Additional Commissioner (Appeals), SGST, Patna has dismissed the appeal filed against the demand order passed…
As filed · SHREE CEMENT LIMITED has informed the Exchange about the Additional Commissioner (Appeals), SGST, Patna has dismissed the appeal filed against the demand order passed by the Deputy Commissioner, State
What happened
FactShree Cement Limited has reported that the Additional Commissioner (Appeals), SGST, Patna has dismissed its appeal against a demand order issued by the Deputy Commissioner, State Tax, Patna, which reinstates the demand along with a penalty. This follows earlier communications regarding the matter. The company has provided further details in an attached disclosure.
Why it matters
CapitSignal interpretationA tax demand is a contingent claim on cash: it either becomes a payment, or an appeal that ties up management attention and often a deposit.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Capex
RevisedFor the first time in my career, I think, I have spoken of a INR400 to INR500 crores capex visibility in next financial year.
total capex I had guided Q4 about INR1,500 crores.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Whether the company is appealing
- Amount deposited pending appeal
- Whether it is provided for in the accounts
- 35.4 is what we did last year, and I'm guiding at about 40 this year. (management committed by FY27)
- pan-India, the industry is expected to grow at about 7% to 8%. We hope to catch up with 10%. (management committed by FY27)
Evidence
- SHREE CEMENT LIMITED has informed the Exchange about the Additional Commissioner (Appeals), SGST, Patna has dismissed the appeal filed against the demand order passed by the Deputy Commissioner, State Tax, Patna for technical reasons thereby reinstating demand including penalty(opens the original filing in a new tab)
- Earlier statement · Q3 FY26
- Latest statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- TAX_DEMAND base 62; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%