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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
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Shree Cement Ltd

Shree Cement Receives Rs. 4.6 Crore GST Demand Order from Patna Tax Authority

REGULATORY ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 06 Nov 2026, 04:42 PM IST  ·  BSE ID: f66c2128-f9c9-4f4d-b0cc-b8d60d69fcb9
View Original BSE Filing (PDF)
💡
In Simple Terms
Shree Cement was issued a tax demand order by the state tax authority in Patna for over Rs. 4.6 Crore, plus interest and penalty.
🤖 AI Summary
  • Shree Cement received a GST demand order from Patna's Deputy Commissioner of State Tax.
  • The order confirms a tax demand of Rs. 4,60,69,188, plus interest and penalty.
  • Total confirmed demand stands at Rs. 4,60,69,188, with Rs. 2,93,98,454 interest and Rs. 46,06,918 penalty.
  • The company disputes the contentions and will file an appeal by February 5, 2027.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Tax Demand
4,60,69,188
Interest
2,93,98,454
Penalty
46,06,918
Order Receipt Date
5th November, 2026
Appeal Filing Deadline
5th February, 2027
🏢 How This Affects the Company
📈
Business Impact
The company disputes the tax demand, indicating it does not agree with the valuation issue raised by the authority. The business operations are not expected to be immediately impacted as the company intends to contest the order.
💰
Financial Impact
While the order confirms a significant tax demand, interest, and penalty totaling Rs. 8,00,74,560, the company states it has no major financial impact. This suggests the amount may be covered by provisions or is considered insignificant relative to the company's overall finances.
⚠️
Risk Impact
This order introduces litigation risk and potential financial outflow if the appeal is unsuccessful. The company's proactive approach to file an appeal mitigates immediate financial risk.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders. Investors should monitor the appeal process.
👤
Who Is Affected
All shareholders are indirectly affected due to potential future financial implications if the appeal is unsuccessful.
🔍
Management Signal
Management signals a firm stance against the tax authority's findings by immediately planning an appeal, indicating confidence in their position.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Confirmation of appeal filing with Bihar GST Act authorities.
Update on the grounds of appeal and tribunal proceedings.
Company's interim or final financial results disclosure.
MEDIUM RISK Confirmed tax demand of Rs. 4.6 Crore plus interest and penalty indicates potential financial risk.
💡 Investor Takeaway
Shree Cement received a GST demand order of Rs. 4,60,69,188 with Rs. 2,93,98,454 interest and Rs. 46,06,918 penalty from Patna authorities, disputing the valuation issue and planning an appeal.
⚖️ Strengths & Concerns

✅ Positives

  • Company disputes contentions and plans appeal, maintaining its stance on valuation issues.

⚠️ Concerns

  • Company faces a confirmed GST demand order of Rs. 4,60,69,188, plus Rs. 2,93,98,454 interest and Rs. 46,06,918 penalty.
📅 Company Track Record
Shree Cement has faced prior tax demands, including a Rs. 9.88 Lakh tax demand reinstated in Hyderabad (Feb 2025) and Rs. 48.98 Crore tax demand reinstated in Patna (June 2026).

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the total GST demand order against Shree Cement in Patna?
Shree Cement received a GST demand order confirming a tax demand of Rs. 4,60,69,188, with interest of Rs. 2,93,98,454 and penalty of Rs. 46,06,918.
When did Shree Cement receive the GST demand order?
Shree Cement received the GST demand order on 5th November, 2026.
What is the alleged violation for the GST demand order?
The alleged violation cited for the GST demand order is a valuation issue.
Will Shree Cement contest the GST demand order?
Yes, Shree Cement disputes the contentions and will file an appeal under section 107 of the Bihar GST Act on or before 5th February, 2027.
What is the potential financial impact of this GST order on Shree Cement?
The company states that the order has no major financial impact, suggesting potential provisions or confidence in the appeal outcome.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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