UltraTech Cement Limited — Others, 26-02-2025: Action(s) taken or orders passed

UltraTech Cement Limited has received an order from the Joint Commissioner, Dehradun, affirming a tax demand of ₹1.94 crore, along with additional charges of ₹0.19 crore for interest and penalty. The company is currently reviewing the order and will determine its next steps. While the demand relates to the alleged excess availment of Input Tax Credit (ITC), UltraTech has indicated that this will not have a material financial impact on its operations. Investors might view this development with a neutral outlook, recognizing the company's proactive approach in managing regulatory issues.