Mangalam Cement logo

Mangalam Cement MD, chairman, board of directors and AGM

NSE: MANGLMCEMBSE: 502157Cement & Cement ProductsSmall Cap

Last close ₹894.80down ₹12.80 (1.41%)BSE ₹895.10

Share price at the NSE close on 23 Oct 2026. Previous close ₹907.60.

52-week range of traded prices to 23 Oct 2026
₹679.35Low, 27 Nov 2025₹1,120.00High, 3 Sep 2026
Market cap
₹2,460 Cr1,103rd largest listed
P/E
21.4
P/E without one-offs
18.0
P/B
2.5
Dividend yield
0.17%
ROE
12.5%
ROE without one-offs
14.9%
ROCE
6.1%
Debt to equity
0.89
Volume, NSE
60,19946.9% delivered

Mangalam Cement board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonANSHUMAN VIKRAM JALAN
  • Company Secretary and Compliance OfficerPawan Kumar Thakur

8 directors4 independent2 executive2 non-executive

  • ANSHUMAN VIKRAM JALAN · ChairpersonExecutive · joined Jul 2009 · reappointed Apr 2026 · 2 listed boards · 2 committee seats
  • NAND GOPAL KHAITANNon-executive · joined Sep 2024 · 6 listed boards · 4 as independent · 6 committee seats, 3 as chair
  • GAURAV GOELNon-executive · joined Sep 2024 · 2 listed boards · 1 as independent · 3 committee seats
  • ANAND DAGAIndependent · joined Aug 2023 · 35 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • HIMALYANI GUPTAIndependent · joined Aug 2024 · 23 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 2 as chair
  • Arun ChawlaIndependent · joined Nov 2024 · 20 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Yaswant MishraExecutive · joined Feb 2025 · 1 listed board
  • AJIT CHERIAN KURUVILLAIndependent · joined May 2025 · 14 months as independent · 1 listed board · 1 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • KAMAL CHAND JAIN, left 23 Oct 2024: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 16 May 20268 of 8 present4 independent · 98 days in between
    • 6 Feb 20267 of 8 present4 independent

  • Audit Committee

    Chair HIMALYANI GUPTA

    ANAND DAGA, NAND GOPAL KHAITAN, Arun Chawla

    • 16 May 20264 of 4 present3 independent · 98 days in between
    • 6 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair HIMALYANI GUPTA

    NAND GOPAL KHAITAN, Arun Chawla

    • 16 May 20263 of 3 present2 independent
    • 6 Feb 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair NAND GOPAL KHAITAN

    HIMALYANI GUPTA, GAURAV GOEL

    No meeting listed in the filing.

  • Risk Management Committee

    Chair ANSHUMAN VIKRAM JALAN

    NAND GOPAL KHAITAN, ANAND DAGA, Yaswant Mishra

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair ANSHUMAN VIKRAM JALAN

    ANAND DAGA, GAURAV GOEL

    • 16 May 20262 of 3 present1 independent · 98 days in between
    • 6 Feb 20262 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M/s Singhi & CoPeer-review certificate valid to Aug 2026
1 earlier auditor
  • Singhi & Co.Named in filings from Mar 2025 to Jun 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Mangalam Cement AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Mangalam Cement dividend history

Annual general meeting, 21 Aug 2026

28,901 shareholders on the register on 14 Aug 2026; present: 7 promoters and 66 others; votes counted by SHRI AKSHIT KUMAR JANGID / M/S PINCHAA & CO..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2026 together with the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 58.36% · promoters 100.00% · institutions 92.22% · other public 15.99%

  2. To declare final dividend of Rs. 1.50 (15%) per equity share for the financial year ended 31st March, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 58.36% · promoters 100.00% · institutions 92.22% · other public 15.99%

  3. To consider and appoint a Director in place of Shri Gaurav Goel (DIN: 00076111) Non-Executive Non-Independent Director who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.MoreLess
    Ordinary
    99.12% for0.88% against

    Against: promoters 0.00% · institutions 4.83% · other public 0.04%

    Turnout: all 58.36% · promoters 100.00% · institutions 92.22% · other public 15.99%

