JK Lakshmi Cement Limited — Others, 18-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

JK Lakshmi Cement Ltd. has announced a board meeting regarding an assessment order received from the Income Tax Department, which imposes a demand of ₹4,559.60 Cr for the assessment year 2022-23. The company plans to appeal this order, believing the demand is legally flawed and anticipates it will be overturned. Management asserts that they do not foresee any material impact on the company's financials or operations. Investor sentiment may remain stable given the company's confidence in resolving this matter, positioning it positively in the market landscape.