Shree Cement Limited has received a demand order from Punjab tax authorities totaling ₹80.79 lakh, comprising tax demand, interest, and penalty components. The cement manufacturer disclosed this development to stock exchanges in compliance with regulatory requirements.

GST Demand Order Details

The Excise & Taxation Officer, State Tax, Mohali, Ropar, Punjab issued a demand order in Form GST DRC-07 against the company. The order pertains to alleged violations in Input Tax Credit availment.

Nature of Alleged Violation

The tax authorities have alleged wrong availment of Input Tax Credit by the company. This forms the basis for the demand order issued under GST regulations. The company has indicated that it does not agree with the contentions raised by the authorities.

Company's Response and Financial Impact

Shree Cement has stated that the order will have no major financial impact on the company's operations. The management has expressed disagreement with the allegations.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information was submitted to both National Stock Exchange of India Limited and BSE Limited as part of the company's ongoing compliance obligations.

This development represents a tax matter that the company may contest through appropriate legal channels.

Shree Cement Limited , a prominent player in the Indian cement industry, has received an updated Goods and Services Tax (GST) demand order from the tax authorities in Bihar. The company disclosed this information in a regulatory filing to the stock exchanges, in compliance with SEBI regulations.

Updated GST Demand Details

According to the latest disclosure, the Deputy Commissioner of State Tax, Special Circle, Patna, Bihar, issued a demand order in Form GST DRC-07. The order was received on December 26, 2025, and breaks down the total amount as follows:

The authorities have cited valuation issues and excess Input Tax Credit (ITC) availed as the primary reasons for issuing this demand order.

Company's Response and Appeal Timeline

Shree Cement has stated that it does not agree with the contentions raised in the demand order. The company plans to file an appeal under Section 107 of the Bihar GST Act against this order. The deadline for filing the appeal has been set for March 25, 2026, which is within three months from the date of communication of the order.

Financial Impact Assessment

In its regulatory disclosure, Shree Cement has maintained that the GST demand order has "no major financial impact on the Company." This statement indicates the company's confidence in challenging the demand through appropriate legal channels and suggests minimal anticipated impact on its financial position.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015. The filing was signed by Company Secretary S.S. Khandelwal and submitted to both NSE and BSE.

As the appeal process unfolds, stakeholders will monitor developments in this regulatory matter and any potential implications for the company's operations in Bihar.