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CreditAccess Grameen Secures USD 75 Million Syndicated Social Loan Facility
CreditAccess Grameen (CA Grameen) has successfully raised USD 75 million through a syndicated social loan facility, with HSBC acting as the sole lead arranger. This fundraise is part of a larger strategy that has seen the company secure over USD 300 million in global commitments during FY 2025-26. The company has significantly diversified its liability franchise, increasing its share of foreign borrowings from 9% to 24% over the last five years. These funds, with a 3-5 year tenure, will improve the company's asset-liability management (ALM) and support its microfinance lending operations.
Key Highlights
Secured USD 75 million syndicated social loan facility from a diverse group of international banks including HSBC, Doha Bank, and Bank of China.
Total foreign commitments for FY 2025-26 now exceed USD 300 million, strengthening the liability franchise.
Share of foreign borrowings in the total liability mix has grown from 9% to 24% over the past five years.
Foreign sources accounted for over 15% of the company's total borrowing requirements in FY 2025-26.
The 3-5 year tenure of these borrowings significantly enhances the company's ALM profile and liquidity position.
💼 Action for Investors
Investors should view this as a positive development reflecting the company's strong credit profile and ability to access low-cost international capital. The diversification of funding sources and improved ALM profile are likely to support stable margins and long-term growth.
Accuracy Shipping Q3 FY26 Revenue Drops 39% YoY; PAT Declines to ₹5.65 Million
Accuracy Shipping Limited reported a weak set of numbers for the quarter ended December 31, 2025, with a significant decline in both revenue and profitability. Revenue from operations fell by 38.9% year-on-year to ₹1,547.93 million, while net profit dropped to ₹5.65 million from ₹8.42 million in the previous year's corresponding quarter. The company's core logistics segment saw a sharp revenue contraction, and the petroleum products division reported an EBIT loss of ₹3.15 million. For the nine-month period, net profit has halved compared to the previous year, indicating sustained margin pressure.
Key Highlights
Revenue from operations decreased by 38.9% YoY to ₹1,547.93 million in Q3 FY26.
Net Profit for the quarter fell to ₹5.65 million, down from ₹8.42 million in Q3 FY25.
9-month FY26 PAT stands at ₹18.89 million, a 50.4% decline compared to ₹38.12 million in 9M FY25.
Logistics Services segment revenue contracted to ₹1,126.60 million from ₹1,924.04 million YoY.
The Petrol & Petroleum Products segment recorded an EBIT loss of ₹3.15 million for the quarter.
💼 Action for Investors
Investors should exercise caution as the company is experiencing a sharp downturn in its primary logistics business and reporting losses in its petroleum segment. The significant 50% drop in 9-month profitability suggests a challenging environment that may continue to weigh on the stock price.
CreditAccess Grameen Promoter Explores Stake Sale to Provide Exit for Long-Term Investors
CreditAccess Grameen's promoter, CreditAccess India B.V., has announced it is exploring the possibility of identifying new investors. This move is intended to provide an exit opportunity for the promoter's own long-term investors, as reported in The Economic Times on February 09, 2026. While the company has not confirmed a specific deal, this indicates a potential significant shift in the shareholding structure. Investors should note that no material development has been finalized yet, but the search for new capital partners is officially underway.
Key Highlights
Promoter CreditAccess India B.V. is seeking new investors to facilitate an exit for existing backers.
The announcement follows a news report in The Economic Times dated February 09, 2026.
The company clarified the situation under Regulation 30 of SEBI Listing Obligations.
No specific transaction size, valuation, or timeline has been disclosed at this stage.
The company has committed to making further disclosures as material developments occur.
💼 Action for Investors
Investors should monitor the stock closely as a change in promoter backing or a large secondary market transaction can lead to price volatility. Wait for clarity on the profile of the incoming investors and the potential impact on management continuity.
ACC/Ambuja Cements Targets 155 MTPA Capacity by March 2028 in New Investor Update
ACC, operating under the Ambuja Cements platform, has outlined an aggressive growth roadmap to reach 155 MTPA capacity by March 2028, up from 109 MTPA in December 2025. The company is positioning itself to benefit from India's infrastructure super-cycle, supported by a $130 billion government capex allocation for FY26. By leveraging Adani Group synergies in logistics, energy, and digital infrastructure, the company aims to achieve significant cost leadership. The presentation highlights that India's per capita cement consumption of 290kg is still 45% below the global average, providing a long-term structural growth runway.
