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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
JK Lakshmi Cement received a GST order dated 24 March 2026 (received 31 March 2026) from the Office of Additional Commissioner, Rajasthan. The department had issued a Show Cause Notice alleging wrongful availment of Input Tax Credit worth ₹263.84 lakh for the period April 2019 to March 2023. After adjudication, the GST Department dropped ₹252.32 lakh (96%) of the total demand. However, a demand of ₹11.52 lakh along with an equivalent penalty has been upheld. The Company stated expected financial implications are NIL and is in the process of filing an appeal against the remaining ₹11.52 lakh disallowance.
The dismissal of 96% of the GST demand is a positive development. The small remaining liability of ₹11.52 lakh plus penalty is immaterial for the company, and the planned appeal indicates management's confidence. Minimal direct impact on stock, though any regulatory compliance issues could attract scrutiny.