Shree Cement Limited has informed stock exchanges about the dismissal of its appeal by the Commissioner (Appeals), CE & CGST, Jodhpur, resulting in the reinstatement of a penalty related to Cenvat Credit violations. The company disclosed this development under Regulation 30 of SEBI listing regulations on April 30, 2026, following an earlier intimation dated February 4, 2025.

Appeal Dismissal Details

The Commissioner (Appeals), CE & CGST, Jodhpur dismissed the appeal filed by Shree Cement against a demand order passed by the Assistant Commissioner, Pali Division, Rajasthan. The dismissal was made for technical reasons, which has resulted in the reinstatement of the original penalty.

Nature of Violation

The penalty stems from allegations of wrong availment of Cenvat Credit by the company. Cenvat Credit is a mechanism that allows manufacturers to claim credit for duties paid on inputs used in the production process. The Assistant Commissioner, Pali Division, Rajasthan had originally passed the demand order imposing the penalty for this violation.

Financial Impact Assessment

Shree Cement has assessed that the order will have no major financial impact on the company's operations. The penalty amount of Rs. 3,59,831, while significant in absolute terms, appears manageable for the cement manufacturer given its scale of operations.

Company's Response Strategy

The company is currently reviewing the dismissal order and consulting with legal advisors to determine the appropriate course of action. Shree Cement has indicated that it is evaluating next steps, which may include filing an appeal before the Tribunal. The disclosure was made through official communication to both NSE and BSE, signed digitally by Company Secretary S.S. Khandelwal.

The company's proactive approach in consulting legal experts suggests it may challenge the dismissal through available appellate mechanisms. This regulatory disclosure demonstrates Shree Cement's commitment to transparency in keeping shareholders informed about material developments affecting the company.

Shree Cement Limited has issued a revised intimation for its conference call to discuss Q4FY26 financial results for the quarter ended March 31, 2026. The company announced that the earlier intimation dated April 22, 2026, contained a non-functional registration link, prompting this corrected communication.

Conference Call Schedule

The earnings conference call is scheduled for Wednesday, May 6, 2026, at 5:30 PM IST and will be hosted by ICICI Securities. The call will focus on the company's financial performance for the quarter ended March 31, 2026.

Management Participation

Senior management representatives will present and discuss the Q4FY26 results during the conference call:

Access Information

Participants can join the conference call using universal access numbers +91 22 6280 1144 and +91 22 7115 8045 for domestic participants. International participants have access to toll-free numbers across multiple countries:

Contact Details

For coordination and clarifications regarding the conference call, participants can contact the designated ICICI Securities team:

Primary Coordinators:

• Mr. Jaideep Goswami, Head of Equities: jaideep.goswami@icicisecurities.com
• Mr. Navin Sahadeo: +91 22 6807 7622, navin.sahadeo@icicisecurities.com

Additional Support:

• Mr. Rushad Kapadia: +91 22 6807 7334, rushad.kapadia@icicisecurities.com
• Ms. Seema Sehgal: +91 9871116926, seema.sehgal@icicisecurities.com
• Ms. Minali Ginwala: +91 22 6807 7454, minali.ginwala@icicisecurities.com

Regulatory Compliance

The revised intimation was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was digitally signed by S.S. Khandelwal, Company Secretary, and dated April 22, 2026. The conference call provides an opportunity for investors, analysts, and stakeholders to engage with the company's management following the release of quarterly financial results.