Key Highlights
Capacity expansion roadmap: 67.5 MTPA in Sept 2022 to 109 MTPA in Dec 2025, targeting 155 MTPA by March 2028.
India's FY26 GDP growth is estimated at 7.4%, with cement demand projected to grow at approximately 8%.
Infrastructure and housing segments are expected to drive demand with growth rates of 7.5-8.5% and 6-7% respectively in FY26.
Strategic focus on decarbonization with SBTi-validated net-zero targets for 2030 and 2050.
Adani Portfolio synergies provide vertical integration across ports, power, and multimodal transport to lower logistics costs.
💼 Action for Investors
Investors should monitor the timely execution of the 155 MTPA capacity expansion and the realization of cost synergies from the Adani ecosystem. The stock remains a key proxy for India's infrastructure and urbanization themes.
Ambuja/ACC Q3 FY26: Normalized PAT Jumps 258%, Sales Volume Up 17% to 18.9 MT
Ambuja Cements (including ACC) reported a robust Q3 FY26 with sales volumes growing 17% Y-o-Y to 18.9 million tons, significantly outperforming the industry. Normalized EBITDA rose 53% to INR 1,353 crores, while normalized PAT surged 258% to INR 378 crores. The company is aggressively scaling capacity, targeting 115 MTPA by March 2026 and 155 MTPA by March 2028. Management highlighted a strong cost reduction trajectory, with December exit costs falling below INR 4,000 per ton.
Key Highlights
Reported highest ever quarterly sales volume of 18.9 million tons, up 17% Y-o-Y.
Normalized EBITDA per ton increased by 31% Y-o-Y to INR 718.
Current capacity stands at 109 MTPA following the commissioning of the 2.4 MTPA Marwar unit.
Renewable energy capacity reached 900 MW, with a target of 1,122 MW by FY27 to lower power costs.
Amalgamation of ACC and Orient Cement with Ambuja is underway to create a unified 'One Cement Platform'.
💼 Action for Investors
Investors should monitor the successful integration of acquired assets and the progress toward the 155 MTPA capacity target. The company's focus on premiumization and cost leadership through green energy makes it a strong play in the consolidating cement sector.
CreditAccess Grameen Denies Axis Bank Buyout Rumors as Speculative
CreditAccess Grameen Limited has issued a formal clarification to the stock exchanges regarding media reports suggesting Axis Bank is in the lead to acquire the company. The management has labeled these reports as "baseless and speculative," stating that no decisions have been made regarding a potential sale by promoters. While the company acknowledged that promoters periodically evaluate liquidity options, they confirmed there is no material information currently requiring disclosure under Regulation 30. This response follows a sharp movement in trading activity triggered by the acquisition rumors.
Key Highlights
Company officially denies reports of Axis Bank leading a buyout, calling them speculative.
Promoters confirm no decision has been reached regarding any stake sale or investment by the named bank.
Management states no undisclosed material information exists under SEBI LODR Regulation 30.
The company maintains that promoters periodically evaluate liquidity options for shareholders as a standard practice.
💼 Action for Investors
Investors should remain cautious and avoid trading based solely on acquisition rumors which the company has officially denied. Focus on the company's core microfinance performance while monitoring for any official updates regarding promoter stake changes.
ACC Q3 FY26: Consolidated EBITDA Jumps 53% to ₹1,353 Cr; Merger with Ambuja on Track
ACC Limited (as part of the Ambuja/Adani platform) reported a robust Q3 FY26 performance with consolidated revenue growing 20% YoY to ₹10,277 crore. EBITDA surged 53% YoY to ₹1,353 crore, driven by a 31% improvement in EBITDA per tonne to ₹718. The company remains debt-free with a net worth of ₹69,854 crore and is progressing with its amalgamation into Ambuja Cements to create a unified 'One Cement Platform'. Management has set an ambitious target to reach 155 MTPA capacity and ₹1,500 EBITDA per tonne by March 2028.
Key Highlights
Q3 FY26 consolidated EBITDA grew 53% YoY to ₹1,353 crore with EBITDA PMT increasing 31% to ₹718.
Total cement capacity reached 109 MTPA following the commissioning of the 2.4 MTPA Marwar unit.
The company remains debt-free with a strong net worth of ₹69,854 crore and a cash-rich balance sheet.
Amalgamation with Ambuja Cements and Orient Cement is underway, with completion expected during FY27.
Renewable energy capacity increased to 898 MW, contributing to a 38% green power share in 9M FY26.
