SHREE CEMENT LIMITED — Important, 04-02-2025: Updates

The company has received a demand order from the Assistant Commissioner in Pali Division, Rajasthan, confirming a demand of ₹3.59 lakh along with the same amount in applicable interest and penalty. This order pertains to the alleged wrong availment of Cenvat Credit. However, the company does not anticipate any major financial impact from this order. The management contests the claims and plans to file an appeal before the Commissioner (Appeals) in Jodhpur. Investors should watch closely for developments as the situation unfolds, but the current outlook remains stable.