  4. To ratify the remuneration payable to M/s J. K. Kabra & Co., the Cost Auditors, for the financial year ending 31st March, 2027.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 58.36% · promoters 100.00% · institutions 92.22% · other public 15.99%

  5. To consider and approve increase in borrowing limits from existing Rs. 2,000 Crores to Rs. 3,000 Crores under Section 180(1)(c) of the Companies Act, 2013
    Special
    99.12% for0.88% against

    Against: promoters 0.00% · institutions 4.83% · other public 0.04%

    Turnout: all 58.36% · promoters 100.00% · institutions 92.22% · other public 15.99%

  6. To consider and give authority to create charge and/or mortgage on the assets of the Company up to Rs. 3,000 Crores (Rupees Three Thousand Crore) under section 180(1)(a) of the Companies Act, 2013
    Special
    99.12% for0.88% against

    Against: promoters 0.00% · institutions 4.83% · other public 0.04%

    Turnout: all 58.36% · promoters 100.00% · institutions 92.22% · other public 15.99%

  7. To consider and approve granting of authority under Section 186 of the Companies Act, 2013 to make loans give guarantees, provide securities and/or make investments in excess of the limits prescribed under Section 186 of the Companies Act, 2013MoreLess
    Special
    99.12% for0.88% against

    Against: promoters 0.00% · institutions 4.83% · other public 0.04%

    Turnout: all 58.36% · promoters 100.00% · institutions 92.22% · other public 15.99%

  8. To consider and approve granting of consent to advance loans, and/or to give guarantees and/or provide Securities in connection with loans taken/to be taken by any persons in whom any of the Directors of the Company is interested in terms of section 185 of the Companies Act, 2013MoreLess
    Special
    99.12% for0.88% against

    Against: promoters 0.00% · institutions 4.83% · other public 0.04%

    Turnout: all 58.36% · promoters 100.00% · institutions 92.22% · other public 15.99%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 5 Apr 2026, 1 resolution

31,056 shareholders on the register on 27 Feb 2026; votes counted by AKSHIT KUMAR JANGID / PINCHAA & CO..The company's voting result (opens in a new tab)

  1. To approve the re-appointment of Shri Anshuman Vikram Jalan (DIN: 01455782), Chairman as Whole-Time Director of the Company for a further term of Three (3) Years
    SpecialPromoters have an interest in it
    98.92% for1.08% against

    Against: promoters 0.00% · institutions 8.14% · other public 0.23%

    Turnout: all 48.48% · promoters 99.00% · institutions 51.75% · other public 5.32%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 22 Aug 2025, 6 resolutions

32,812 shareholders on the register on 15 Aug 2025; present: 7 promoters and 60 others; votes counted by SHRI AKSHIT KUMAR JANGID / M/S PINCHAA & CO..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the year ended 31st March, 2025 together with the Reports of the Directors’ and Auditors’ thereon.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.24%

    Turnout: all 55.96% · promoters 100.00% · institutions 72.26% · other public 15.06%

  2. To declare final dividend of ₹ 1.50 (15%) per equity shares for the financial year ended 31st March, 2025.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.24%

    Turnout: all 55.96% · promoters 100.00% · institutions 72.26% · other public 15.06%

  3. To consider and appoint a Director in place of Shri Nand Gopal Khaitan (DIN:00020588) Non-Executive Non-Independent Director who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.MoreLess
    Ordinary
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.52% · other public 0.24%

    Turnout: all 55.96% · promoters 100.00% · institutions 72.26% · other public 15.06%

  4. To ratify the remuneration payable to M/s J. K. Kabra & Co., the Cost Auditors, for the financial year ending 31st March, 2026.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.24%

    Turnout: all 55.96% · promoters 100.00% · institutions 72.26% · other public 15.06%

  5. To appoint M/s Pinchaa & Co, Firm of Practicing Company Secretaries as Secretarial Auditor of the Company for a first term of 5 (five) years.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.24%

    Turnout: all 55.96% · promoters 100.00% · institutions 72.26% · other public 15.06%

  6. To consider and approve continuation of holding of office by Shri Nand Gopal Khaitan (DIN 00020588), Non-Executive Non-Independent Director after his attaining the age of 75 (Seventy Five) years.
    Special
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.52% · other public 0.26%

