Pursuant to the provisions of Regulation 30 read with Para B of Part A of Schedule III of the Listing Regulations, we hereby submit that the Company is in receipt of an an Order u/s 250 of Income Tax Act, 1961.The details as required under Regulation 30 read with Part A of Schedule III of the Listing Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024 are enclosed herewith and marked as Annexure 1.
SAURASHCEM · price
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Awaiting price reaction for this filing.
Saurashtra Cement Limited has informed the stock exchange that it has received an Order under Section 250 of the Income Tax Act, 1961. Section 250 relates to the disposal of appeals by the Commissioner of Income Tax (Appeals), suggesting this is an outcome of an income tax appeal filed by the company. Full details of the order, including likely the amount in dispute, the assessment year, and whether the ruling is favorable or unfavorable, have been enclosed as Annexure 1, which was not included in the filing shared here.
The exact financial impact on shareholders is unclear without the annexure. If the order is unfavorable, the company may face a tax demand that could affect its near-term earnings and cash flows. Investors should look for the detailed annexure or follow-up disclosure to understand the order's nature and any further appeal plans.