The India Cements Limited has informed the Exchange about order received from Joint Commissioner of GST & Central Excise, Chennai South Commissionerate.
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India Cements has received an Order in Original dated 30 December 2025 from the Joint Commissioner of GST & Central Excise, Chennai South Commissionerate, raising a tax demand of Rs. 6.42 crore for FY 2021-22. This is on account of alleged Input Tax Credit mismatch and reversal of Input Tax Credit on exempted turnover, along with interest and a penalty of Rs. 64.19 lakh, taking the total exposure to roughly Rs. 7.06 crore. The company says the order was passed without due consideration of its earlier submissions. India Cements has stated it is reviewing the order and plans to contest it through all available legal options. Management has indicated it does not expect this order to have any material financial or operational impact on the company.
This is a routine tax dispute and not a SEBI, NCLT, or fraud-related matter. Given the relatively small size of the demand (around Rs. 7 crore) versus the company's scale and management's confidence in contesting it successfully, the near-term impact on shareholders is expected to be limited. Investors should watch for updates on the company's appeal and any adverse ruling, which could create modest uncertainty.