    Turnout: all 55.96% · promoters 100.00% · institutions 72.26% · other public 15.06%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Jul 2025, 1 resolution

32,133 shareholders on the register on 13 Jun 2025; votes counted by AKSHIT KUMAR JANGID / PINCHAA & CO..The company's voting result (opens in a new tab)

  1. Appointment of Mr. Ajit Cherian Kuruvilla (DIN: 11087659) as an Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 53.62% · promoters 96.62% · institutions 84.25% · other public 9.32%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 1 May 2025, 2 resolutions

32,333 shareholders on the register on 28 Mar 2025; votes counted by AKSHIT KUMAR JANGID / PINCHAA & CO..The company's voting result (opens in a new tab)

  1. Appointment of Shri Yaswant Mishra (DIN: 00305109) as Director
    Ordinary
    98.97% for1.03% against

    Against: promoters 0.00% · institutions 11.38% · other public 0.09%

    Turnout: all 53.40% · promoters 99.90% · institutions 44.05% · other public 18.83%

  2. Appointment of Shri Yaswant Mishra (DIN: 00305109) as an Executive Director of the Company.
    Special
    98.97% for1.03% against

    Against: promoters 0.00% · institutions 11.38% · other public 0.09%

    Turnout: all 53.40% · promoters 99.90% · institutions 44.05% · other public 18.83%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 11 Jan 2025, 1 resolution

34,173 shareholders on the register on 6 Dec 2024; votes counted by AKSHIT KUMAR JANGID / PINCHAA & CO..The company's voting result (opens in a new tab)

  1. Appointment of Mr. Arun Chawla (DIN: 10520552) as Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 52.50% · promoters 99.89% · institutions 42.80% · other public 20.73%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 28 Oct 2024, 7 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Smt. Himalyani Gupta (DIN: 00607140) as Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 52.13% · promoters 98.81% · institutions 43.14% · other public 20.92%

  2. To appoint Shri Nand Gopal Khaitan (DIN: 00020588) as Non-Executive Non-Independent Director of the Company
    Ordinary
    98.38% for1.62% against

    Against: promoters 0.00% · institutions 17.85% · other public 0.00%

    Turnout: all 52.13% · promoters 98.81% · institutions 43.14% · other public 20.92%

  3. To appoint Shri Gaurav Goel (DIN: 00076111) as Non-Executive Non-Independent Director of the Company
    Ordinary
    98.55% for1.45% against

    Against: promoters 0.00% · institutions 15.99% · other public 0.00%

    Turnout: all 52.13% · promoters 98.81% · institutions 43.14% · other public 20.92%

  4. Re-appointment of Shri Kamal Chand Jain (DIN: 00029985) for a second term of five (5) consecutive years.
    Special
    98.55% for1.45% against

    Against: promoters 0.00% · institutions 15.99% · other public 0.01%

    Turnout: all 52.13% · promoters 98.81% · institutions 43.14% · other public 20.92%

  5. To approve continuation of Directorship of Shri Kamal Chand Jain (DIN: 00029985) who has already attained the age of 75 years
    Special
    98.55% for1.45% against

    Against: promoters 0.00% · institutions 15.99% · other public 0.02%

    Turnout: all 52.13% · promoters 98.81% · institutions 43.14% · other public 20.92%

  6. Alteration of Memorandum of Association of the Company in order to bring the existing MOA in line with the new Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 52.13% · promoters 98.81% · institutions 43.14% · other public 20.92%

  7. Adoption of new set of Articles of Association of the Company pursuant to the Companies Act, 2013.
    Special
    98.38% for1.62% against

    Against: promoters 0.00% · institutions 17.85% · other public 0.00%

    Turnout: all 52.13% · promoters 98.81% · institutions 43.14% · other public 20.92%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Jul 2024, 5 resolutions

Present: 5 promoters and 59 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the year ended 31st March, 2024 together with the Reports of the Directors’ and Auditors’ thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 59.46% · promoters 99.89% · institutions 82.04% · other public 24.74%

