ACC Limited — Important, 13-11-2024: General Updates

ACC Limited has received a tax demand order amounting to ₹15.48 crore, along with an equal penalty, from the Additional Commissioner, CGST & CX Commissionerate in Ranchi, Jharkhand. This demand arises from the rejection of input credit claims related to Clean Energy Cess and ITC distributed by the Input Service Distributor. The company plans to challenge this order with the appropriate authority. Despite this development, ACC Limited does not expect any material impact on its financial or operational activities, highlighting a positive outlook amid ongoing appeal processes. Investors should continue to monitor the situation closely as the outcome may affect future financial performance.