HeidelbergCement India Limited has informed the Exchange about GST Authority Order.
HEIDELBERG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HeidelbergCement India has received an order dated 28 March 2026 from the Assistant Commissioner, CGST Division Damoh, demanding IGST of about Rs. 1.41 crore along with an equal penalty of Rs. 1.41 crore and applicable interest. The order was passed under Section 74 of the IGST Act, 2017 (tax along with penalty for alleged contravention). The company has stated that this order has no material impact on its financials or operations and that it is reviewing the order and will contest it through legal options.
The financial demand is relatively small compared to the company's size and management says there is no material impact, so this is unlikely to move the stock significantly. However, it remains a pending tax litigation that shareholders should track, especially if the dispute escalates or additional demands arise.