Sagar Cements Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
SAGCEM · price
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Sagar Cements has received an order from the Additional Commissioner, Hyderabad GST Commissionerate, levying a net GST demand of Rs. 1.78 crore along with applicable interest and penalty under Section 74 of the CGST/TGST Act, 2017. The demand relates to GST on corporate guarantees provided by the company to lenders for debt availed by its subsidiaries. The order was dated 26th March 2026. The company has stated it will appeal the order before the appropriate authority. Management has indicated no material impact on its financial, operational, or other activities from this order.
The Rs. 1.78 crore GST demand is relatively small for a company of this size, and the company's intent to appeal suggests it does not expect an immediate financial hit. Shareholders should monitor the appeal outcome, though management has downplayed any material impact.