JK Lakshmi Cement Ltd has filed a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated 30th January 2026. The disclosure intimates material litigation initiated against the company and its subsidiary.
Details of Litigation
The company and its subsidiary Mahabal Cement Pvt. Ltd. received a notice on 30th July 2026 relating to a writ petition filed under Article 226 of the Constitution of India before the Gauhati High Court. The petition was filed by Prosanjit Nunisa and 66 others against the Union of India and 13 others, including JK Lakshmi Cement Limited and Mahabal Cement Pvt. Limited.
Brief Details of Dispute
The petitioners are aggrieved by the allotment/leasing of lands approximately 3,000 Bighas in Dima Hasao district by respondent authorities in favor of Assam Mineral Development Corporation Limited (AMDCL), JK Lakshmi Cement Limited, and Mahabal Cement Pvt. Limited.
Financial Implications
The expected financial implication due to compensation, penalty, etc., is ₹103.16 crores, representing the cost of land including land development expenses and all other related expenditure.
Quantum of Claims
The quantum of claims is nil.