💼 Action for Investors
Investors should benefit from the significant operational synergies and cost leadership emerging from the 'One Cement' consolidation. The debt-free balance sheet and aggressive capacity expansion targets make this a strong long-term play in the Indian infrastructure sector.
Accelya Solutions Declares Interim Dividend of Rs 45 Per Share; Sets Record Date
Accelya Solutions India Limited has announced a substantial interim dividend of Rs 45 per equity share for the financial year 2025-26. The decision was finalized during the Board of Directors meeting held on January 29, 2026. The company has established February 6, 2026, as the record date to identify shareholders eligible for this payout. Investors can expect the dividend to be credited or dispatched by February 25, 2026.
Key Highlights
Interim dividend declared at Rs 45 per equity share for FY 2025-26
Record date for dividend eligibility is fixed as February 6, 2026
Dividend payout date is scheduled for February 25, 2026
Board meeting concluded at 3:55 PM on January 29, 2026
💼 Action for Investors
Investors seeking dividend income should ensure they hold the shares before the ex-dividend date to qualify for the Rs 45 per share payout. The high dividend amount reflects a strong commitment to returning capital to shareholders.
Accelya Solutions Declares Interim Dividend of Rs. 45 Per Share
Accelya Solutions India Limited has announced a substantial interim dividend of Rs. 45 per equity share for the financial year 2025-26. The Board of Directors approved this payout during their meeting held on January 29, 2026. The company has established February 6, 2026, as the record date for identifying eligible shareholders. The dividend is scheduled to be paid out to shareholders by February 25, 2026, reflecting a strong commitment to shareholder returns.
Key Highlights
Interim dividend of Rs. 45 per equity share declared
Record date for dividend eligibility is February 6, 2026
Dividend payout to be completed by February 25, 2026
Announcement follows the Board meeting held on January 29, 2026
💼 Action for Investors
Investors interested in the dividend should ensure they hold the shares before the ex-dividend date to be eligible for the Rs. 45 per share payout. This high dividend yield is a positive signal of the company's cash flow strength.
Accelya Solutions Q2 PAT at ₹28.57 Cr; Declares ₹45 Interim Dividend
Accelya Solutions India reported a sequential revenue growth of 5.6%, reaching ₹131.18 crore for the quarter ended December 31, 2025. Net profit for the quarter stood at ₹28.57 crore, down from ₹30.72 crore in the previous quarter, largely due to a one-time exceptional charge of ₹11.72 crore related to gratuity liabilities under the New Labour Codes. Despite the profit dip, the company declared a substantial interim dividend of ₹45 per share. The underlying operational performance remains stable within its niche of providing software solutions to the global airline industry.
Key Highlights
Revenue from operations increased to ₹13,117.94 lakhs from ₹12,425.21 lakhs in the previous quarter.
Declared an interim dividend of ₹45 per equity share with a record date of February 6, 2026.
Net profit of ₹2,857.42 lakhs was impacted by an exceptional item of ₹1,171.61 lakhs for past service gratuity costs.
Total comprehensive income for the quarter stood at ₹2,866.98 lakhs.
Basic and Diluted EPS for the quarter was ₹19.21 per share.
💼 Action for Investors
The profit decline is primarily due to a non-recurring exceptional item, and the core business remains healthy. Investors should view the high dividend payout favorably and maintain positions for steady yield and niche market dominance.
ACC Q3 FY26: Revenue Rises 22% to ₹6,367 Cr; PAT Declines to ₹541 Cr Amid Management Changes
ACC Limited reported a strong 22% year-on-year growth in revenue from operations, reaching ₹6,366.82 crore for the quarter ended December 31, 2025. Despite the revenue surge, Profit After Tax (PAT) dropped significantly to ₹541.40 crore from ₹1,089.07 crore in the previous year, primarily due to a sharp rise in operating expenses and higher tax outgo. The results were supported by a net exceptional gain of ₹156.85 crore, which included a ₹125.41 crore gain from asset sales to a subsidiary. The company also announced key leadership changes in Sales, Marketing, and Security to drive future growth.
Key Highlights
Revenue from operations increased 21.9% YoY to ₹6,366.82 crore in Q3 FY26.
Profit After Tax (PAT) declined by 50.3% YoY to ₹541.40 crore compared to ₹1,089.07 crore in Q3 FY25.
Total expenses rose to ₹6,078.12 crore, driven by higher freight, power, and raw material costs.
Exceptional items provided a net gain of ₹156.85 crore, including a ₹125.41 crore gain from selling property to subsidiary AMRL.