  2. To declare final dividend of Rs. 1.50 (15%) per equity shares for the financial year ended 31st March, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 59.46% · promoters 99.89% · institutions 82.04% · other public 24.74%

  3. To consider and appoint a Director in place of Shri Anshuman Vikram Jalan (DIN: 01455782) who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.32% · other public 0.01%

    Turnout: all 59.46% · promoters 99.89% · institutions 82.04% · other public 24.74%

  4. To ratify the remuneration payable to M/s J. K. Kabra & Co., the Cost Auditors, for the financial year ending 31st March, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 59.46% · promoters 99.89% · institutions 82.04% · other public 24.74%

  5. To approve the payment of remuneration by way of commission to Non–Executive Directors of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 59.46% · promoters 99.89% · institutions 82.04% · other public 24.74%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 5 Apr 2026, 1 fund house

  • To approve the re-appointment of Shri Anshuman Vikram Jalan (DIN: 01455782), Chairman as Whole-Time Director of the Company for a further term of Three (3) Years
    1 for0 against

Mutual fund votes, meeting of 22 Aug 2025, 1 fund house

  • To receive, consider and adopt the Audited Financial Statements of the Company for the year ended 31st March, 2025 together with the Reports of the Directors’ and Auditors’ thereon.
    1 for0 against
  • To declare final dividend of ₹ 1.50 (15%) per equity shares for the financial year ended 31st March, 2025.
    1 for0 against
  • To consider and appoint a Director in place of Shri Nand Gopal Khaitan (DIN:00020588) Non-Executive Non-Independent Director who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.MoreLess
    1 for0 against
  • To ratify the remuneration payable to M/s J. K. Kabra & Co., the Cost Auditors, for the financial year ending 31st March, 2026.
    1 for0 against
  • To appoint M/s Pinchaa & Co, Firm of Practicing Company Secretaries as Secretarial Auditor of the Company for a first term of 5 (five) years.
    1 for0 against
  • To consider and approve continuation of holding of office by Shri Nand Gopal Khaitan (DIN 00020588), Non-Executive Non-Independent Director after his attaining the age of 75 (Seventy Five) years.
    1 for0 against
5 earlier meetings

Mutual fund votes, meeting of 19 Jul 2025, 1 fund house

  • Appointment of Mr. Ajit Cherian Kuruvilla (DIN: 11087659) as an Independent Director of the Company
    1 for0 against

Mutual fund votes, meeting of 1 May 2025, 1 fund house

  • Appointment of Shri Yaswant Mishra (DIN: 00305109) as Director
    1 for0 against
  • Appointment of Shri Yaswant Mishra (DIN: 00305109) as an Executive Director of the Company.
    1 for0 against

Mutual fund votes, meeting of 11 Jan 2025, 1 fund house

  • Appointment of Mr. Arun Chawla (DIN: 10520552) as Independent Director of the Company
    1 for0 against

Mutual fund votes, meeting of 28 Oct 2024, 1 fund house

  • 1. Appointment of Smt. Himalyani Gupta (DIN: 00607140) as Independent Director of the Company 2. To appoint Shri Nand Gopal Khaitan (DIN: 00020588) as Non-Executive Non-Independent Director of the Company 3. To appoint Shri Gaurav Goel (DIN: 00076111) as Non-Executive Non Independent Director of the Company 4. Re-appointment of Shri Kamal Chand Jain (DIN: 00029985) for a second term of five (5) consecutive years. 5. To approve continuation of Directorship of Shri Kamal Chand Jain (DIN: 00029985) who has already attained the age of 75 years 6. Alteration of Memorandum of Association of the Company in order to bring the existing MOA in line with the new Companies Act, 2013 7. Adoption of new set of Articles of Association of the Company pursuant to the Companies Act, 2013.MoreLess
    1 for0 against

Mutual fund votes, meeting of 27 Jul 2024, 1 fund house

  • 1. To receive, consider and adopt the Audited Financial Statements of the Company for the year ended 31st March, 2024 together with the Reports of the Directors’ and Auditors’ thereon. 2. To declare final dividend of Rs. 1.50 (15%) per equity shares for the financial year ended 31st March, 2024. 3. To consider and appoint a Director in place of Shri Anshuman Vikram Jalan (DIN: 01455782) who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment. 4. To ratify the remuneration payable to M/s J. K. Kabra & Co., the Cost Auditors, for the financial year ending 31st March, 2025. 5. To approve the payment of remuneration by way of commission to Non– Executive Directors of the Company.MoreLess
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes and stakes in unlisted companies

Reported in the filing for the quarter to Jun 2026.

