Shree Cement announced receipt of a Demand Order from the Department of Mines & Geology, Ajmer Circle, Rajasthan, imposing a penalty of Rs 68.56 lacs. The order relates to delayed compliance observed during a 2013 inspection concerning the Lease Deed executed under the Mineral Concession Rules, 1960, at the Sheopura Kesarpura Mines. The company stated the order has no major financial impact and confirmed that suitable legal actions will be pursued.
Regulatory Disclosure Issued
Shree Cement Limited officially informed the stock exchanges on 24th March, 2026, regarding regulatory action received from a state authority. The company disclosed that it has been served with a Demand Order by the Superintending Mining Engineer, Office of the Mining Engineer, Department of Mines & Geology, Ajmer Circle, Rajasthan.
Penalty Details and Origin
The nature of the action taken is a Demand Order imposing a penalty amounting to Rs 68.56 lacs. This imposition stems from observations made during an inspection conducted by DMG officials in 2013 at the Sheopura Kesarpura Mines in Rajasthan. The alleged contravention relates to delayed compliance, identified under Clause 2 & 3 of Part IX of the Lease deed executed under the Mineral Concession Rules, 1960.
Financial Implication and Next Steps
In its disclosure, the Company clarified that the financial impact of this specific order is considered not major on its overall operations. Furthermore, Shree Cement confirmed its intent to initiate suitable legal actions in due course to address the matter arising from the order received on 23rd March, 2026.
Source: BSE