Sanjay Kumar Behl appointed as Head of Sales, Marketing, and Logistics effective February 1, 2026.
💼 Action for Investors
Investors should exercise caution as the bottom line was significantly impacted by rising operational costs despite robust top-line growth. Monitor the impact of the new management leadership on market share and margin recovery in the coming quarters.
ACC Q3 FY26 PAT Jumps 346% YoY (Normalised); Amalgamation with Ambuja Cements Announced
ACC Limited reported a robust Q3 FY26 with normalized Profit After Tax (PAT) surging 346% YoY to Rs 380 crore. The company achieved its highest-ever quarterly sales volume of 11.3 Mn T, marking a 15% YoY growth, while normalized revenue rose 22% to Rs 6,483 crore. A major strategic highlight is the announced amalgamation with Ambuja Cements to create a 'One Cement Platform' for enhanced operational synergies. The company remains debt-free with a strong net worth of Rs 20,326 crore and continues to improve its green energy mix to 31.3%.
Key Highlights
Normalised PAT surged 346% YoY to Rs 380 Cr; highest-ever quarterly volume at 11.3 Mn T.
Amalgamation with Ambuja Cements announced to streamline operations and create a unified cement powerhouse.
Normalised EBITDA grew 46% YoY to Rs 700 Cr with an EBITDA PMT of Rs 619.
Ready-Mix Concrete (RMC) volume increased by 36% YoY to 0.97 Mn M3.
Green power share increased by 12.6 percentage points YoY to 31.3% of total consumption.
💼 Action for Investors
Investors should look favorably upon the strong volume growth and the proposed merger with Ambuja Cements, which is expected to drive significant cost and logistics synergies. The company's debt-free status and capacity expansion plans provide a solid foundation for long-term growth.
ACC Q3 Revenue Grows 22% to ₹6,367 Cr; PAT Halves to ₹541 Cr on Higher Costs
ACC Limited reported a strong 22% YoY growth in revenue from operations to ₹6,366.82 crore for Q3 FY26. However, Profit After Tax (PAT) saw a sharp decline of 50.3%, falling to ₹541.40 crore from ₹1,089.07 crore in the previous year's corresponding quarter. This profitability squeeze was driven by a 19% surge in total expenses, particularly in freight, power, and fuel, alongside a significant reduction in other income and government grants. The company also recognized a net exceptional gain of ₹156.85 crore during the quarter.
Key Highlights
Revenue from operations increased 22% YoY to ₹6,366.82 crore, though total income remained flat at ₹6,516.77 crore.
Profit After Tax (PAT) dropped significantly to ₹541.40 crore compared to ₹1,089.07 crore in Q3 FY25.
Total expenses rose to ₹6,078.12 crore from ₹5,109 crore YoY, with freight and forwarding costs up 20.5%.
Exceptional items included a ₹125.41 crore gain from asset sales to a subsidiary and a ₹49.54 crore provision for new Labour Codes.
Management changes announced with Sanjay Kumar Behl appointed as Head of Sales, Marketing, and Logistics effective February 1, 2026.
💼 Action for Investors
Investors should monitor the significant margin compression as rising operational costs are currently offsetting robust top-line growth. The impact of the new Labour Code provisions and the ongoing consolidation within the Adani cement business warrants a cautious 'watch' approach.
CreditAccess Grameen Q3 FY26: PAT Doubles QoQ to ₹252 Cr as Asset Quality Normalizes
CreditAccess Grameen reported a strong recovery in Q3 FY26, with PAT doubling sequentially to INR 252 crore and NIM expanding by 60 bps to 13.9%. Asset quality showed significant improvement as monthly PAR 15+ accretion dropped sharply to 18 bps in December from 47 bps in September. The company maintained robust growth with disbursements of INR 5,767 crore and a 13.4% YoY increase in Net Interest Income. Management highlighted the successful implementation of MFIN guardrails, which significantly reduced exposure to highly indebted borrowers.
Key Highlights
PAT doubled QoQ to INR 252 crore, translating to an ROA of 3.5% and ROE of 13.8%.
Asset quality improved significantly with X bucket collection efficiency at 99.71% and PAR 15+ accretion falling to 18 bps in December.
Net Interest Margin (NIM) expanded by 60 bps QoQ to 13.9%, aided by a 26 bps reduction in average cost of borrowings to 9.4%.
Retail finance portfolio share increased to 14.1% of AUM, up from 11.1% in the previous quarter.
