UltraTech Cement Limited — Important, 13-02-2025: General Updates

UltraTech Cement Limited has received an order from the Superintendent CGST & CX, Range - V, Kolkata South Commissionerate, confirming a tax demand of ₹15.19 lakh (15,19,046) along with an interest and penalty totaling ₹2.08 lakh (2,08,458). This order is related to the disallowance of Input Tax Credit (ITC) claimed from vendors alleged to be defaulting taxpayers. The company is currently reviewing the order to determine its next steps. The financial impact from this order amounts to approximately ₹17.27 lakh (17,27,504), which could affect UltraTech's operational cash flow. Investors should monitor this situation closely as it may have implications for the company's short-term financial health and operational strategy.