ACC Limited — Important, 01-03-2025: General Updates

The company has received an order from the Assistant Commissioner (ST) in Coimbatore, Tamil Nadu, demanding a tax repayment along with interest and a penalty amounting to ₹16.05 crore. The order cites alleged violations including GST liability on miscellaneous expenses, ITC reversals on sundry creditors, and tax on depreciation. ACC Limited is currently taking steps to appeal this decision. However, the company does not anticipate any significant impact on its financial or operational activities as a result of this order. This situation could offer ACC Limited a chance to clarify its position and potentially strengthen its compliance mechanisms moving forward. Investors should monitor this appeal process closely for any developments.