UltraTech Cement Limited has informed stock exchanges about receiving two orders from GST authorities in Haryana, with combined financial implications of ₹52.46 lakh. The cement major disclosed this development on December 31, 2025, under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements.

GST Authority Orders Overview

The company received both orders from the Superintendent, Central Goods and Services Tax, Bhiwani, Haryana on December 31, 2025. The orders address separate GST-related matters involving different aspects of tax compliance.

Nature of Alleged Violations

The first order pertains to supplies made to a GST registered customer who was later deemed non-existent by the GST Department. This resulted in a confirmed penalty of ₹13.05 lakh against the company.

The second order involves more complex compliance issues related to Input Tax Credit (ITC) claims. The allegations include:

• ITC availed from vendors whose GST registration was cancelled retrospectively
• ITC claimed from vendors who allegedly failed to file their GSTR-3B returns

This order carries a tax demand of ₹17.21 lakh, applicable interest, and an equal penalty amount of ₹17.21 lakh.

Company's Response and Financial Impact

UltraTech Cement has indicated its intention to contest both demands through appropriate legal channels. The company's management has assessed that these orders are not expected to have any material financial impact on its operations.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of SEBI's listing regulations, which requires listed companies to inform exchanges about material events. The company filed the information with both BSE Limited and The National Stock Exchange of India Limited, along with international exchanges where its securities are listed.

The cement manufacturer's proactive disclosure demonstrates adherence to transparency requirements, even as it prepares to challenge the GST authorities' determinations through established legal processes.

UltraTech Cement Limited has disclosed receiving two significant orders from GST authorities in Tamil Nadu, with mixed outcomes that largely favor the cement manufacturer. The company informed stock exchanges about orders received from the Assistant Commissioner, State Goods and Services Tax, Trichy, Tamil Nadu.

First GST Order Details

The first order delivered substantial relief to UltraTech Cement, with authorities dropping major tax demands and penalties. The order addressed matters involving alleged delayed payment of tax and interest.

Second GST Order Outcome

The second order related to matters concerning default by suppliers in payment and deposit of GST, with authorities dropping the majority of demands while upholding smaller amounts.

Company's Response and Financial Impact

UltraTech Cement has indicated its intention to contest the upheld demands in the second order. The company has assessed that neither order will have any material financial impact on its operations. For the first order, the company confirmed it will pay the minimal penalty of ₹54,641 that was upheld by the authorities.

The orders were received on December 27, and UltraTech Cement promptly disclosed the information to BSE Limited and The National Stock Exchange of India Limited in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The disclosure demonstrates the company's commitment to maintaining transparency with stakeholders regarding regulatory matters.

In summary, UltraTech Cement received GST orders from Tamil Nadu authorities, with major tax demands of ₹133.48 crores and ₹24.85 crores dropped, though some penalties remain upheld.