Exposure to borrowers with more than 3 lenders dropped to 4.9% in December 2025 from 25.3% in August 2024.
💼 Action for Investors
Investors should note the sharp decline in PAR accretion and the normalization of the Karnataka market as strong indicators of a turnaround. The company's ability to lower borrowing costs and diversify into retail finance provides a positive outlook for long-term profitability.
CreditAccess Grameen Q3 FY26 PAT Doubles QoQ to ₹252 Cr; 9.12 Lakh ESOPs Granted
CreditAccess Grameen reported a significant sequential recovery with Net Profit (PAT) doubling to ₹252.09 crore in Q3 FY26, up from ₹125.81 crore in Q2 FY26. While year-on-year PAT declined by 42.5% from ₹438.09 crore, the sharp reduction in impairment costs from ₹525.67 crore in the previous quarter to ₹342.57 crore indicates improving asset quality. Total revenue from operations grew 8% YoY to ₹1,490.41 crore. Additionally, the board approved the grant of 9,12,500 stock options to employees at an exercise price of ₹1,344.97.
Key Highlights
Net Profit (PAT) surged 100.4% quarter-on-quarter to ₹252.09 crore.
Impairment on financial instruments (provisions) decreased by 34.8% QoQ to ₹342.57 crore.
Total revenue from operations stood at ₹1,490.41 crore, an 8% increase over Q3 FY25.
Board approved 9,12,500 ESOPs at an exercise price of ₹1,344.97 per share.
Basic EPS improved significantly to ₹15.76 from ₹7.87 in the preceding quarter.
💼 Action for Investors
The strong sequential rebound in profitability and cooling credit costs suggest the worst of the asset quality stress may be subsiding. Investors should maintain a watch on the collection efficiency and the long-term impact of the newly notified Labour Codes on operating expenses.
CreditAccess Grameen Q3 PAT Surges 153% YoY to ₹252 Cr; Asset Quality Improves
CreditAccess Grameen reported a strong recovery in Q3 FY26 with PAT doubling sequentially to INR 252.1 crore, driven by a 54.4% YoY reduction in credit costs. Asset quality showed significant improvement as PAR 0+ dropped to 4.4% and collection efficiency rose to 95.5% in December 2025. The company's AUM grew 7.1% YoY to INR 26,566 crore, supported by a 13.4% increase in disbursements. Management highlighted a sharp decline in new PAR accretion, particularly in Karnataka, signaling a return to historical stability.
Key Highlights
PAT surged 153.3% YoY and 100.4% QoQ to INR 252.1 crore, with RoA improving to 3.5%
Asset quality improved with PAR 0+ at 4.4% vs 4.7% QoQ and GNPA/NNPA at 4.04%/1.36%
AUM reached INR 26,566 crore (up 7.1% YoY) with disbursements growing 13.4% YoY to INR 5,767 crore
Added 2.06 lakh new borrowers in Q3, with 39% being New-to-Credit (NTC)
Strong capital position with CRAR at 26.4% and liquidity of INR 2,397.4 crore
💼 Action for Investors
Investors should view the sharp recovery in profitability and stabilizing asset quality as a positive sign of the MFI cycle bottoming out. Monitor the sustainability of collection efficiency and credit cost reductions in the upcoming quarters.
CreditAccess Grameen Q3 FY26: Adjusted PAT at ₹266 Cr; Asset Quality Normalizes
CreditAccess Grameen reported a Gross Loan Portfolio (GLP) of ₹26,566 crore for Q3 FY26, a 7.1% YoY increase, driven by robust disbursements of ₹5,767 crore. The company demonstrated a strong recovery in asset quality, with monthly PAR 15+ accretion dropping to 0.18% in December 2025 from 0.47% in September. Adjusted PAT reached ₹266 crore, while credit costs continued their downward trajectory to ₹343 crore. The firm has successfully aligned with MFI guardrails, significantly reducing exposure to over-leveraged borrowers.
Key Highlights
Gross Loan Portfolio (GLP) reached ₹26,566 crore, up 7.1% YoY, with Retail Finance share increasing to 14.1%.
Monthly PAR 15+ accretion improved significantly to 0.18% in Dec-25 compared to 0.47% in Sep-25.
Quarterly credit costs declined to ₹343 crore from ₹526 crore in Q2 FY26, marking a normalization trend.
Adjusted Return on Assets (ROA) stood at 3.7% and Adjusted Return on Equity (ROE) at 14.6% for the quarter.
