Shree Cement disclosed that the Additional Commissioner (Appeals), SGST, Patna has dismissed its appeal against a demand order passed by the Deputy Commissioner, State Tax, Patna. The dismissal was due to technical reasons, which has resulted in the reinstatement of the tax demand including interest and penalty. The company received the orders on June 23, 2026, and stated that the authority did not consider the facts and averments submitted. Consequently, Shree Cement intends to file an appeal before the GST Appellate Tribunal under Section 112 of the Bihar GST Act, 2017.

The authority identified violations related to valuation as well as excess Input Tax Credit (ITC) availed. Two separate orders were issued, both dated June 23, 2026, reinstating significant demands. The company asserts that there is no major financial impact resulting from these orders.

Breakdown of Demands

The following table details the financial implications of the reinstated demands as per the disclosure:

The first order reinstates a tax demand of Rs. 23,55,71,668 along with interest of Rs. 15,19,43,725 and a penalty of Rs. 2,35,57,166. The second order involves a tax demand of Rs. 14,93,09,708, with interest of Rs. 9,18,25,472 and a penalty of Rs. 1,49,30,971. Shree Cement remains committed to pursuing the matter before the Appellate Tribunal based on the merits of the case.

shree cement witnessed a notable block trade on the National Stock Exchange (NSE), with the transaction valued at ₹59.70 crores. The deal involved approximately 25,495 shares executed at a price of ₹23415.00 per share, signalling significant institutional participation in the stock.

Block Trade Details

The following table summarises the key parameters of the block trade recorded on the NSE:

Block trades are large-volume transactions typically executed by institutional investors and are reported separately from regular market activity. The trade in Shree Cement reflects a substantial single-window transaction at a defined price point on the NSE platform.