SHREE CEMENT LIMITED has informed the Exchange regarding receipt of demand order from Excise & Taxation Officer, State Mohali, Ropar, Punjab
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Shree Cement Limited has informed the stock exchange that it has received a demand order from the Excise & Taxation Officer in Mohali, Ropar, Punjab. The company has not yet disclosed the exact amount of the demand or the nature of the liability. Such orders typically relate to disputed excise duties, taxes, or penalties raised by state tax authorities. The company will likely respond by contesting or complying with the demand through the appropriate legal channels. Further details on the financial impact are awaited from the company.
The specific impact on shareholders depends on the quantum of the demand, which has not been disclosed yet. Tax demands of this nature are usually contested and may not immediately affect earnings unless the liability is material or probable of being confirmed.