Saurashtra Cement Ltd Receives Partial Relief from Income Tax Appellate Authority
Saurashtra Cement Ltd has received an appellate order from the Commissioner of Income Tax (Appeals), National Faceless Appeal Center (NFAC). The ruling, dated July 10, 2026, allowed the company's appeal partially.The details concerning the outcome and subsequent actions have been confirmed by the company following receipt of the order on July 11, 2026.
Regarding the financial standing, Saurashtra Cement Ltd noted that there will be no additional financial impact on the company as a result of this Appellate order.
In response to the NFAC's decision, the company has announced its next course of action. A second appeal is being filed before the Income Tax Appellate Tribunal, Rajkot, challenging the Appellate order received from the Commissioner of Income Tax (Appeals).
Key details of the event are summarized below:
| Aspect | Details |
|---|---|
| Authority | The Commissioner of Income Tax (Appeals), NFAC |
| Date of Order | July 10, 2026 |
| Outcome | Appeal was allowed partially |
| Financial Impact | No additional financial impact on the company |
| Next Action | Filing a second appeal before the Income Tax Appellate Tribunal, Rajkot |
SAURASHCEM Stock Price Movement
Saurashtra Cement Limited shares edged higher on Friday, closing at ₹55.20 after gaining 0.31% from the previous close. The stock traded within an intraday range defined by a low of ₹54.55 and a high of ₹56.2, with a total volume of 142,068 shares recorded for the day.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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