India's JSW Cement falls after receiving tax show cause notice
25/09/2026 07:46
BUZZ-India's JSW Cement falls after receiving tax show cause notice ** Shares of India's JSW Cement JSWC.NS fall as much as 2.4% to 112.83 rupees; stock last down 0.94%
** Cement manufacturing company receives tax show cause notice for 2.3 billion rupees ($24.00 million) from Belagavi, Karnataka tax authority
** Company received tax penalty for alleged underpayment of tax after using incorrect tax classification** Tax notice had no material impact on its financials and operations, company says
** Stock down 3.53% YTD
($1 = 95.8450 Indian rupees)
(Reporting by Anushka Rajvedi)
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