Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we hereby submit that the Company has ....
SHREECEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shree Cement received a GST/Service Tax demand order from the Assistant Commissioner, Central GST & Central Excise, Pali on 11th May 2026. The demand is for Rs. 39,19,286 (approximately Rs. 39.2 lakh) along with applicable interest and an equivalent penalty. The authority alleged non-payment of Service Tax as the contravention. The company states the order does not have a major financial impact and that it does not agree with the demand, believing it has a strong case on merits. Shree Cement intends to file an appeal under Section 85 of the Finance Act, 1994 before the Commissioner (Appeals) within two months from receipt of the order.
The demand amount of ~Rs. 39 lakh is relatively small for a company of Shree Cement's scale, so the direct financial impact is minimal. However, the regulatory dispute and potential penalty could marginally affect investor sentiment in the near term.