Shree Cement receives Rs 68.56 lakh penalty demand order from Rajasthan mining dept.
Shree Cement Limited received a demand order from the mining department imposing a penalty of ₹68.56 lakh. The penalty is for delayed compliance observed in 2013. The company stated the order has no major financial impact and legal action will be pursued.
The company explicitly stated that the order has no major financial impact, limiting the overall impact.
The company has received a penalty demand order, which is a negative development.
Shree Cement Limited has announced that it has received demand orders from the Office of the Mining Engineer, Department of Mines & Geology, Ajmer Circle, Rajasthan. The Superintending Mining Engineer has imposed a penalty of ₹68.56 lakh.
This demand order pertains to delayed compliance observed in 2013 during an inspection conducted by the Department of Mines & Geology (DMG) officials at Sheopura Kesarpura Mines, Rajasthan. The alleged contravention relates to Clause 2 & 3 of Part IX of the Lease deed executed under the Mineral Concession Rules, 1960.
The company has stated that the order has no major financial impact and that suitable legal actions will be taken in due course. The order was received by the company on 23rd March, 2026.
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SHREE CEMENT LIMITED filed this with the NSE as a statutory disclosure, categorised under regulatory impact. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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