JK Lakshmi Cement and Subsidiaries Face Litigation Over Land Allotment in Assam
JK Lakshmi Cement Limited, along with its subsidiary Mahabal Cement Pvt. Ltd., is facing litigation concerning the allotment of lands in Dima Hasao district, which has implications valued at ₹ 103.16 Crores.The company received a notice on July 30, 2026, regarding a writ petition filed before the Hon'ble Gauhati High Court. The suit was initiated by Prosanjit Nunisa and 66 other petitioners against the Union of India and 13 other parties, which include JK Lakshmi Cement Limited and its subsidiary.
The legal dispute pertains to the allotment or leasing of approximately 3,000 Bighas of land in Dima Hasao district. The lands were allotted by respondent authorities in favor of the Assam Mineral Development Corporation Limited (AMDCL), JK Lakshmi Cement Limited, and Mahabal Cement Pvt. Ltd.
Key financial details regarding the litigation are as follows:
| Aspect | Detail |
|---|---|
| Expected Financial Implication | ₹ 103.16 Crores (Covering land costs, land development expenses, and related expenditures) |
| Quantum of Claims | Nil |
JKLAKSHMI Stock Price Movement
Shares of JK Lakshmi Cement Limited slipped by 0.3% to settle at ₹564.65 today after trading in the equity market. The stock saw a day low of ₹563 and recorded a total traded volume of 55,783 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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