JK Lakshmi Cement Limited has disclosed receiving significant relief from GST authorities in a case involving alleged wrongful availment of Input Tax Credit (ITC). The company made this disclosure under Regulation 30 of the SEBI Listing Regulations on 01st April 2026.

GST Case Details and Timeline

The GST matter originated with a Show Cause Notice dated 18th September 2025, which alleged wrongful availment of Input Tax Credit amounting to ₹263.84 lakh. The notice covered the period from April 2019 to March 2023, spanning four financial years from FY 2019-20 to 2022-23.

Following the adjudication process, the Office of Additional Commissioner, Jodhpur, Jaipur, CBIC, Rajasthan issued an order dated 24th March 2026, which was received by the company on 31st March 2026.

Significant Demand Reduction

The adjudication resulted in substantial relief for the cement manufacturer:

The GST Department dropped the substantial portion of the demand aggregating to ₹252.32 lakh, representing over 95% of the original claim. However, a demand of ₹11.52 lakh along with an equivalent penalty has been upheld by the authorities.

Company's Response and Next Steps

JK Lakshmi Cement has indicated that it is in the process of filing an appeal against the disallowance of ₹11.52 lakh. The company has stated that there are no expected financial implications from this matter, suggesting confidence in its position regarding the remaining disputed amount.

The GST Department's action related to the disallowance of excess Input Tax Credit, though the company appears to have successfully defended the majority of its position during the adjudication process.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30(13) of the SEBI Listing Regulations, which requires listed companies to inform stock exchanges about communications from regulatory, statutory, enforcement, or judicial authorities. The company secretary, Amit Chaurasia, certified that the information provided was true, correct, and complete to the best of his knowledge and belief.

JK Lakshmi Cement Limited has been officially declared as the 'Preferred Bidder' for the Mining Lease for New Umrangso Limestone Block in Assam, following an e-auction conducted by the Government of Assam. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, through a regulatory filing.

Official Declaration Details

The formal announcement was communicated to both stock exchanges, confirming the company's successful participation in the government-conducted e-auction process. The acquisition details are outlined below:

Strategic Significance for Raw Material Security

Limestone serves as a crucial raw material in cement manufacturing, and securing access to quality limestone reserves is essential for maintaining production efficiency. The 200-hectare New Umrangso limestone block provides JK Lakshmi Cement with enhanced raw material security and supports the company's manufacturing requirements in the northeastern region.

Regulatory Compliance and Documentation

The disclosure was made by Company Secretary through official channels to both stock exchanges, ensuring full compliance with listing requirements. This acquisition strengthens the company's mineral resource portfolio and establishes a stronger presence in Assam's industrial landscape, offering long-term raw material availability for sustained operations.