UltraTech Cement Limited — Others, 03-02-2025: Action(s) taken or orders passed

UltraTech Cement Limited has received an order from the Additional Commissioner of CGST & Central Excise in Shimla, confirming a tax demand related to alleged non-payment of GST on ex-works supply of cement. The total demand amounts to approximately ₹6.99 crore, which includes tax, interest, and penalties. The company is reviewing the order and plans to contest the demands. This situation introduces potential financial liabilities and may affect investor sentiment, creating a cautious outlook due to the uncertainty surrounding the dispute and its financial implications.