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Shree Cement Limited ( (IN:SHREECEM) ) has shared an announcement.
Shree Cement Limited has disclosed that it has received a Goods and Services Tax (GST) demand order from the Deputy Commissioner, State Tax, Special Circle, Patna, Bihar, confirming a tax demand of about Rs 14.93 crore, along with interest of roughly Rs 9.18 crore and a penalty of about Rs 1.49 crore. The order, received on 26 December 2025, relates to alleged issues over valuation and excess input tax credit claimed; however, the company has stated that the demand will not have a major financial impact on its operations and intends to challenge the order by filing an appeal under the Bihar GST Act by 25 March 2026.
More about Shree Cement Limited
Shree Cement Limited is a major Indian cement manufacturer headquartered in Rajasthan, with corporate offices in Gurugram and Kolkata. The company operates in the building materials sector, focusing on the production and sale of cement and related products for infrastructure and construction markets across India.
Average Trading Volume: 2,185
Technical Sentiment Signal: Buy
Current Market Cap: 943.9B INR
For detailed information about SHREECEM stock, go to TipRanks’ Stock Analysis page.