JSW Cement Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

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JSWCEMENT · price

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Price reactionminutes from the announcement price · days from the prior close

-1.6%Reaction day

₹123.12

prior close

₹121.40

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.2%-2.8% vs market

Cement & Cement Products peers, median of 33sector+0.2%-1.9% vs sector

On the reaction day the stock moved 2.8 pts less than Nifty Smallcap 250 and 1.9 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-1.6+1.2-2.8+0.2-1.9

Next day

-2.0+1.2-3.2-0.2-1.8

+4.0+2.0+2.0+1.4+2.5

+11.1+1.8+9.3+1.2+9.9

+8.8+3.1+5.7+1.8+7.0

+6.8+3.3+3.6+1.4+5.5

+5.7+3.1+2.6+1.5+4.2

15d

+3.3+1.9+1.4-3.6+6.9

+4.6+7.5-2.9-0.6+5.3

+14.2+9.4+4.8+1.7+12.5

+0.7+10.7-10.0-4.9+5.6

UpDownMarket · Nifty Smallcap 250Sector · Cement & Cement Products peers, median of 33Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

JSW Cement Limited has disclosed receiving a Demand-cum-Show Cause Notice from the Additional Commissioner Central Tax (Audit), Patna on May 15, 2026. The notice, issued under Section 74 of the CGST Act 2017, pertains to multiple GST-related compliance issues across FY 2020-21 to FY 2022-23. These include alleged credit notes treated as taxable supplies, unreconciled tax liabilities and turnover differences between books and GST returns, excess input tax credit claimed, delayed GSTR 3B filings, and failure to discharge reverse charge mechanism liabilities. The tax department is proposing a total GST demand of approximately Rs. 7.56 crore (IGST: Rs. 1.22 crore, CGST: Rs. 3.17 crore, and SGST: Rs. 3.17 crore) along with applicable interest and penalties. The company has stated it is in the process of filing a reply to the notice.

Likely market impact

While the show cause notice involves a significant tax demand of Rs. 7.56 crore, this is currently a proposed demand that the company intends to contest. No penalty or liability has been confirmed yet. If the demand is upheld, it could result in a financial outflow and may attract penalties, but the impact on the stock will depend on the outcome of the company's response and any subsequent litigation.