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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Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment4/10

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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.