Exposure to borrowers with >3 lenders reduced drastically to 4.9% of GLP from 25.3% in August 2024.
💼 Action for Investors
The significant reduction in incremental stress (PAR accretion) and credit costs indicates a turnaround in operational performance. Investors may view this as a positive signal for earnings stability heading into FY27.
CreditAccess Grameen Q3 FY26 PAT Doubles Sequentially to ₹252 Cr; Impairments Decline
CreditAccess Grameen reported a strong recovery in Q3 FY26 with a Standalone Profit After Tax (PAT) of ₹252.09 crore, a significant jump from ₹125.81 crore in the previous quarter. This performance marks a major turnaround from the ₹99.52 crore loss reported in the same quarter last year. The improvement is primarily attributed to a sharp reduction in impairment costs, which fell to ₹342.57 crore from ₹525.67 crore in Q2 FY26. Additionally, the board approved the grant of 9,12,500 stock options to employees at an exercise price of ₹1,344.97.
Key Highlights
Net Profit for Q3 FY26 reached ₹252.09 crore, up 100.3% from ₹125.81 crore in Q2 FY26.
Impairment on financial instruments decreased significantly to ₹342.57 crore compared to ₹525.67 crore in the previous quarter.
Total Income for the quarter stood at ₹1,491.31 crore, maintaining stability despite a slight sequential dip from ₹1,509.02 crore.
Basic Earnings Per Share (EPS) improved to ₹15.76 for the quarter, doubling from ₹7.87 in Q2 FY26.
Board approved 9,12,500 ESOPs at an exercise price of ₹1,344.97, with a 4-year vesting schedule.
💼 Action for Investors
The significant reduction in credit costs and the sequential doubling of profits suggest a recovery in asset quality; investors should maintain a positive outlook while monitoring the sustainability of lower impairment levels.
CreditAccess Grameen Dec-25 Update: GLP at ₹26,566 Cr, PAR 15+ Accretion Drops to 0.18%
CreditAccess Grameen reported a recovery in operational metrics for December 2025, with the Gross Loan Portfolio reaching INR 26,566 crore. Disbursements saw a strong 26% month-on-month growth in December, totaling INR 5,805 crore for the third quarter. Asset quality is normalizing, evidenced by the X-Bucket collection efficiency hitting 99.71% and a sharp decline in new PAR 15+ accretion to 0.18%. While PAR 90+ rose slightly to 2.9% due to older slippages, the overall trend suggests a significant reduction in fresh stress across key states like Karnataka.
Key Highlights
Gross Loan Portfolio (GLP) grew to INR 26,566 crore in Dec-25, up from INR 25,904 crore in Sep-25.
Disbursements in Dec-25 rose 26% MoM, with Q3 FY26 total disbursements reaching INR 5,805 crore.
Asset quality improved as PAR 15+ accretion rate fell to 0.18% in Dec-25 compared to 0.54% in Oct-25.
X-Bucket Collection Efficiency reached 99.71% in Dec-25, signaling normalization across geographies.
The company added 2.1 lakh new borrowers in Q3 FY26, bringing the 9M FY26 total to 6.5 lakh.
💼 Action for Investors
Investors should monitor the stabilization of PAR 90+ in the upcoming full quarterly results to confirm that forward flows have peaked. The strong rebound in disbursements and collection efficiency suggests the company is successfully navigating recent microfinance sector headwinds.
ACC Limited Receives GST Tax Demand Orders Totaling Over Rs 203 Crore
ACC Limited has received two separate GST demand orders from tax authorities in Nagpur and Coimbatore. The first order from Nagpur involves a total liability of Rs 34.07 crore, including tax, interest, and penalties. The second order from Coimbatore demands a total of Rs 169.64 crore (tax and penalty), with additional interest payable under Section 50(1). The company intends to contest these orders before appropriate authorities and does not foresee any material impact on its financial or operational activities.
Key Highlights
Nagpur Zone authority issued a demand of Rs 34.07 crore, including Rs 19.02 crore interest and Rs 2.29 crore penalty.
Coimbatore authority issued a demand of Rs 169.64 crore, comprising Rs 153.82 crore tax and Rs 15.82 crore penalty.
Allegations include mismatch in tax liability, excess ITC claims, and RCM on GTA and mineral royalties.
The company intends to appeal both orders and does not expect a material financial impact.
💼 Action for Investors
Monitor the outcome of the appeals process for these tax demands. While the amount is notable, such tax disputes are common in the cement sector and the company is actively contesting the claims.