Shree Cement gets GST demand order of about Rs 33.6 lakh from Punjab tax officer

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

-0.7%Reaction day

₹26465.00

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.4%-0.3% vs market

Cement & Cement Products peers, median of 35sector-0.4%-0.3% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty 100 and 0.3 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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AI summary

Shree Cement received a demand order from the Excise and Taxation Officer in Mohali, Punjab, alleging wrong availment of Input Tax Credit under GST. Total demand is Rs 33.6 lakh in tax, Rs 43.8 lakh in interest, and Rs 3.4 lakh in penalty, totalling about Rs 80.8 lakh. The company says this has no major financial impact and will file an appeal under Section 107 of the Bihar GST Act by March 26, 2026.

Likely market impact

Amount is tiny versus company size. Firm is contesting the order and will appeal. No material hit expected on financials or operations.