Gautam Adani
The Income Tax Department has given a big blow to the Adani Group. The department has imposed a fine of more than Rs 23 crore on the group’s cement company. In fact, the department has put two different jumps. A fine is more than Rs 14 crore. While one is worth about 9 crores. The fine has been imposed on the unit ACC of Adani Cement. By the way, there is no significant impact of this penalty on the share of the company. Because of which the company’s shares are seen trading on the green mark. Let us also tell you why the company has been fined.
Why imposed fine
The Income Tax Department has imposed two separate fine of Rs 23.07 crore on ACC Limited. This company of Adani Group will challenge this fine before the appellate authorities. The Income Tax Department has imposed a fine of Rs 14.22 crore for the alleged incorrect details of income for the Assessment Year 2015-16. At the same time, a fine of Rs 8.85 crore has been imposed in the case of low income for the assessment year 2018-19.
Group will appeal
The ACC told the stock market on Thursday that the company will oppose both orders by filing an appeal before the Income Tax Commissioner (Appeal) within the stipulated time limit. At the same time, it will demand a ban on the fine imposed under the related orders. The company received notice regarding these fines on October 1, 2025. He said that these punishments will not have any effect on financial activity.
Then Adani did not have the company
ACC is a subsidiary of Ambuja Cement, part of Adani Cement. Ambuja Cement holds more than 50 percent stake in the company. The notices sent by the Income Tax Department are associated with the period before becoming a part of the group led by its industrialist Gautam Adani. The Adani Group acquired Ambuja Cements and its subsidiary ACC Limited from Holsim Group in Switzerland in September 2022 in a $ 6.4 billion deal.
How much was the revenue of the company
According to the company’s annual report, in FY 2025, the ACC operational revenue was Rs 21,762 crore, as well as the cement sales volume 39 million tonnes. In the afternoon trading, ACC Limited shares were trading at Rs 1,835.25 per share on BSE, which was 0.33 percent more than the previous closed price. By the way, the company’s stock has seen a decline of more than 10 percent in the current year.