Integrated Filing-Governance



General information about company

Scrip Code 544480
NSE Symbol JSWCEMENT
MSEI Symbol NOTLISTED
ISIN INE718I01012
Name of the entity JSW Cement Limited
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Yearly
Date of Quarter Ending 31-Mar-2026
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? No
Reason For Part C Of Annexure I Disclosure Of Acquisition Of Shares OrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity Not applicable for the quarter ended 31st March, 2026
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? Yes
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? No
Reason For Part F Of Annexure I Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity Not applicable for the quarter ended 31st March, 2026
Risk management committee No
Market Capitalisation as per immediate previous Financial Year Any other
Is SCORE ID Available ? Yes
SCORE Registration ID comj00419
Reason For No SCORE ID
Type of Submission New
Remarks (website dissemination)



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO No Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Mr. Seshagiri Rao Venkata Satya Metlapalli 00029136 Non-Executive - Non Independent Director Chairperson 15-Jan-1958 No Active NA 01-Aug-2023 26-Sep-2023 1 0 0 0
2 Mr. Parth Jindal 06404506 Executive Director Not Applicable MD 19-May-1990 No Active NA 28-Sep-2016 20-Jun-2021 3 0 0 0
3 Mr. Nilesh Narwekar 06908109 Executive Director Not Applicable CEO 22-Jul-1971 No Active NA 08-Aug-2017 09-Aug-2023 1 0 1 0
4 Mr. Narinder Singh Kahlon 03578016 Executive Director Not Applicable 16-Jan-1967 No Active NA 08-May-2018 08-May-2024 2 0 1 1
5 Mr. Kantilal Narandas Patel 00019414 Non-Executive - Non Independent Director Not Applicable 30-May-1951 No Active Yes 15-Jul-2025 29-Mar-2006 15-Jul-2025 2 1 2 1
6 Mr. Sudhir Maheshwari 02376365 Non-Executive - Non Independent Director Not Applicable 02-Nov-1963 No Active NA 28-Jul-2021 07-Nov-2025 2 1 1 1
7 Mr. Pankaj Rajabhau Kulkarni 00725144 Non-Executive - Independent Director Not Applicable 07-Dec-1957 No Active NA 01-Apr-2021 01-Apr-2021 59.29 2 2 3 0
8 Ms. Sutapa Banerjee 02844650 Non-Executive - Independent Director Not Applicable 24-Mar-1965 No Active NA 22-Apr-2021 22-Apr-2021 59.8 6 6 4 2
9 Mr. Sumit Banerjee 00213826 Non-Executive - Independent Director Not Applicable 21-Jul-1956 No Active NA 28-Jul-2021 28-Jul-2021 56.02 3 3 2 0
10 Mr. Akshay Chudasama 00010630 Non-Executive - Independent Director Not Applicable 30-Sep-1969 No Active NA 15-May-2024 30-Jul-2024 22.15 4 4 4 0
11 Mr. Aashish Kamat 06371682 Non-Executive - Independent Director Not Applicable 06-Oct-1965 No Active NA 15-May-2024 30-Jul-2024 19.15 3 3 1 2
12 Mr. Raghav Chandra 00057760 Non-Executive - Independent Director Not Applicable 31-Oct-1958 No Active NA 21-May-2024 30-Jul-2024 22.9 5 5 5 1
13 Ms. Preeti Reddy 07248280 Non-Executive - Independent Director Not Applicable 31-Oct-1958 No Active NA 27-Jul-2024 30-Jul-2024 20.3 4 4 2 1



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory .In addition to the below committees, the Company also has the following Committees: 1. IPO Committee Members: Mr. Kantilal Narandas Patel - Chairman, Mr. Nilesh Narwekar - Member and Mr. Narinder Singh Kahlon - Member. 2. Sustainability Committee Members: Mr. Seshagiri Rao MVS - Member, Mr. Nilesh Narwekar - Member, Ms. Sutapa Banerjee - Member and Mr. Sumit Banerjee - Member. 3. Code of Conduct Committee Members: Mr. Nilesh Narwekar- Chairman, Mr. Narinder Singh Kahlon-Member.



