ACC Limited — Important, 24-12-2024: General Updates

The Company has received two orders from the Joint Commissioner of State Tax, Durg Division, Chhattisgarh, assessing GST liabilities amounting to Rs. 56.07 crore, including penalties and interest. The first order totals Rs. 7.69 crore with additional charges of Rs. 3.67 crore in interest and Rs. 0.77 crore as a penalty. The second order is for Rs. 48.15 crore, including Rs. 7.00 crore in interest and Rs. 4.81 crore as a penalty.

ACC Limited is taking steps to appeal these orders and does not anticipate any material impact on its financial or operational activities. This situation represents a notable risk but, at present, the Company assesses the overall exposure as manageable. Investors should watch this development closely for any updates on the appeal process and its potential outcomes.