NSEAction(s) taken or orders passed6d ago · 8 Oct 2026, 07:21 pm

Action(s) taken or orders passed

Mangalam Cement Limited · MANGLMCEM

✦ AI Summary▼ NegativeRegulatory

Mangalam Cement Limited has received an order from the Deputy Commissioner, Central GST Division, Kota Rural, alleging wrongful availing of Input Tax Credit (ITC) of ₹ 0.90 Crore. The company intends to file an appeal under Section 107 of the CGST Act, 2017.

Analysis Scores

Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment3/10

✦ Ask a Question

Ask anything about this announcement — AI will answer based on the filing content.

0/500

Full Announcement

Mangalam Cement Limited has informed the Exchange about Action(s) taken or orders passed

Attachments (1)

📄

MANGLMCEM_08102026192109_NSEBSEREG30S.pdf

pdf

Download →
View document text
MCL/SEC/2026-27 8th October, 2026 The Corporate Relations Department The Corporate Relations Department The National Stock Exchange of India Ltd. Department of Corporate Services Exchange Plaza, 5th Floor, BSE Limited Plot No. C/1, G-Block 25th Floor Bandra-Kurla Complex Phiroze Jeejeebhoy Towers Bandra (E), Mumbai 400 051 Dalal Street, Mumbai – 400 001 Security Code : MANGLMCEM Scrip Code: 502157 Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”) read with Para A (20) of Part A of Schedule III thereof, we wish to inform that the Company has received an Order passed by the Deputy Commissioner, Central GST Division, Kota Rural, in relation to the alleged wrong availement of Input Tax Credit (“ITC”) of ₹ 0.90 Crore. (IGST). The required details under SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated 31st December, 2024 read with SEBI Circular No., SEBI/HO/CFD/CFD-POD-1/P/CIR/2023/123 dated July 13, 2023 is enclosed as per Annexure “A”. The information is being submitted to the Exchanges pursuant to information received by the Company Secretary and Compliance Officer on 8th October, 2026. You are requested to kindly take the same on record. Thanking You, Yours faithfully, For Mangalam Cement Limited Pawan Kumar Thakur Company Secretary & Compliance Officer ANNEXURE “A” SL. Particulars Details 1 Name of the Authority Deputy Commissioner, Central GST Division, Kota Rural 2 Nature and details of the An Order has been passed confirming demand of wrongly availed ITC of ₹ action(s) taken, initiated or 0.90 Crore (IGST) under Section 74(9) of the CGST Act, 2017, along with orders passed by the applicable interest under Section 50 of the CGST Act, 2017. Authority A penalty of ₹ 0.90 Crore under Section 74, ₹ 0.90 Crore under Section 122(1)(x) and ₹ 0.90 Crore under Section 122(1)(xvii) of the CGST Act, 2017 has been imposed on the Company. 3 Date and time of receipt of Order dated 7th October, 2026, received by the Company Secretary & direction or order including Compliance Officer on 8th October, 2026. any ad-interim or interim orders or any other communication from the authority 4 Details of the violation(s) The Order alleges that the Company had wrongly availed ITC of ₹ 0.90 /contravention(s) Crore on the basis of an invoice issued by a service provider in contravention committed or alleged to be of the provisions of Section 16 of the CGST Act, 2017. committed 5 Impact on financial, The Order, if sustained, would have a financial impact to the extent of ₹ 2.70 operation or other activities Crore. There is no impact on the operations or business activities of the of the Listed Entity, Company. quantifiable in monetary terms to the extent possible The Company is examining the Order and the available legal remedies and intends to file an appeal under Section 107 of CGST Act, 2017 within three months from the date of receipt of the Order.