  • Unlisted stake heldSuryadeep RJ1 Projects Private LimitedSince 4 Nov 2024

    0.00% bought in the quarter; holding 33.16%, from 33.16%

  • Tax disputeIncome Tax DepartmentSince 14 Jan 2017
    The appeal is pending with CIT(Appeals).
    At the filing before: AO made additions of Rs. 850.66 Lakhs by disallowing certain expenses for A.Y. 2014-15. However, no tax liability arise in A.Y. 2014-15 due to unabsorbed depreciation of Rs. 8,464.28 Lakhs as per AO order dated 29.12.2016 u/s 143(3). However, tax liability of Rs. 289.14 Lakhs may arise in future assessment years in case the appeal is decided against the Company.MoreLess
  • Tax disputeIncome Tax DepartmentSince 19 Jan 2018
    The appeal is pending with CIT (Appeals).
    At the filing before: AO made additions of Rs. 848.29 Lakhs by disallowing certain expenses for A.Y. 2015-16, However, no tax liability arise in A.Y. 2015-16 due to unabsorbed depreciation of Rs. 8,084.76 Lakhs as per AO order dated 28.12.2017 u/s 143(3). However, tax liability of Rs. 288.33 Lakhs may arise in future assessment years in case the appeal is decided against the Company.MoreLess
  • Tax disputeIncome Tax DepartmentSince 16 Jan 2020
    The appeal is pending with CIT(Appeals).
    At the filing before: AO made additions of Rs. 1,832.08 Lakhs by disallowing certain expenses for A.Y. 2017-18. However, no tax liability arise in A.Y. 2017-18 due to unabsorbed depreciation of Rs. 22,724.76 Lakhs as per AO order dated 27.12.2019 u/s 143(3). However, tax liability of Rs. 572.68 Lakhs may arise in future assessment years in case the appeal is decided against the Company.MoreLess
  • Tax disputeIncome Tax DepartmentSince 31 May 2018
    The appeal is pending with Honourable Supreme Court.
    At the filing before: Appeal filed by the Income Tax Department against the order dated 19.09.2017 of Honourable Rajasthan High Court Jaipur Bench in DBIT appeal no 138/2014 for A.Y. 2009-10 for waiver of Sales Tax Deferment Scheme Loan and certain expenditure. Total Value involved Rs. 1,896.24 Lakhs, Tax Liability of Rs. 644.53 Lakhs may arise if appeal is decided in favour of Income Tax Department.MoreLess
  • Tax disputeIncome Tax DepartmentSince 20 May 2023
    The appeal is pending with Honourable Rajasthan High Court, Jaipur Bench.
    At the filing before: Appeal filed by the Income Tax Department against the order dated 28.11.2022 of ITAT, Jaipur Bench in ITA NO.6/JP/2022 for A.Y. 2018-19 in the matter of Rs. 6,734.34 lakhs towards 80IA TP adjustment. The Company has not claimed 80IA deduction in A.Y. 2018-19 due to carried forward unabsorbed depreciation and Business losses. No Regular tax liability arise due to carried forward unabsorbed depreciation and Business losses. However, tax liability of Rs. 2,330.62 Lakhs may arise in future assessment years in case the appeal is decided against the Company.MoreLess
  • Tax disputeIncome Tax DepartmentSince 31 May 2024
    The Appeal decided in our favour vide order dated 15.01.25 by ITAT, Jaipur Bench. The Principal Commissioner Income Tax, Udaipur, has preferred an appeal before the Rajasthan High Court (Jaipur Bench) challenging the order of the ITAT dated 15.01.25 passed under Section 254 of the Income Tax Act, 1961.MoreLess
    At the filing before: Appeal filed by Company on 25.06.2024 against the final assessment order dated 31.05.2024 u/s 143(3) r.w.s.144C (13) & r.w.s.144B issued by Faceless Assessment Unit of Income Tax Department for A.Y. 2020-21 for addition of Rs 4,616.39 Lakhs towards 80IA TP adjustment. The Company has not claimed 80IA deduction in A.Y. 2020-21 due to carried forward unabsorbed depreciation and Business Losses of Rs. 34,086.52 Lakhs. The 80IA issue of TP Adjustment already decided in our favour by ITAT, Jaipur Bench vide order dated 28.11.2022 in AY 2018-19. However, tax liability of Rs. 1,613.15 Lakhs may arise in future assessment years in case the appeal is decided against the Company.MoreLess
