Star Cement Limited has informed the Exchange about the Revocation of West Bengal Incentive Schemes
STARCEMENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The West Bengal Government enacted a Revocation Act in April 2025 that retrospectively cancelled all subsidies and grants under various state incentive schemes, overriding any prior court or authority orders. Star Cement has disclosed that it is not availing any subsidy or benefit under any West Bengal Government scheme and has no receivables or outstanding dues related to its projects in West Bengal. The Company confirms that this revocation has no financial or operational impact on its business. The disclosure is made under SEBI Listing Regulations for transparency and compliance purposes.
This is a neutral disclosure for shareholders — the company is clarifying that a major state government policy change does not affect its finances or operations, so no material impact on the stock is expected.