UltraTech Cement Limited — Others, 25-02-2025: Action(s) taken or orders passed

UltraTech Cement Limited has announced a board meeting regarding an appeal order from the Joint Commissioner (Appeals), Commercial Tax, Kalaburagi. The order drops a tax demand of ₹3.48 crore along with interest and penalty, while upholding a tax liability of ₹0.46 crore with additional interest and penalties. The company is currently reviewing the implications of the order, but management indicates no material financial impact anticipated at this time. Investors may view this update positively, as the reduction in the tax demand could alleviate potential financial burdens.