SHREE CEMENT LIMITED has informed the Exchange about receipt of demand order from the Office of Mining Engineer, Department of Mines & Geology, Ajmer Circle, Rajasthan

SHREECEM · price

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₹22750.00

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₹23335.00

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AI summary

Shree Cement has received a demand order from the Superintending Mining Engineer, Department of Mines & Geology, Ajmer Circle, Rajasthan, imposing a penalty of Rs 68.56 lakhs. The order relates to alleged delayed compliance with Clauses 2 & 3 of Part IX of the lease deed under the Mineral Concession Rules, 1960, observed during a 2013 inspection by DMG officials at the Sheopura Kesarpura Mines in Rajasthan. The order was received on 23rd March 2026. The company has stated that the order has no major financial impact and that it will take suitable legal action to contest it.

Likely market impact

The financial impact is negligible given the small penalty amount relative to the company's size, but prolonged litigation could carry minor reputational risk. Investors are unlikely to see any meaningful effect on the stock price.