  • Tax disputeIncome Tax DepartmentSince 18 Nov 2024
    The Appeal decided in Company's favour vide order dated 28.04.25 by ITAT, Jaipur Bench.
    At the filing before: Appeal filed by Company on 18.11.2024 against the final assessment order dated 19.09.2024 u/s 143(3) r.w.s.144C (13) & r.w.s.144B issued by Faceless Assessment Unit of Income Tax Department for A.Y. 2021-22 for addition of Rs. 4864.38 Lakhs towards 80IA TP adjustment. The Company have not claimed 80IA deduction in A.Y. 2021-22 due to carried forward unabsorbed depreciation of Rs. 23,066.46 Lakhs. The 80IA issue of TP Adjustment already decided in our favour by ITAT, Jaipur Bench vide order dated 28.11.2022 in A.Y. 2018-19. No Regular tax liability arise in Assessment Year 2021-22 due to carried forward unabsorbed depreciation of Rs. 23,066.46 Lakhs. However, tax liability of Rs. 1,699.81 Lakhs may arise in future assessment years in case the appeal is decided against the Company.MoreLess
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  • Tax disputeCentral Excise DepartmentSince 24 Jul 2017
    The said Case is pending at Honourable Rajasthan High Court, Jaipur.
    At the filing before: Appeal has been filed by GST Dept. with Honourable Rajasthan High Court, Jaipur against the CESTAT Delhi order dated 24.07.2017 decided in the favour of Company for Cenvat Credit & Input Service tax credit availed by the Company amounting to Rs. 1,378.12 Lacs.MoreLess
  • Tax disputeService TaxSince 28 Sep 2017
    Appeal is pending with Hon'ble Rajasthan High Court, Jaipur.
    At the filing before: Appeal has been filed by GST Dept. with Hon'ble Rajasthan High Court, Jaipur against the CESTAT Delhi order dated 28.09.2017 decided in the favour of Company for Service Tax Credit availed by the Company amounting to Rs. 338.45 lacs.MoreLess
  • Tax disputeService TaxSince 8 Feb 2020
    Appeal is pending with CESTAT Delhi
    At the filing before: Company has filed an appeal with CESTAT Delhi against the order dated 08.02.2020 passed by Commissioner, GST Deptt. Udaipur for Service Tax Credit availed by the Company amounting to Rs. 291.19 lacs.
  • Tax disputeGoods and Service TaxSince 4 Aug 2024
    Appeal is pending with Ho’ble Commissioner Appeal Jodhpur
    At the filing before: Company has filed an appeal with Commissioner Appeal Jodhpur against the order dated 16.01.2025 passed by Deputy Commissioner, GST Deptt. Kota for Input Service Tax Credit availed by the Company amounting to Rs. 347.30 lacs.MoreLess
  • Tax disputeIncome Tax DepartmentSince 16 Oct 2025
    The appeal is pending with CIT(Appeals).
    At the filing before: Company has made an appeal to CIT(A) on 16th October 2025 w.r.t. A.Y. 2020-21 alleging JAO has erred in not granting interest to the extent of Rs. 1,23,11,343 under section 244A of the Income Tax Act by incorrectly computing the interest only for 14 months as against 56 months.MoreLess
  • Tax disputeDepartment of Mines & Geology, Govt. of RajasthanSince 16 Jun 2004
