JK Lakshmi Cement Limited announced that the Assistant Commissioner, Commercial Tax Dept., Sirohi Division, Rajasthan vide its Assessment Order dt. 28.02.2024 received by on 29.02.24, under Rajasthan Electricity Duty Act 1962, has raised the demand of Electricity Duty of INR 44.570 million, Interest of INR 27.799 million and imposed Penalty of INR 4000/- towards non-payment of Electricity Duty on auxiliary consumption for the generation of electricity for the Financial years 2014-15 to 2017-18. The Company would file appeal before the Appellate Authorities against the said Order.

There is no material impact on financial, operation or other activities of the Company due to said Order.