Mangalam Cement Limited — Important, 06-03-2025: Updates

Mangalam Cement Limited has received an assessment order from the Office of the Mining Engineer, Department of Mines and Geology, regarding mining lease number 02/1976 for cement-grade limestone. The order pertains to the recoverable amount for the assessment years 2013-14 to 2023-24, with a financial impact of approximately ₹11.27 crore. The company disputes the findings and intends to challenge the assessment order before the appropriate authority within the required timeframe. This situation could introduce potential risks, depending on the outcome of the dispute, but the company's prompt action indicates a proactive approach to manage the issue. Investors should monitor this development closely for any impacts on operational performance and financial stability.