    Company had filed writ petition(s) with Hon'ble High Court, Rajasthan and same are pending. Company has deposited Rs. 5.58 Crores (1.59 Crores + Rs. 2.81 Crores + Rs. 1.18 Crores) under protest. On 21.01.2023 Company has received letters from M.E Ramganjmandi regarding withdrawal of Re-Assessment Order dated 16.06.2004 for period 1995-96 to 2001-02. Further, on 15.11.2025 Company has filed writ petition with High Court, Jaipur for withdrawal of S.B Civil writ petition no. 4597/2004 for period from 1995-96 to 2001-02 and for appropriate directions regarding refund of amount deposited under protest. (Deposited amount to be refunded= 1.59 + 2.81 = 4.4 Crores and Additional demand towards interest 1.70 Crores to be withdrawn automatically.) But Writ petition filed in the High Court, Jaipur for the period from 2002-03 to 2013-14 regarding conversion factor matter remains the same.MoreLess
    At the filing before: Company had received demand letter(s) regarding the assessment of the Limestone Royalty re-assessment calculated for the period:- (a) 1995-96 to 2001-02 amounting to Rs. 1.59 Crores. (b) 2002-03 to 2008-09 amounting to Rs. 1.18 Crores (c) 2009-10 to 2012-13 amounting to Rs. 1.22 Crores Further, Company has received demand letter(s) to deposit the interest calculated over above re-assessment:- (a) 1995-96 to 2001-02 amounting to Rs. 2.81 Crores. (b) additional interest amount of Rs. 1.71 Crores basis CAG Report against the Limestone royalty re-assessment for the period 1995-96 to 2001-02.MoreLess
  • Tax disputeDepartment of Mines & Geology, Govt. of RajasthanSince 3 Mar 2025
    The company has filed Writ petition with Hon'ble High Court, Rajasthan and as per Directions of Hon’ble High Court, Jaipur Company has under protest deposited Rs. 3.03 Crores i.e. 50% of the total outstanding amount except the amount under the Head of DMFT.MoreLess
    At the filing before: The company has received a demand letter dated 03.03.2025 from Mining Engineer Ramganjmandi regarding royalty assessment of Limestone from 2013-14 to 2023-24 demanding royalty, DMFT and NMET amounting to Rs. 11.27 Crores. Company on 30.07.2025 has further received a revised Demand letter w.r.t. DMFT and the same has been reduced to from Rs. 5.20 Crores to Rs. 89.51 Lacs.MoreLess
  • Tax disputeRajasthan Rajya Vidyut Utpadan Nigam Ltd.Since 10 Nov 2022
    Company has filed substitute arbitration application no. 117/2022 for seeking substitution of sole arbitrator in place of previous sole arbitrator. Company and RRVUNL, both had also filed Civil Misc. Appeal(s) partly challenging order dated 13.09.2022 passed by the Commercial Court, Jaipur. And said matters disposed vide Order dated 14.10.2025 and the Hon'ble High Court is set-aside the Order dated 13.09.2022 passed by the Commercial Court under Section 34 of the Arbitration and Conciliation Act, 1996. The proceedings under Section 34 of the Act of 1996, are restored to their original stage. The learned Commercial Court is directed to decide the same afresh, strictly in accordance with law and keeping in view the observations of the Hon’ble Supreme Court in Gayatri Balasamy. The Commercial Court, Jaipur heard cases CIS-368/2019 (MCL vs RRVUNL) & CIS-369/2019 (RRVUNL vs MCL) and disposed of the matters vide its order dated 06.03.2026. Presently matter related to Arbitration Application no. 117 of 2022 is pending before the Hon’ble Rajasthan High Court, Jaipur Bench.MoreLess
    At the filing before: Company has received a notice from Rajasthan Rajya Vidyut Utpadan Nigam Ltd. (RRVUNL) demanding Rs. 17.84 Crores plus GST for payment of differential amount towards price of fly ash from 01.01.2015 in terms of the Judgment dated 19.01.2017 passed by Hon'ble Supreme Court, referring arbitral award dated 18.02.2015 as also the order dated 17.05.2015 passed by the Arbitral Tribunal being set aside by the Common Judgment dated 13.09.2022 passed by Learned Commercial Court No. 4, Jaipur Metropolitan II, Jaipur.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Mar 2026.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.