Announcement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
JKLAKSHMI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
JK Lakshmi Cement Ltd has disclosed receipt of an Order dated 30th April 2026 from the Office of Joint Commissioner of State Tax, Durg Division, Chhattisgarh, under Section 74 of the GST Act, 2017. The tax authorities have raised a demand of ₹179.19 lakhs, along with interest of ₹33.46 lakhs and a penalty of ₹179.19 lakhs for FY 2023-24. The demand pertains to disallowed Input Tax Credit during the mentioned fiscal year. The company has stated that there is no material impact on its financial, operational or other activities due to this order. The company intends to file an appeal against this order before the Appellate Authority.
The company has declared NIL expected financial implications and will challenge the order through an appeal. The stock is unlikely to see any significant reaction as the demand is not considered material by the company and a legal remedy is being pursued.