Audit Committee Details
Whether the Audit Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 06371682 Aashish Kamat Non-Executive - Independent Director Chairperson 21-May-2024
2 02844650 Sutapa Banerjee Non-Executive - Independent Director Member 22-Apr-2016
3 00213826 Sumit Banerjee Non-Executive - Independent Director Member 02-Aug-2021
4 00725144 Pankaj Rajabhau Kulkarni Non-Executive - Independent Director Member 06-Nov-2017



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00725144 Pankaj Rajabhau Kulkarni Non-Executive - Independent Director Chairperson 07-Apr-2021
2 02844650 Sutapa Banerjee Non-Executive - Independent Director Member 17-Jul-2023
3 00019414 Kantilal Narandas Patel Non-Executive - Non Independent Director Member 14-Feb-2008
4 00010630 Akshay Chudasama Non-Executive - Independent Director Member 21-May-2024



Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00019414 Kantilal Narandas Patel Non-Executive - Non Independent Director Chairperson 27-Jul-2024
2 00725144 Pankaj Rajabhau Kulkarni Non-Executive - Independent Director Member 27-Jul-2024
3 06908109 Nilesh Narwekar Executive Director Member 27-Jul-2024



Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00029136 Seshagiri Rao Venkata Satya Metlapalli NED Chairperson 01-Aug-2023
2 00213826 Sumit Banerjee ID Member 21-May-2024
3 00010630 Akshay Chudasama ID Member 21-May-2024
4 06371682 Aashish Kamat ID Member 21-May-2024



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*
1 07-Nov-2025 Yes 13 12 6
2 04-Feb-2026 88 Yes 13 12 6
3 25-Mar-2026 48 Yes 13 11 5



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Audit Committee 05-Nov-2025 Yes 4 4 4 0
2 Audit Committee 07-Nov-2025 1 Yes 4 4 4 0
3 Nomination and remuneration committee 07-Nov-2025 1 Yes 4 3 2 0
4 Audit Committee 03-Feb-2026 55 Yes 4 3 3 0
5 Audit Committee 04-Feb-2026 Yes 4 3 3 0
6 Audit Committee 25-Mar-2026 48 Yes 4 2 2 0
7 Nomination and remuneration committee 04-Feb-2026 Yes 4 4 3 0
8 Stakeholders Relationship Committee 03-Feb-2026 Yes 3 3 1 0
9 Risk Management Committee 03-Feb-2026 Yes 4 3 3 0



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee Yes
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) NA
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes
9 Any comments/observations/advice of Board of Directors may be mentioned here:



Annexure 1
Sr Subject Compliance status
1 Name of signatory Sneha Bindra
2 Designation Company Secretary and Compliance Officer



