SHREE CEMENT LIMITED — Important, 28-02-2025: Updates

Shree Cement has disclosed receipt of GST demand orders from authorities in Bihar and Telangana, amounting to a total of approximately ₹3.43 crore, which includes tax demands and penalties. The demand from Bihar totals ₹19.54 lakh in tax, along with accrued interest and penalties, while the Telangana demand stands at ₹10.30 lakh with additional penalties. The company stated that these orders stem from allegations of short payment of GST liability and wrong availment of Input Tax Credit. However, Shree Cement believes the orders will not have a substantial financial impact and plans to appeal these decisions within the stipulated timeframe of three months. Watch closely for updates on the appeal process and any potential implications for financial standing.