Shree Cement Receives Demand Order for Penalty of Rs 68.56 Lacs
Shree Cement Ltd. announced today, March 24, 2026, that it has received a demand order from the Office of the Mining Engineer, Department of Mines & Geology, Ajmer Circle, Rajasthan.The demand order, received on March 23, 2026, imposes a penalty of Rs 68.56 lacs. The penalty stems from delayed compliance observed as per Clause 2 & 3 of Part IX of the Lease deed executed under Mineral Concession Rules, 1960, during an inspection conducted by Department of Mines & Geology (DMG) officials at the Sheopura Kesarpura Mines, Rajasthan in 2013.
According to Shree Cement, the order is not expected to have a major financial impact on the company, and legal action will be pursued.
Here's a summary of the details:
| Particulars | Details |
|---|---|
| Authority | Superintending Mining Engineer, Office of the Mining Engineer, Department of Mines & Geology, Ajmer Circle, Rajasthan |
| Action | Demand Order imposing Penalty of Rs 68.56 lacs |
| Date of Receipt | March 23, 2026 |
| Violation | Delayed compliance observed as per Clause 2 & 3 of Part IX of the Lease deed executed under Mineral Concession Rules, 1960, during inspection in 2013 |
| Financial Impact | No major financial impact |
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