quarter ended 31st March 2026:

  • Securities received for dematerialization were properly listed on stock exchanges where the company's earlier issued securities are already listed
  • Physical certificates were duly verified, mutilated, and cancelled, with the depository's name substituted as the registered owner in company records

The registrar certified that all dematerialization processes were completed within the mandatory 15-day period from receipt of securities.

Regulatory Submissions

The compliance certificate was submitted to both major depositories in India. National Securities Depository Ltd. received the documentation at their Bandra Kurla Complex office, while Central Depository Service (India) Ltd. was notified at their Lower Parel location in Mumbai.

Recipient: Location
National Securities Depository Ltd.: Naman Chamber, Bandra Kurla Complex, Mumbai
Central Depository Service (India) Ltd.: Marathon Futurex, Lower Parel, Mumbai
BSE Ltd.: Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai
National Stock Exchange of India Ltd.: Exchange Plaza, Bandra-Kurla Complex, Mumbai

Stock Exchange Information

Copies of the compliance certificate were also forwarded to the stock exchanges where JK Lakshmi Cement's shares are listed. The company trades on BSE Ltd. under security code 500380 and on National Stock Exchange of India Ltd. under the symbol JKLAKSHMI in the equity series.

The quarterly compliance filing demonstrates the company's commitment to maintaining regulatory standards and ensuring proper dematerialization processes for investor securities. This routine regulatory submission helps maintain transparency in the company's share transfer and depository operations.

Historical Stock Returns for JK Lakshmi Cement

1 Day5 Days1 Month6 Months1 Year5 Years
-1.34%-8.38%-8.02%-23.06%-28.29%+23.90%

Will JK Lakshmi Cement's consistent regulatory compliance improve its ESG ratings and attract more institutional investors in 2026?

How might the cement industry's digitization trends affect JK Lakshmi's future dematerialization volumes and operational efficiency?

Could JK Lakshmi Cement consider switching to alternative registrar services to reduce compliance costs or improve processing times?

More News on JK Lakshmi Cement

1 Year Returns:-28.29%