Saurashtra Cement Limited received a show cause notice of ₹2.07 crore from Mumbai GST authorities regarding excess Input Tax Credit (ITC) claims for FY23.

The notice was issued on September 25, 2026, by the Office of the Deputy Commissioner of State Tax, Zone-IV, Mumbai, under Section 73 of the CGST Act, 2017 and the Maharashtra GST Act, 2017. The demand pertains to excess ITC claimed in GSTR-3B/9 filings during the fiscal year 2022-23.

Regulatory Demand Details

The company is required to respond to the Deputy Commissioner of State Tax by October 23, 2026. The total quantum of the claim stands at ₹2,06,93,890 (Rupees Two Crore Six Lakhs Ninety Three Thousand Eight Hundred Ninety Only).

Company Response and Financial Impact

Saurashtra Cement stated that it assesses the demand as not maintainable. The company is currently evaluating the matter and will submit its reply within the prescribed time period. Management indicated that it does not envisage any relevant impact on the financials, operations, or other activities of the company arising from this notice.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III, ensuring transparency regarding material litigations and disputes.

Saurashtra Cement Limited announced that Sonali Sanas has resigned from her position as Company Secretary and Compliance Officer, effective September 25, 2026. The departure follows her transition to the role of Chief Executive Officer of the company's Paints Division.

The Board of Directors approved the resignation during a meeting held on August 6, 2026. Sanas continued to serve in her previous capacity until September 24, 2026, ensuring a structured handover before ceasing to hold office as Key Managerial Personnel (KMP).

Regulatory disclosures

The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure confirms that the reason for the change is resignation due to an internal role transition rather than external factors.

Governance implications

The move highlights an internal promotion strategy within the Mehta Group, where Sanas moves from a compliance-focused KMP role to a operational leadership position within a specific business vertical. The filing includes details mandated by the SEBI Master Circular dated January 30, 2026, alongside a copy of the resignation letter submitted by Sanas.