Mangalam Cement Limited — Others, 22-03-2025: Action(s) taken or orders passed

Mangalam Cement Limited has announced a board meeting regarding a recent order from the Additional Commissioner of Central Excise & CGST, involving disallowed Cenvat Credit totaling ₹2.75 crore, which includes penalties. The company disputes these findings and plans to file an appeal within two months. This situation may impact the company's financial health, with a potential burden of ₹2.75 crore affecting operational cash flow. While the appeal process signifies proactive management, investors should be cautious of financial risks stemming from this ongoing regulatory challenge, which could influence market sentiment.