Details of Cyber security incidence
Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter No
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)
I. Disclosure on website in terms of LODR Regulation
Sr Item Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here. Web address
1.1 Details of business Yes https://www.jswcement.in/about-us
1.2 Memorandum of Association and Articles of Association Yes https://www.jswcement.in/regulation-46
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://www.jswcement.in/regulation-46
2 Terms and conditions of appointment of independent directors Yes https://www.jswcement.in/regulation-46
3 Composition of various committees of board of directors Yes https://www.jswcement.in/regulation-46
4 Code of conduct of board of directors and senior management personnel Yes https://www.jswcement.in/regulation-46
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://www.jswcement.in/regulation-46
6 Criteria of making payments to non-executive directors Yes https://www.jswcement.in/policy.php
7 Policy on dealing with related party transactions Yes https://www.jswcement.in/regulation-46
8 Policy for determining material subsidiaries Yes https://www.jswcement.in/regulation-46
9 Details of familiarization programmes imparted to independent directors Yes https://www.jswcement.in/regulation-46
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://www.jswcement.in/regulation-46
11 Email address for grievance redressal and other relevant details Yes https://www.jswcement.in/regulation-46
12 Financial results Yes (ii) https://www.jswcement.in/financial-results-data.php
13 Shareholding pattern Yes https://www.jswcement.in/shareholding-pattern.php
14 Details of agreements entered into with the media companies and/or their associates NA
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes https://www.jswcement.in/regulation-46
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://www.jswcement.in/financial-results-data.php
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://www.jswcement.in/regulation-46
18 Credit rating or revision in credit rating obtained Yes https://www.jswcement.in/credit-ratings.php
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://www.jswcement.in/finalcial-statement-sub.php
20 Secretarial compliance report Yes The Company got listed on BSE and NSE on 14th August, 2025 and hence we shall be uploading the Secretarial Compliance Report for FY 26 as soon as it is done within the prescribed timelines.
21 Materiality policy as per regulation 30 (4) Yes https://www.jswcement.in/policy.php
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes https://www.jswcement.in/regulation-46
23 Disclosures under regulation 30(8) Yes https://www.jswcement.in/regulation-46
24 Statements of deviation(s) or variations(s) as specified in regulation 32 Yes https://www.jswcement.in/regulation-46
25 Dividend distribution policy as specified in regulation 43A (1) Yes https://www.jswcement.in/policy.php
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://www.jswcement.in/annual-return
26.2 Employee benefit scheme documents framed in terms of SEBI (SBEB) regulations 2021
27 Confirmation that the above disclosures are in a separate section as specified in regulation 46(2) Yes https://www.jswcement.in/regulation-46
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://www.jswcement.in/regulation-46
29 Disclosure of notes on website in terms of Listing Regulations explanatory


Annexure II
II. Annual Affirmations
Sr Particulars Regulation Number Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here.
1 Independent director(s) have been appointed in terms of specified criteria of independence and/or eligibility 16(1)(b) Yes
2 Board Composition 17(1), 17(1A) & 17(1C), 17(1D) & 17(1E) Yes
3 Meeting Of Board Of Directors 17(2) Yes
4 Quorum of board meeting 17(2A) Yes
5 Review of Compliance Reports 17(3) Yes
6 Plans for orderly succession for appointments 17(4) Yes
7 Code of Conduct 17(5) Yes
8 Fees/compensation 17(6) Yes
9 Minimum Information 17(7) Yes
10 Compliance Certificate 17(8) Yes
11 Risk Assessment & Management 17(9) Yes
12 Performance Evaluation of Independent Directors 17(10) Yes
13 Recommendation of Board 17(11) Yes
14 Maximum number of Directorships 17A Yes
15 Composition of Audit Committee 18(1) Yes
16 Meeting of Audit Committee 18(2) Yes
17 Role of Audit Committee and information to be reviewed by the audit committee 18(3) Yes
18 Composition of nomination & remuneration committee 19(1) & (2) Yes
19 Quorum of Nomination and Remuneration Committee meeting 19(2A) Yes
20 Meeting of Nomination and Remuneration Committee 19(3A) Yes
21 Role of Nomination and Remuneration Committee 19(4) Yes
22 Composition of Stakeholder Relationship Committee 20(1), 20(2) & 20(2A) Yes
23 Meeting of Stakeholders Relationship Committee 20(3A) Yes
24 Role of Stakeholders Relationship Committee 20(4) Yes
25 Composition and role of risk management committee 21(1),(2),(3),(4) NA
26 Meeting of Risk Management Committee 21(3A) NA
27 Quorum of Risk Management Committee meeting 21(3B) NA
28 Gap between the meetings of the Risk Management Committee 21(3C) NA
29 Vigil Mechanism 22 Yes
30 Policy for related party Transaction 23(1), (1A), (5), (6), & (8) Yes
31 Prior or Omnibus approval of Audit Committee for all related party transactions 23(2), (3) Yes
32 Approval for material related party transactions 23(4) Yes
33 Disclosure of related party transactions on consolidated basis 23(9) Yes
34 Composition of Board of Directors of unlisted material Subsidiary 24(1) Yes
35 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6) Yes
36 Alternate Director to Independent Director 25(1) NA
37 Maximum Tenure 25(2) Yes
38 Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism 25(2A) Yes
39 Meeting of independent directors 25(3) & (4) Yes
40 Familiarization of independent directors 25(7) Yes
41 Declaration from Independent Director 25(8) & (9) Yes
42 Directors and Officers insurance 25(10) Yes
43 Confirmation with respect to appointment of Independent Directors who resigned from the listed entity 25(11) Yes
44 Memberships in Committees 26(1) Yes
45 Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel 26(3) Yes
46 Policy with respect to Obligations of directors and senior management 26(2) & 26(5) Yes
47 Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity 26(6) NA
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3) NA
Any other information to be provided - Add Notes Textual Information(1)



