Shree Cement Limited has received an upgrade in its Environmental, Social and Governance (ESG) rating score from CARE ESG Ratings Limited. The development was disclosed to the stock exchanges on 13th May, 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

ESG Rating Upgrade Details

CARE ESG Ratings Limited, through a letter dated 12th May, 2026, upgraded Shree Cement's ESG rating score while maintaining its existing rating symbol. The key details of the rating action are presented below:

Factors Behind the Upgrade

According to the disclosure, the upgrade in ESG score reflects the company's continued strengthening across key areas of its business operations. The rating agency highlighted the following drivers behind the improved score:

• Strengthening of sustainability practices
• Improvement in operational efficiency
• Enhanced governance oversight across business operations

Regulatory Disclosure

The intimation was submitted to both the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by S.S. Khandelwal, Company Secretary of Shree Cement Limited, on 13th May, 2026. Shree Cement's corporate office is located at DLF Epitome, Building No. 5, Tower B, 9th Floor, DLF Cyber City, Gurugram, Haryana, while its registered office is situated at Bangur Nagar, Beawar, Rajasthan.

Shree Cement Limited disclosed, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that it has received a GST demand order from the Assistant Commissioner, Central GST & Central Excise, Pali. The order was received on 11th May, 2026, and the disclosure was submitted to the stock exchanges on 12th May, 2026.

Details of the GST Demand Order

The demand order requires Shree Cement to pay service tax of ₹39,19,286 along with applicable interest and an equivalent penalty. The alleged violation pertains to non-payment of service tax. The following table summarises the key details of the demand order as disclosed by the company:

Company's Response and Financial Impact

Shree Cement has stated that the demand order does not have a major financial impact on the company. The company has indicated that it does not agree with the contentions imposing the demand and believes it has a strong case on merits. Accordingly, the company intends to file an appeal under Section 85 of the Finance Act, 1994, before the Commissioner (Appeals) within 2 months from the date of receipt of the order.

The disclosure was made by Company Secretary S.S. Khandelwal on behalf of Shree Cement Limited.