Published on 17/03/2026 09:08 PM
JK Cement subsidiary receives legal notice in J&K over packaging violationsThe company added that there is no material financial impact from the development at this stage. It has sought an extension from the department to respond to the notice.By CNBCTV18.com March 17, 2026, 9:08:07 PM IST (Published)2 Min Read
JK Cement Ltd said on Tuesday, March 17, its subsidiary has received a notice from authorities in Jammu and Kashmir over alleged violations related to packaging norms.
JK Cement Saifco Private Ltd was issued a notice dated March 9 by the Office of the Deputy Controller, Legal Metrology Department (Enforcement), Kashmir, the company said in a regulatory filing. The subsidiary informed the parent company of the development on March 16.
The company added that there is no material financial impact from the development at this stage. It has sought an extension from the department to respond to the notice.
The notice directs the company to halt packaging of cement products along with their weight. The authority has alleged multiple violations, including lack of packaging registration, a non-functional customer care number, and unverified electronic weighing scales.
Shares of the company ended at ₹5,128 apiece, up 1.32% for the day.
The company also sees overall costs rising from May onwards amid geopolitical uncertainties. Anuj Khandelwal, Business Head at JK Cement, expects input cost pressures to emerge in the coming months, with rising fuel and packaging costs likely to impact margins from mid-Q1.
Speaking on Q4 demand, he said, "I think the industry will end up around 7 to 8% growth versus Q4 of last year, which I believe is quite strong and good, given how strong the last Q4 was. So, at present, slight softness is seen in demand, but not so much to worry about. Overall, in Q4, the demand is quite good".
Also Read: Stocks to Watch for March 18: Tata Steel, Tech Mahindra, Varun Beverages, Wipro and more
Continue ReadingTagsJK Cement