JK Lakshmi Cement Limited has informed the Exchange about disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
JKLAKSHMI · price
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Awaiting price reaction for this filing.
JK Lakshmi Cement has won a long-pending income tax dispute for FY 2020-21. Earlier, in January 2024, the Income Tax Officer had added Rs 6,033.28 lakh to the company's income, creating a tax demand of Rs 2,538.96 lakh (including interest of Rs 799.65 lakh). The company appealed to the Commissioner of Income Tax (Appeals), which ruled in JKLC's favor. Following this, on June 20, 2025, the Income Tax Officer issued a consequential order deleting both the addition and the entire demand. The company has stated that there are no further financial implications, as the matter stands fully resolved in its favor.
Positive for shareholders — a tax liability of about Rs 25.4 crore has been fully quashed, which may lead to a tax refund or write-back and slightly strengthen near-term earnings. No further action or penalty remains.