Mangalam Cement Limited — Important, 11-02-2025: Updates

Mangalam Cement Ltd. has received a directive from the Office of the Superintending Engineer, Upper Kolab Irrigation Division, mandating the deposit of ₹9.34 crore as assessed fees by February 28, 2025. This order arises from allegations of unauthorized water consumption by Mangalam Timber, a unit of Mangalam Cement, during January 2025, where the unit is reported to have used 37,921.92 cubic meters against the applied quantity.

The company contests this demand and is preparing to challenge the order before the appropriate authority. This situation suggests a significant financial impact that investors should watch closely, as the outcome could affect the company’s financial stability and operational capacity moving forward.