NSEAction(s) taken or orders passed4d ago · 8 Aug 2026, 03:54 pm

Action(s) taken or orders passed

Cemindia Projects Limited · CEMPRO

✦ AI Summary▼ NegativeRegulatory

Cemindia Projects Limited has received a demand order from the Assistant Commissioner, Ghatak 1, Division–1, Range – 1, Ahmedabad, Gujarat, under the Central Goods and Services Tax Act, 2017, for a total tax and penalty of Rs. 1.24 Crore each, comprising IGST of Rs. 57.03 Lakhs and CGST and SGST of Rs.33.67 Lakhs each, due to a mismatch between ITC claimed in GSTR3B and ITC reflected on GST portal for FY 2020-21. The Company proposes to file an appeal against the said Order and does not anticipate any material financial impact.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk3/10
Liquidity Impact6/10
Market Sentiment4/10

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Cemindia Projects Limited has informed the Exchange about Action(s) taken or orders passed

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ITD_08082026155423_STK_ltr_order__penalty_final.pdf

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Dept. of Corporate Services – Corporate Relationship, National Stock Exchange of India BSE Limited, Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Listing Department, Mumbai - 400 001. Exchange Plaza, C-1, Block ‘G’ Bandra- Kurla Complex, Bandra (East), Mumbai - 400 051. Scrip Code: 509496 Scrip Code: CEMPRO Date Our Reference No. Our Contact Direct Line 8th August, 2026 SEC/08/2026 RAHUL NEOGI 91 22 67680814 cs@cemindia.co.in Dear Sir/Madam, Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 This is to inform that the Company has received demand order from the Assistant Commissioner, Ghatak 1, Division–1, Range – 1, Ahmedabad, Gujarat. u/s 74 of the Central Goods and Services Tax Act, 2017 against the Company, in relation to mismatch between ITC claimed in GSTR3B and ITC reflected on GST portal for FY 2020-21. The Department has levied a total tax and penalty of Rs. 1.24 Crore each, comprising IGST of Rs. 57.03 Lakhs and CGST and SGST of Rs.33.67 Lakhs each. The Company proposes to file an appeal against the said Order and the Company does not anticipate any material financial impact arising from the said Order. The Order dated 7th August, 2026 has been received by the Company on 7th August, 2026 at around 6:30 p.m. The details and the updates as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, the brief details are enclosed as Annexure A. Thanking you, Yours faithfully, For Cemindia Projects Limited (formerly ITD Cementation India Limited) (RAHUL NEOGI) COMPANY SECRETARY Annexure A Sr. Details of Events that need to Information of such events(s) No. benprovided a. Name of the authority; Assistant Commissioner, Ahmedabad, Gujarat. b. Nature and details of the The Company has received an Order from the Assistant action(s) taken or order(s) Commissioner, Ahmedabad, Gujarat, u/s 74 of Central passed; Goods and Services Tax Act, 2017 for payment of tax of Rs. 1,24,37,130/- including penalty of Rs. 124,37,130/- in relation to GST liability on account of mismatch in ITC claimed in GSTR3B vis a vis ITC reflected on GST portal. c. Date of receipt of direction or The Order dated 7th August, 2026 has been received by order, including any ad-interim the Company on 7rd August, 2026 at around 6:30 P.M. or interim orders, or any other communication from the authority; d. Details of the violation(s)/ Refer para b. above contravention(s) committed or alleged to be committed; e. Impact on financial, operation The Company proposes to file an appeal against the or other activities of the said Order and the Company does not anticipate any Company, quantifiable in material financial impact arising from the said Order. monetary terms to the extent possible;