ACC Limited , a prominent player in the Indian cement industry, has announced a significant change in its senior management. Navin Malhotra, who held the position of Chief Sales & Marketing Officer and was part of the company's Senior Management Personnel, has tendered his resignation.

Key Details of the Resignation

Impact on ACC Limited

The departure of Navin Malhotra is expected to have implications for ACC Limited's senior management structure. As a key member of the leadership team, Malhotra was responsible for overseeing the company's sales and marketing operations. His exit may lead to a reorganization of these crucial functions within the organization.

Company's Disclosure

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ACC Limited has formally disclosed this change in Senior Management Personnel. The company's disclosure, dated December 6, 2025, provides the following additional information:

The company has not announced an immediate replacement for the position.

Looking Ahead

As ACC Limited navigates this transition in its senior leadership, stakeholders will be keen to observe how the company manages its sales and marketing functions in the interim. The appointment of a new Chief Sales & Marketing Officer, when announced, will be closely watched for indications of any potential shifts in the company's market approach or strategic direction.

This development comes at a time when the cement industry in India is facing various challenges and opportunities, including infrastructure growth, environmental regulations, and evolving market dynamics. How ACC Limited adapts its sales and marketing strategies in light of this leadership change could play a crucial role in its market positioning and performance in the coming years.

ACC Limited , a prominent cement manufacturer, has received a Goods and Services Tax (GST) demand order from the Additional Commissioner CGST Panchkula for Rs 5.12 crore, along with a penalty of Rs 51.24 lakh. The order pertains to disallowed excess Input Tax Credit (ITC) claims in the company's GSTR-3B return.

Details of the GST Demand Order

The demand includes both Central GST (CGST) and State GST (SGST) components, each amounting to Rs 2,56,18,343. Additionally, interest will be applicable on the demand under Section 50 of the CGST/HGST Act, 2017, read with Section 20 of the IGST Act, 2017.

Company's Response

ACC Limited has stated its intention to contest the order by filing an appeal before the Commissioner of Income Tax (Appeals) within the prescribed timeline. The company maintains that it does not foresee any material impact on its financial or operational activities due to this development.

Financial Context

To provide context on ACC Limited's financial position, here's a snapshot of key balance sheet items:

The company's financial position, with total assets of Rs 24,923.00 crore as of March 2025, suggests that it may be well-equipped to handle the GST demand, should the appeal not be successful.

Implications and Outlook

While ACC Limited is contesting the order, this situation highlights the importance of accurate GST compliance for large corporations. The case also underscores the scrutiny that tax authorities are applying to Input Tax Credit claims.

As the company proceeds with its appeal, stakeholders will be watching closely to see how this issue is resolved and whether it could have any implications for ACC Limited's tax strategies or financial reporting practices.

ACC Limited maintains that this development will not significantly impact its operations or financial health. However, the outcome of the appeal process and any potential precedent it might set for the industry will be of interest to investors and industry observers alike.