Text Block
Textual Information(1) For the good corporate governance purpose, the Company has constituted Risk Management Committee and the details of the same are given in this Corporate Governance Report.It is not applicable for this quarter



Annexure II
III. Affirmations
Sr Particulars Compliance status (Yes/No/NA)
1 The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been complied Yes
Any other information to be provided



Annexure II
1 Name of signatory Sneha Bindra
2 Designation Company Secretary and Compliance Officer



Additional Half yearly Disclosure
Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc.
I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below
(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to
Entity Aggregate amount advanced during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By
Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by
Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(D) Additional Information
II. Affirmations
Affirmations Compliance Status Company Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. $intratedCg.get("CG_YN_$!integratedFillingMasterDto.cgMasterVO.anx4aAffirmComplStatus")
Name
Designation
Place
Date



Signatory Details
Name of signatory Sneha Bindra
Designation of person Company Secretary and Compliance Officer
Place Mumbai
Date 30-Apr-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 1
No. of investor complaints received during the Quarter 0
No. of investor complaints disposed off during the Quarter 1
No. of investor complaints those remaining unresolved at the end of the Quarter 0


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below
Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:
Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible
1 Additional Commissioner, CGST & C.X. Haldia Commissionerate, West Bengal. Order dated 27th March, 2026 passed by Additional Commissioner Haldia CGST & CX Commissionerate, disallow ineligible ITC Rs. 6,88,81,340/- and impose penalty of Rs. 6,88,81,340/- 27-Mar-2026 Provisions of section 74 imposed alleging suppression of fact. ITC was availed in excess of ITC available in table 8A of GSTR9 and violating section 16 conditions, amounting to wrong availment and resulting in disallowance of ineligible ITC. The financial impact of the aforesaid order is to the extent of the demand, penalty imposed, but there is no material impact on the company. The company intends to make an appeal with appropriate authority.
2 Superintendent of Central Tax, Hospet, Karnataka Order dated 30th March, 2026 passed by Superitendent of Central Tax, Range C, Hospet Division, demanded IGST of Rs. 2,70,000/- and imposed penalty of Rs. 2,70,000/-. 30-Mar-2026 Provisions of Section 16(2)(b) of CGST Act, 2017 The financial impact of the aforesaid order is to the extent of the demand, penalty imposed, but there is no material impact on the company. The company intends to make an appeal with appropriate authority.
3 Inspector of Legal Metrology, Inspection Squad‑1, Bengaluru, Karnataka Compounding of the alleged offence on payment of compounding penalty of INR 65,000 on March 23, 2026, in connection with declarations on certain pre‑packaged cement bags under the Legal Metrology (Packaged Commodities) Rules, 2011. 09-Feb-2026 Alleged deficiencies in mandatory declarations on five pre‑packed 50 kg bags of “JSW Max Super (PPC)” inspected at the aforesaid retail premises under the Legal Metrology (Packaged Commodities) Rules, 2011. Except for the compounding amount stated above, there is no other impact on the financial or operational activities of the Company.
