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Shree Cement Limited ( (IN:SHREECEM) ) just unveiled an announcement.
Shree Cement Limited has received a draft Assessment Order from the Income Tax Authority, proposing disallowance and additions of Rs 2652 crore to the company’s returned income for FY 2021-22. The potential financial impact includes a likely demand of approximately Rs. 160 crore, which may be offset against pending refunds. The company, with legal counsel, believes the disallowances are unsustainable before appellate authorities, suggesting minimal impact on its financial or operational activities.
More about Shree Cement Limited
Shree Cement Limited operates in the cement industry, providing a range of cement products primarily focused on meeting the construction needs of various sectors. The company is known for its extensive market presence and commitment to sustainable practices.
YTD Price Performance: 19.85%
Average Trading Volume: 398
Current Market Cap: 1100.5B INR
See more insights into SHREECEM stock on TipRanks’ Stock Analysis page.