UltraTech gets GST orders from UP and Bengal; says no material impact

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ULTRACEMCO · price

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

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₹11497.00

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.8%-0.5% vs market

Cement & Cement Products peers, median of 35sector+0.3%+0.0% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty 100 and in line with 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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UpDownMarket · Nifty 100Sector · Cement & Cement Products peers, median of 35Pending

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AI summary

UltraTech Cement received two GST orders on 18 Dec 2025 from Noida (UP) and Bolpur (WB) authorities. Noida order confirms demand of Rs 72.6 lakh plus interest of Rs 86.2 lakh and penalty of Rs 1.49 crore for alleged ineligible ITC. Bolpur order dropped a Rs 2.92 crore demand but upheld Rs 1.75 crore tax plus interest and penalty. Company is reviewing both and says there is no material financial impact.

Likely market impact

Tax demands are small relative to company size; management says no material financial impact and will decide next steps.