4 Commissioner of Central Excise, Tirupathi CCE has issued Show cause Notice for disallowing Cenvat Credit availed on the Steel Items for Rs. 21,84,897/- (HR Plates/HR MS Plates/ MS Beams) and Cenvat Credit availed on various Input services for Rs. 1,79,09,970/- and also levied penalty of Rs. 10,00,000/- for the period August 2009 to May 2010 at Nandyal. E/25281/2013-DB & E/STAY/25345/2013Steel: 2184897.00 Service tax: 11114622 Penalty: 1000000/- The matter has been remanded by CESTAT, Hyderabad back to Adjudicating Authority for fresh consideration vide its OIA No.A/30074-30075/2026 dtd.06.02.2026 06-Feb-2026 Departments view that cenvat Credit availed on construction material which is restricted under Cenvat Credit Rules, 2004 The financial impact of the aforesaid order is to the extent of the demand, penalty imposed, but there is no material impact on the company.
5 Assistant Commissioner, Ameerpet division, Hyderabad The Department raised a demand on account of discrepancies in ITC reflected in GSTR-9, GSTR-3B, and GSTR-2A, along with short payment of GST under Reverse Charge Mechanism (RCM) transactions and excess availment of ITC. The Joint Commissioner (Appeals) has partially confirmed the demand of ₹21,93,909/- and imposed a penalty of ₹2,70,000/-. An appeal is proposed to be filed before the GST Appellate Tribunal (GSTAT). 06-Feb-2026 Provisions of Section 16(2)(c ) of CGST Act, 2017 The financial impact of the aforesaid order is to the extent of the demand, penalty imposed, but there is no material impact on the company. The company intends to make an appeal with appropriate authority.
6 Assistant Commissioner, State Tax, Jajpur Circle A Show Cause Notice (SCN) was issued and, upon adjudication, a demand of ₹14,36,076/- along with a penalty of ₹90,472/- and interest of ₹6,02,324/- was confirmed, disallowing the purported ineligible Input Tax Credit (ITC) availed under Section 17(5), as well as ITC claimed on vendor invoices where the suppliers had not filed returns. An appeal has been filed before the Additional Commissioner (Appeals). 27-Mar-2026 Provision of Section 16(2)(c ) and Section 17(5) of CGST Act, 2017 The financial impact of the aforesaid order is to the extent of the demand, penalty imposed, but there is no material impact on the company. An appeal has been filed before the Additional Commissioner (Appeals).


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute
1 Joint Commissioner, Haldia, CGST & CX Commissionerate, Kolkata 30-Jan-2024 The Additional Commissioner (Audit) subsequent to audit of the books of accounts and returns of the company had proposed a demand on the turnover difference due to profit centre mismatch in the trial balance, books of accounts and GSTR9 as reflected in GSTR-9C by issuing SCN dated.30.01.2024 with direction to file reply before the Addl/Joint Commissioner, Haldia Commissioner. The Company filed a reply and subsequently a personal hearing was held before the Joint Commisisoner, Haldia Commissioner. The Company has now received an order from the Joint Commissioner confirming the demand and is in the process of filing an appeal on the order. We do not anticipate any impact on the financials, operations and other activities of the Company. An Appeal before the Commissioner (Appeals), Kolkata-I was filed on 16.12.2025 against the order received from the Joint Commissioner confirming the demand.No Hearing is received yet.
2 Joint Commissioner, CGST & CX, Haldia Commissionerate, Kolkata 26-Jul-2023 The Department had audited the books of accounts of the Company for the period 2019-20 and 2020-21 and compared the GSTR2A ITC as available with that of Table 8A of GSTR9 filed for the period and on the differencial amount arising, concluded that Company has availed ITC on those invoices, where the Vendors may not have filed GSTR3B within prescribed timelines. Accordingly, a demand order has been raised on violation of provisions of Section 16(2)(c) of CGST Act, 2017. The Company intends to file an appeal on the order. We do not anticipate any impact on the financials, operations and other activities of the Company. A reply was filed against the demand on 4th November, 2025. Addl.Commissioner confirmed the entire demand vide his order dated 27.03.2026 subsequent to PH.An appeal would be filed before the Commissioner (Appeals) on or before 26.06.2026.