Kakatiya Cement Sugar & Industries Limited has informed the Exchange regarding 'Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.'.
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Kakatiya Cement Sugar & Industries has disclosed receiving a notice from the District Forest Officer, NTR Division, Vijayawada, dated 13.05.2024 (received by the company on 05.06.2025), directing it to stop mining and non-forest activities in a 121.46-hectare leased area in Budawada Reserve Forest (Sy.No.236) until further forest clearance is obtained. The company has begun the process to get the order revoked, citing a Government of India (Ministry of Environment, Forest and Climate Change) circular which states the clearance period is deemed extended co-terminus with the mining lease ending 18.05.2032. The company says there is currently no financial or operational impact, as it has enough limestone stock to meet requirements for over two months. It is actively coordinating with the relevant authorities to resolve the matter at the earliest.
Short-term impact is limited given the two-month limestone buffer, but if the revocation is delayed beyond that, cement production could be affected, potentially impacting revenue. Investors should watch for further updates on the resolution of this forest clearance issue.