BSECompany Update1d ago · 24 Sept 2026, 05:32 pm
Please find attached Disclosure under Regulation 30 of SEBI (Listing Obligations Disclosure Requirements),2015.
JSW Cement Ltd · 544480
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JSW Cement Ltd has received a Show Cause Notice from the Additional Commissioner of Central Tax, Belagavi Audit Commissionerate regarding alleged short payment of GST on account of incorrect classification. The proposed demand is ₹229.85 crore, along with applicable interest and 10% penalty.
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JSW Cement Ltd - 544480 - Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015.
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Cement Limited
JSW Centre
Opp. MMRDA Ground,
Bandra Kurla Complex,
Bandra (East), Mumbai - 400 051.
Tel : +91-22-4286 1000 Fax : 26502001
Website : www.jswcement.in
CIN :– L26957MH2006PLC160839
Date:24.09.2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G,
Dalal Street, Fort, Bandra Kurla Complex, Bandra (E),
Mumbai 400 001, Mumbai - 400 051
Maharashtra, India Maharashtra, India
Scrip Code: 544480 Symbol: JSWCEMENT
Sub.: Disclosure under Regulation 30 of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015, as
amended
Dear Sir/Madam,
Pursuant to the Regulation 30 of the Securities and Exchange Board of India (Listing
obligations and Disclosure Requirements) Regulations, 2015, as amended, please find attached
disclosure regarding the Show Cause Notice received from Additional Commissioner of Central
Tax, Belagavi Audit Commissionerate on 24th September, 2026. Relevant details pursuant to
Regulation 30 of the Listing Regulations read with SEBI Circulars are annexed herewith as
Annexure A.
The Company is in process of filing a reply in the said matter.
The aforesaid information is also being uploaded on the website of the Company at
https://www.jswcement.in/.
You are requested to kindly take the above on record.
Thanking you
Yours sincerely,
For JSW Cement Limited
Sneha Bindra
Company Secretary and Compliance Officer
Cement Limited
JSW Centre
Opp. MMRDA Ground,
Bandra Kurla Complex,
Bandra (East), Mumbai - 400 051.
Tel : +91-22-4286 1000 Fax : 26502001
Website : www.jswcement.in
CIN :– L26957MH2006PLC160839
ANNEXURE-A
Details as per the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026.
Sr . Particulars details pertaining to the Show cause notice
1. brief details of litigation JSW Cement Limited has received Show Cause Notice from
viz. name(s) of the the Additional Commissioner, Central Tax, Belagavi Audit
opposing party, court/ Commissionerate on 24th September, 2026 in relation to
tribunal/agency where alleged short payment of GST on account of incorrect
litigation is filed, brief classification. The Department has consequently proposed a
details of GST demand of ₹229.85 crore, along with applicable
dispute/litigation interest and 10% penalty, under Section 73 of the CGST
Act, 2017 for the period April 2022 to March 2024.
2. expected financial The Show-Cause Notice proposes demand of GST
implications, if any, due aggregating to Rs.229,85,36,623/-{IGST
to compensation, penalty Rs.121,75,53,219/-, CGST Rs.54,04,91,702/- SGST
etc. Rs.54,04,91,702/-} towards alleged contravention of the
provisions of Sections 9, 37 and 39 of the CGST Act along
with interest u/s. 50 and 10% penalty u/s. 73 of the CGST
Act.
The financial impact of the show cause notice is to the
extent of the Demand, Penalty and Interest proposed, but
there is no material impact on the Company. The Company
is in process of filing a reply in the said matter.
3. quantum of claims, if Total proposed GST Demand of Rs.229,85,36,623/- and
any; applicable interest and 10% penalty.