Govt orders probe into Shree Cement, seeks 'certain' information

Shree Cement said on Friday it has received communication from the Ministry of Corporate Affairs (MCA) ordering an investigation under the Companies Act, 2013, and seeking certain information from the company.

The cement maker said the Office of the Regional Director, North-Western Region, Ahmedabad, has initiated the investigation under Section 210(1)(c) of the Companies Act. The communication was received by the company on January 1, 2026, it said.

Shares of the firm were almost flat at Rs 26,855 on January 2 as of 2:00 PM.

Shree Cement clarified that the MCA has sought information from the company as part of the process and gave no details on any allegations of violations or contraventions at this stage. The company said it will provide the requested information in due course.

The company added that the development will have no impact on its financial position, business operations or other activities, as the action is limited to seeking information.